Ride hailing company DIDI stock is surging on reports that Chinese regulators plan to end a months-long investigation of the company.
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Oil bulls emboldened by EU sanctions and China easing lockdowns
LONDON – Portfolio investors have begun to turn bullish again towards petroleum as impending EU sanctions on Russia’s exports and easing lockdowns in China outweigh fears of a possible recession in …
China EximBank issues bonds to support production resumption in Shanghai
The Export-Import Bank of China (China EximBank), a state-owned policy bank, has issued financial bonds worth 5 billion yuan (about 749.7 million U.S. dollars) to facilitate the resumption of …
US to look into lifting some tariffs on imports from China
As stated by Commerce Secretary Gina Raimondo in an interview with CNN, US Leader Joe Biden has instructed his administration to look into lifting so …
What the end of Didi’s cybersecurity probe means for China tech investors
What happened? Chinese regulators are getting ready to conclude investigations into Didi and restore its mobile app as soon as this week, based on reports by the Wall Street Journal. Didi’s share …
John Phipps: China’s Zero-Covid Policy Isn’t New, It Actually Has a Gruesome Precedent
The zero-Covid strategy by the Chinese government is slowing their economy. In a rare admission, officials have lowered their GDP growth estimate significantly, almost totally based on cities that …
Shanghai reopening: Tesla buyers face 24-week wait for delivery as carmaker scrambles to catch up in ‘China’s Motown’
The waiting time for the entry-level Model 3 electric cars, priced at 279,900 yuan each, is between 20 and 24 weeks, according to Tesla’s website The waiting time for the Model Y is between 10…
Bitcoin Jumps 5% As Easing China Covid Restrictions Revive Risk Sentiment, Cardano, Solana Shine
Whether the crypto market bounce gathers pace over the coming weeks mainly depends on the US and China consumer price inflation (CPI) data scheduled for release on Friday. According to consensus …
Sephora China Releases 2022 New & Exclusive Summer Products, Global Beauty Trends and “China Accelebrate” Program to Celebrate Beauty Diversity
Sephora, the world’s largest prestige beauty retailer, released over 360 products from 59 brands worldwide, in representation of the 7 global beauty trends …
China’s Didi surges 50% after regulators reportedly end probe into ride-hailing major
Chinese authorities are also reportedly preparing to allow Didi’s apps back on domestic app stores as early as this week …
Chinese ride-hailing giant Didi surges 50% after report that regulators are ending probes
Chinese regulators are concluding investigations into ride-hailing giant Didi, the Wall Street Journal reported, sending shares of the company surging.
US STOCKS-Futures rebound as China ADRs rally; tech, growth stocks rise
U.S. stock index futures bounced on Monday, as a report of Beijing regulators concluding a year-long probe into Didi Global added to optimism about easing COVID-19 curbs in the country, lifting shares …
The US military is watching China’s presence grow in Latin America, and it doesn’t like where things are going
In March 2021, US Coast Guard cutter Stone was turned away from a port call in Argentina, which has developed close economic and political ties with China. “We were going to do a port call…
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