China has at least 83 million barrels of spare inventory capacity that could be filled with Russian oil made cheap by an EU embargo.
Tagged By business
Bitcoin Drops Below $36,000 as Crypto Market Crashes—Here’s Why
Bitcoin increased by 5.20% after the Federal Reserve announcement but recently dropped by 7.90% to 35,571.90. Crypto experts theorize the reason behind the crash. Bitcoin’s price dropped by 7.90% to …
China’s Trade Seen Faltering in April as COVID Curbs Hit Output: Reuters Poll
China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s …
China’s trade seen faltering in April as COVID curbs hit output
China’s export growth is expected to have slowed to a crawl in April as strict COVID-19 curbs hit production while imports likely extended declines, creating heavy headwinds for the world’s …
China’s government agencies and state run firms given ultimatum to replace foreign PCs within two years
The change comes as part of China’s decade long plan to replace imported technology with homegrown alternatives …
How brands in China are grappling with social media misinformation issues
Yet even if Weibo banned the KOL, social media sites do not have the power or responsibility to help prevent a brand crisis. When Campaign contacted Twitter in China for comment on misformation and …
SEC places Chinese crypto mining rig maker Canaan on pre-delisting list
The Securities and Exchange Commission (SEC) said it determined that Canaan used an auditor whose working papers cannot be inspected or investigated completely by the Public Company Accounting …
Asian shares hit seven-week low as China doubles down on zero-COVID
China will fight any comments and actions that distort … resulting in the end of the current business cycle,” said David Chao, global market strategist, APAC ex-Japan, at Invesco. U.S. payroll data …
Hi Nova 9z now available for purchase in China; price starts at 1,799 yuan ($270)
China Post has a lineup of smartphones under its Hi Nova brand, and as the naming scheme indicates, the devices in the lineup are rebranded versions of the Huawei smartphones. The company recently …
JD.com founder Richard Liu to get US$273 million from the e-commerce giant’s first dividend since 2014 IPO
The company has approved a special cash dividend of 63 US cents per ordinary share and US$1.26 per American depositary share, for a payout of US$2 billion JD.com’s first dividend payment since going …
China Resources Enterprise and Fung Investments form US$300 million Investment Platform
Dr. Victor Fung, Chairman of Fung Investments, said: “The growth of Chinese consumerism is set to sustain growth and create abundant opportunities for consumer and lifestyle companies that are looking …
China’s COVID curbs rattle EU business confidence
European firms operating in China are feeling the negative impacts of Beijing’s “zero-COVID” policy, according to a business survey published Thursday.The European Chamber of Commerce in China said …
China’s Covid rules batter business confidence: EU Chamber
“While the war (in Ukraine) has had an impact on European businesses operating in China, Covid-19 presents a far more immediate challenge and has caused a considerable drop in business confidence,” …
