The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their …
Tagged By business
Sackler-Owned Mundipharma’s Sale of China Unit Said to Stall
The billionaire Sackler family’s plan to sell the China assets of its global pharmaceutical company Mundipharma International Ltd. for more than $1 billion has stalled over valuation, people familiar …
China Primary Aluminium Imports in December Dropped 36.98% YoY
According to the General Administration of Customs, China imported 82,265 mt of primary aluminium in December, down 64.13% month-on-month and down 36.98% year-on-year. India is still the largest …
POLL-Exports likely buoyed S.Korea GDP growth in Q4, braking China dims outlook
South Korea’s economy likely accelerated in the last quarter, buoyed by strong exports and investments, but an economic slowdown in China and surging COVID-19 cases pose a significant risk, a Reuters …
China 2022: Dealing with the new business environment
This is the second part in a two-part series. In the first part, we looked at how 2021 was a significant year in terms of the changing business environment for multinationals operating in China.
China is launching its own crypto-less NFT industry – A new state-backed blockchain?
China’s government banned cryptocurrencies, their trading and their mining out of fear to see its financial system destabilized. This choice has also been justified by the fact that the government cla …
As Central China New Life (HKG:9983) climbs 9.6% this past week, investors may now be noticing the company’s one-year earnings growth
Active investors aim to buy stocks that vastly outperform the market – but in the process, they risk under-performance. For example, the Central China New Life Limited (HKG:9983) share price is down …
Bank of Russia seeks to outlaw mining and trading of crypto
Russia’s central bank proposed a blanket ban on the use and creation of all cryptocurrencies within one of the world’s biggest crypto-mining nations, citing the dangers posed to the country’s …
Hunter Biden, former Biden aide invested in Chinese company tied to Communist Party, NBA China
Hunter Biden’s longtime business partner, Eric Schwerin, sent him an email in March 2017 breaking down the ownership interests of Rosemont Seneca Advisors, which included a 5% stake in Harves …
French parliament passes motion condemning China ‘genocide’ against Uyghurs
France’s parliament passed an opposition-led motion asking the government to condemn China for “crimes against humanity and genocide” against its Uyghur Muslim minority and to take foreign policy …
China AInnovation Said to Price Hong Kong IPO at Bottom of Range
Qingdao AInnovation Technology Group Co., a Chinese startup backed by SoftBank Group Corp., has priced its Hong Kong initial public offering at the bottom of its marketed range, according to people …
Hacked Crypto.com customer accounts breached earlier held $34 mn in cryptocurrencies
The central bank said it would work with regulators in countries where crypto exchanges are registered to collect information about the operations of Russian clients. It pointed to steps taken in …
Russia’s central bank proposes ban on crypto mining and trading
Crypto bears the hallmarks of a pyramid scheme and undermines monetary policy sovereignty, said Russia’s central bank.
