China will keep the markets stable with favorable policies, China’s Financial Stability and Development Committee said on Wednesday amid the recent market turmoil.
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China seeks to calm markets with promise of economic support
China’s government tried Wednesday to reassure jittery investors by promising support for its struggling real estate industry, internet companies and entrepreneurs after regulatory crackdowns caused s …
Reeling from China’s crackdown, Alibaba and Tencent readying big job cuts-sources
Alibaba Group and Tencent Holdings are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China’s sweeping …
Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout
Crypto remains stable, though liquidity thin, as markets in Hong Kong climb out from the worst slump since the 2008 recession.
Hong Kong shares soar 9% on China pledge to support economy
Hong Kong’s share benchmark, the Hang Seng index, soared 9% on Wednesday after a senior Chinese official said Beijing would provide more support for the slowing Chinese economy. The surge was a …
Exclusive: Tesla stops work at Shanghai factory for two days amid China COVID curbs – internal notice
Electric vehicle giant Tesla is suspending production at its Shanghai factory for two days, according to a notice sent internally and to suppliers, as China tightens COVID restrictions to curb the …
Media NFTs: South China Morning Post to spin off blockchain venture after the successful debut of its archival digital collectibles
The South China Morning Post will spin off an independent venture to turn historical art, photographs and content into tradeable non-fungible tokens (NFTs) The new venture will be headed by Gary Liu, …
China lockdowns may delay orders from platforms like Amazon
Orders placed with global e-commerce platforms like Amazon and Walmart may be delayed by virus lockdowns and restrictions in some of China’s key manufacturing hubs, according to an industry body.
China Copper Giant Xiangguang’s Creditors Stop Loan Renewals
Creditors to Yanggu Xiangguang Copper Co., one of China’s biggest copper smelters, have stopped providing more loans over concerns about its ability to repay, according to people familiar with the …
Crypto Startup Founded by Ex-Meta Employees Raises $200 Million
Aptos Inc. is the latest crypto effort to spring from the dashed dreams of Diem, the abandoned digital currency project of Meta Platforms Inc. Founded just four months ago, Aptos on Tuesday said it …
Column: China’s COVID struggles bring demand destruction back to crude oil debate: Russell
The crude oil market has spent recent weeks worrying about the impact on supply from Russia’s invasion of Ukraine, but China’s ongoing battle to contain the coronavirus pandemic is highlighting the …
Kazakhstan Confiscates Almost $200 Million in Crypto Mining Equipment
Kazakhstan’s Financial Monitoring Agency claimed that it confiscated crypto mining equipment valued at nearly $200 million, as the former Soviet republic tightens its …
Crypto is playing a prominent role in the Ukraine War — on both sides of the conflict
Amid Russia’s invasion of Ukraine, two divergent narratives about crypto are being told, writes Alex Tapscott. Which version is correct?
