Apple’s main iPhone manufacturer Foxconn has expanded its efforts to cut ties with China and invested $500 million into an existing plant in India.
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China’s new space station opens for business in an increasingly competitive era of space activity
The International Space Station is no longer the only place where humans can live in orbit. On Nov. 29, 2022, the Shenzhou 15 mission launched from China’s Gobi Desert carrying three taikonauts – the …
Crypto’s Amber to End Chelsea Sponsorship, Axe Over 40% of Jobs in FTX Fallout
Amber Group, one of Asia’s leading crypto trading and lending platforms, is cutting jobs, scrapping retail operations and terminating a sponsorship deal with Chelsea FC in the latest retrenchment to …
Fidelity Wins China Regulatory Green Light to Run Retail Fund Business
Fidelity International has obtained Chinese regulatory approval to conduct business in China’s $3.7 trillion mutual fund industry. China Securities Regulatory Commission granted a licence that enables …
Temasek-backed crypto group Amber to end Chelsea FC sponsorship, axe over 40% of jobs in FTX fallout
Amber Group, one of Asia’s leading crypto trading and lending platforms, is cutting jobs, scrapping retail operations and terminating a sponsorship deal with Chelsea FC in the latest retrenchment to …
Morgan Stanley upgrades Vale, says China reopening and iron ore price jump could help mining stock
Vale has a “cocktail of positive catalysts” that will boost the stock in 2023 and beyond, according to Morgan Stanley. Analyst Carlos De Alba upgraded Vale to overweight from equal weight and upped …
China regulators, state banks split staff as fears mount about new COVID outbreaks-sources
Chinese regulators and state-owned banks are taking steps to split staff at their workplaces in Beijing, sources told Reuters, as businesses brace for a possible spike in COVID cases after China …
Global Economic Chiefs Laud China’s ‘Decisive’ Zero-Covid Reversal
Global economic leaders on Friday hailed China’s move away from its hardline zero-Covid policy, with the IMF chief saying the “decisive actions” would help revive growth both in the country and …
Crypto Trading Firm Amber Group Ditches $25M Chelsea Sponsorship Deal Amid Layoffs: Report
Singapore-based cryptocurrency trading firm Amber Group is terminating a $25 million sponsorship deal with football club Chelsea FC, according to a Bloomberg report, citing a source. Amber Group, …
China to launch SSE 50 stock index options trading from Dec 19 – regulator
China securities regulator on Friday agreed China’s Financial Futures Exchange to launch SSE 50 stock index options trading from Dec. 19, China Securities Regulatory Commission said in a statement on …
Across China: Blockchain technology makes millennium-old grottoes more accessible
China launched a cultural heritage digital platform supported by blockchain technology to share digital renderings of six millennium-old grottoes sites in northwest China’s Gansu Province with people …
Xiamen International Bank Said to Weigh $1.3 Billion HK IPO
Xiamen International Bank Co., set up almost four decades ago with both local and foreign investors, is considering a Hong Kong initial public offering that could raise about HK$10 billion ($1.3 …
UPDATE 1-China’s Weilong Delicious to raise $130.6 mln in Hong Kong IPO
Chinese snack food maker Weilong Delicious Global Holdings is set to price its shares at HK$10.56 each in its Hong Kong initial public offering to raise $130.6 million, according to two sources with …
