Thirty-four motor vehicles and parts manufacturers were listed on the Fortune Global 500 this year, with the top 3 as Volkswagen, Toyota and Stellantis. Among the 34, nine are from China with BYD …
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US lawmakers want China export bans to include open tech like RISC-V
ASIA IN BRIEF Three members of the US Congress have expressed concerns that the nation’s export controls regime are ineffective because they allow free sharing of open technology with China.… …
A limited export window to China expected again
A global grain and oilseed analyst says the U.S. soybean export window to China, the world’s top soybean importer, might narrow at a quicker pace this marketing year. Brazil remains competitive on the …
Citi Sells Off China Consumer Unit as It Simplifies Its Business
Key Takeaways Citigroup agreed to sell its China unit to HSBC Bank China as it sheds assets to simplify operations.The agreement includes all of Citi’s clients, assets under management, and deposits.The move is part of…
FPJ Cyber Secure: Hackers Siphon Over ₹2 Cr; Blockchain Helps Freeze Half Amount
Mumbai: A 28-year-old businessman lost more than Rs 2 crore, including the amount he had received from a foreign investor, to hackers from China and Dubai. The cyber cops have managed to freeze 50% of…
US Senate Majority Leader Schumer criticizes China for not supporting Israel
U.S. Senate Majority Leader Schumer says he is grateful for a stronger statement from China condemning the deadly Hamas attack on Israel issued during his visit to Beijing that included a lengthy meet
Ag Markets See Risk Off Selling with Israel Attacks, Harvest Pressure and Report Positioning: Wheat Higher on China Export Talk
Wheat holds gains on talk of China export buys. Randy Martinson, Martinson Ag has more. The attack on Israel by Hamas adds urgency to GOP efforts to elect a new House speaker. The need to…
Biden Administration Greenlights Samsung and SK Hynix’s Expansion in China Despite Prevailing Restrictions
The Biden administration has granted Samsung Electronics Co (OTC: SSNLF) and SK Hynix Inc, the world’s two largest memory makers, permission to acquire the equipment essential for maintaining and …
Citi sells China wealth business as part of international consumer retreat
Citigroup is winding down consumer businesses in certain parts of the world as part of an effort to simplify the giant bank.
Investors warn Evergrande could face an ‘uncontrolled collapse’ that would be a disaster for China’s property sector
The troubled developer cancelled a $19 billion debt restructuring. Investors in its bonds say the move could ripple through the entire sector.
Hands off China! The country has become a hot potato for investors. Are they right to be afraid?
The Chinese stock market has not kept up with Western stock exchanges. Government measures have not yet been able to win back investor confidence. What should investors do?
Samsung and SK Hynix Get Indefinite Waiver to Import U.S. Tools to Chinese Fabs
Memory makers Samsung Electronics and SK Hynix have secured a continuous green light from the U.S. government to equip their Chinese plants with U.S. chipmaking equipment without …
China Plans 50% Surge in Computing Power by 2025 to Lead AI Race
China has revealed its ambitious plans to significantly expand its computing power by over 50% within the next two years. This initiative aligns with China’s aspirations to dominate the global …
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