In US, a group of politicians said that they had reached an agreement on legislation that would allow the government to shut off billions invested in China.
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China Brokerage Slides After Market-Beating Rally Spurs Warning
China’s top-performing stock fell Thursday after the firm, Everbright Securities Co., warned investors there’s little change in the company’s business environment to trigger the rally.Most Read from …
Absurd bill to ban oil exports to China exposes lack of common sense among US lawmakers
In face of record-high gas prices in the US and skyrocketing inflation, radical anti-China politicians in Washington have come up with another “brilliant” idea: ban US’ oil exports to China. Notorious …
China tariffs: Biden’s plan to unblock domestic Solar manufacturing
The U.S. solar industry has been caught up in the wider tariff disputes with China, a key exporter of solar panels and components. The Solar Energy Industries Association estimates hundreds of …
Crypto hedge fund Three Arrows Capital addresses liquidation rumours
The rumours of funding pressures come as bitcoin hit a fresh 18-month low, extending falls triggered after major crypto lender Celsius Network froze withdrawals and the prospect of sharp U.S. interest …
China’s crude oil stockpiling surges amid weak refinery output: Russell
China only allows exports of refined products under official quotas, mainly granted to large state-owned refining companies and not to smaller, independent companies where much of China’s spare …
Crypto giant Binance opens 2,000 positions for hiring – CEO
BEIJING (Reuters) – Shares in China’s New Oriental climbed for a fourth straight day on Wednesday, with analysts saying its new live-streaming sales… (Reuters) – Global equity funds have shed over 7 …
Tech firms would rather leave China than deal with its grinding data security laws
Many foreign brands have pulled out after China enforced strict data protection laws. A week prior, Amazon announced that it was halting sales of its Kindle e-books in China starting from July 2023.
China May new home prices fall again, more stimulus expected
China’s new home prices in May fell for the second month this year, depressed by still fragile demand as widespread COVID-19 curbs dented already weak buyer confidence, suggesting more policy stimulus …
Baidu video sale hints at a China tech plot twist
Big ticket mergers in China’s battered technology sector are overdue but a new twist has emerged. Search engine giant Baidu may divest its 53% stake in iQIYI , a Netflix-like streaming service, in a …
METALS-Copper, aluminium gain on China recovery hopes, Fed rate hike
China’s economy showed signs of recovery in May after slumping … news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and …
China Brokerage Warns Traders as Stock Surges Over 80% in Days
A Chinese brokerage firm that saw its share price rocket more than 80% in June warned investors of trading risks, adding there’s little change in the company’s business environment. Most Read from …
Hang Seng Index: winning admirers and detractors alike as Corporate China holds sway over benchmark, returns
China’s sway on the city’s market has won admirers and detractors … deterring travellers and slowing business activities that will eventually chip away at its competitiveness. The city’s economy …
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