Stocks on Wall Street slid on Monday, following a drop in Europe and Asia, as investors remained on edge about the severity of the economic downturn. The S&P 500 fell about 1 percent at the…
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Lab equipment company Avidity Sciences to establish operations in China
Avidity is a portfolio company of Minneapolis-based private equity firm Shoreview Industries, which invested in Avidity in 2016. ( read original story …)
Global markets dive as the US ratchets up tensions with China over the coronavirus
Although markets were closed in China and Japan Monday, stocks in Hong Kong and Europe plunged on the renewed tensions. ( read original story …)
Global Markets Fall on Recovery Fears and China Tensions: Live Updates
Global markets on Monday were pointing to a downbeat beginning to the week, with stocks falling and futures markets predicting a negative opening for Wall Street. Markets in France and Germany opened … ( read…
Coronavirus update: Global case tally passes 3.5 million; Trump and senior officials continue to lash out at China
The number of cases of the coronavirus that causes COVID-19 climbed above 3.5 million on Monday, as President Donald Trump and senior members of … ( read original story …)
IPO Update: Kingsoft Cloud Holdings Proposes IPO Terms
Kingsoft Cloud Holdings aims to raise $425 million in a U.S. IPO. The company provides a range of software and services to assist Asia-based enterprises in tran … ( read original story …)
Demand for smartphones in China is starting to comeback post coronavirus: Micron exec
Micron strikes a bullish tone on the pace of economic recovery in China following the worst of the coronavirus. ( read original story …)
US Warns Of ‘Consequences’ If China Abandons Trade Deal
US Treasury Secretary Steven Mnuchin said Monday he expects China to uphold a trade deal reached with Washington this year, and warned of “consequences” if the country did not. The comments come amid … (…
China Market Update: Trade Tensions Lead To Risk-Off
Key News Asian equities cratered today on threats of new US tariffs as US-China tensions led to a risk-off day. ( read original story …)
Chinese cloud services provider Kingsoft Cloud sets terms for $425 million US IPO
Kingsoft Cloud Holdings, a Chinese cloud services and infrastructure provider being spun out of Kingsoft, announced terms for its IPO on Monday. The Beijing, China-based company plans to raise $425 … ( read original story…
Dow futures fall as Wall Street weighs states’ reopenings, China-U.S. tensions
U.S. stock-index futures fall sharply in thin trading Sunday evening as investors contend with state reopenings amid signs of brewing conflict between … ( read original story …)
United States dollar dominance on shaky waters as China’s digital Yuan takes shape
The Yuan is reported to have opened for trials in at least for cities in China including Shenzhen, Suzhou, and Chengdu. Despite the COVID-19 pandemic China has not altered nor interrupted the … ( read…
Trump administration pushing to rip global supply chains from China -officials
“This moment is a perfect storm; the pandemic has crystallized all the worries that people have had about doing business with China,” said another senior U.S. official. Story continues “All the money … ( read…
