Nov 29, 2022 03:29 AM- Apple to Lose 6 Million iPhone Pros From Turmoil at China Plant
- Ongoing disruptions at ‘iPhone City’ in Zhengzhou may prompt Apple to accelerate diversification of production base outside China
Nov 28, 2022 19:43 PM- Foxconn Offers $1,800 Bonus to Workers Who Stay in iPhone City
- Apple’s manufacturing partner is hoping to entice workers to stay after a month of dealing with Covid curbs and disruptions that culminated in unrest
Nov 28, 2022 18:58 PM- Tesla Recalls Thousands of Cars in China Due to Software and Seat Belt Issues
- The EV-maker will call back 70,434 imported Model S, Model X and Model 3 vehicles, and 10,127 China-made Model 3s, the country’s market regulator says
Nov 28, 2022 18:28 PM- Cash-Strapped Evergrande Offloads Vacant HQ Plot for $1 Billion
- The defaulted property giant had intended to build its Shenzhen headquarters on the 10,000-square-meter plot, which has been sitting idle since September 2021
Nov 26, 2022 19:44 PM- U.S. Bans Huawei, ZTE Telecom Equipment on Data-Security Risk
- Federal Communications Commission also banned connected-camera providers Hikvision Digital and Dahua Technology
Nov 26, 2022 03:16 AM- China Jails Chinese-Canadian Pop Star Kris Wu for 13 Years on Rape Charges
- Regulators also impose $84 million fine for dodging taxes on celebrity detained in 2018 as court rules he will be deported
Nov 26, 2022 03:07 AM- BlackRock Wary of China Stocks Beyond Potential Near-Term Rally
- World’s largest asset manager cites geopolitical risks, uncertainty on U.S. policies and ‘adverse climate’ for privately owned businesses and foreign investors
Nov 25, 2022 20:22 PM- Ringgit Rises to Three-Month High as Anwar Takes Malaysia’s Helm
- The country’s currency rose by as much as 0.9% against the dollar to 4.4542 ringgit, its strongest level since mid-August
Nov 25, 2022 16:48 PM- China, Arab Nations to Hold Summit in Saudi Arabia Next Month
- President Xi Jinping is expected to visit the key energy partner for the first time in nearly seven years
Nov 25, 2022 05:18 AM- China Bond Rally Fades as PBOC Easing Cycle Seen Nearing an End
- Bounce from Wednesday signal of lowering bank reserve requirements gives way to concerns about monetary tightening to counter inflation
Nov 25, 2022 05:09 AM- Oneworld Alliance Seeks to Bring China Southern Aboard
- Global airline grouping led by British Airways and American Airlines wants China’s largest airline to help it tap into a fast-growing market
Nov 24, 2022 20:52 PM- Anwar Ibrahim Ends 24-Year Wait to Become Malaysia’s Prime Minister
- The 75-year-old’s ascension to top office follows a nearly three-decade journey from his sacking as deputy premier in 1998 to imprisonment for sodomy, before emerging as the country’s long-time opposition leader
Nov 24, 2022 15:43 PM- China’s Record Coal Output to Weigh on Prices Amid Weak Demand
- Production of the fuel could reach 4.4 billion tons in 2022, driven by faster capacity expansions at major mines
Nov 24, 2022 15:37 PM- Xiaomi’s Revenue Dives 10% After Smartphone Demand Tanks
- Sales of mobile devices lead declines across the Beijing-based company’s business divisions encompassing smart electronics and internet services
Nov 24, 2022 13:34 PM- China Regulator’s New Buzzword Fuels Buying Spree in State Firms
- A ‘valuation system with Chinese characteristics’ has investors debating whether the term implies a premium for state-owned firms and companies more aligned with national goals
Nov 24, 2022 08:25 AM- Korea Media Stocks Surge as China Resumes Online Streaming
- South Korean movie ‘Hotel by the River’ becomes available in China following a six-year hiatus amid tensions over missile defense system
Nov 24, 2022 08:21 AM- China Signals Likely Reserve Requirement Cut to Aid Growth
- People’s Bank of China expected to slash banks’ required reserves, unleashing liquidity into the economy
Nov 23, 2022 19:10 PM- China Slashes Purchases of Chipmaking Equipment as U.S. Restrictions Bite
- Chinese firms imported $2.4 billion worth of machinery used in semiconductor manufacturing last month, the lowest in more than two years
Nov 23, 2022 17:48 PM- Volkswagen Cuts China Sales Target as ‘Zero-Covid’ Still Looms Large
- The German carmaker plans to sell 3.3 million cars in China this year, on par with 2021’s results and about half a million fewer than its previous estimate
Nov 23, 2022 17:44 PM- Oil Edges Higher With Price-Cap Plan and China Demand in Focus
- The U.S. benchmark price traded above $81 a barrel after rising more than 1% the previous session as equities and other commodities also climbed
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