- Aug 15, 2022 15:45 PM
- China’s Stock Connect Program Adds Trading Days in Holiday Fix
- The new measure will cut the number of days when trading isn’t allowed by about half
- Aug 15, 2022 15:42 PM
- China Shocks With Rate Cut as Data Shows ‘Alarming’ Slowdown
- The PBOC lowered the rate on its one-year policy loans by 10 basis points to 2.75% and the seven-day reverse repo rate to 2% from 2.1%
- Aug 13, 2022 18:48 PM
- Sinopec, U.S.- Listed China Stocks Wobble Amid NYSE Exit Woes
- China Life and PetroChina announced plans to de-list their U.S. shares amid an ongoing spat over audits and rising tensions between Beijing and Washington
- Aug 13, 2022 18:37 PM
- China Hits ‘Liquidity Trap’ as Low Rates Fail to Spur Bank Loans
- Despite banks being flush with cash, weak economic growth and turmoil in the property market means they are reluctant to lend
- Aug 13, 2022 01:14 AM
- Battery Giants, Hyundai Concerned by U.S. Moves on China Supplies
- South Korean EV industry frets over proposed U.S. tax credits aimed at boosting America’s EV production and limiting use of Chinese materials; South Korean trade officials warn U.S. plans may violate international trade rules
- Aug 13, 2022 00:50 AM
- Mercedes, CATL Partner on $7.6 Billion Hungary Battery Plant
- Debrecen plant to build enough batteries per year to power more than a million cars; Automakers BMW, Stellantis, and Volkswagen on board as customers
- Aug 12, 2022 17:58 PM
- China State-Owned Giants Plan to Delist From U.S. Amid Audit Spat
- In a quick succession of disclosures, China Life, PetroChina and Sinopec each announce their intentions to leave American exchanges
- Aug 12, 2022 17:10 PM
- China to Speed Brazil Corn Imports Amid Ukraine War, U.S. Tensions
- Beijing has been seeking to diversify the country’s corn imports, of which about 70% came from the U.S. and 30% from Ukraine last year
- Aug 12, 2022 14:38 PM
- BlackRock Offers Bitcoin Investing to Big Institutional Clients
- Despite the steep downturn in the crypto market, the world’s largest asset manager says there’s ‘substantial interest’ from some clients for access to these assets
- Aug 12, 2022 14:35 PM
- China’s Third-Biggest IPO of the Year Doubles in Trading Debut
- Computer-component maker Hygon’s shares soar 105% as market opens
- Aug 12, 2022 14:28 PM
- Hong Kong Growth Hopes Crumble Under Covid Policy’s Weight
- The city’s government is set to cut its forecast for GDP growth from its last projection of between 1% and 2% as virus restrictions, a trade slump and other global headwinds take their toll
- Aug 12, 2022 02:38 AM
- Crypto Lender Tied to Chinese Rig Giant Throws Miners a Lifeline
- China’s Bitmain Technologies, Antpool mining and Singapore’s Antalpha offer low-interest loans amid bitcoin downturn
- Aug 12, 2022 02:20 AM
- Top China Chipmaker Defies U.S. Sanctions With Earnings Beat
- SMIC reports net income of $514.3 million for the second quarter on revenue of $1.9 billion even as semiconductor demand crumbles
- Aug 11, 2022 17:34 PM
- Biden ‘Cautious’ on China Tariffs After Pelosi’s Taiwan Trip, Commerce Chief Says
- Secretary of Commerce Gina Raimondo says the U.S. president is considering what to do with the Trump-era tariffs because he doesn’t want to hurt American workers
- Aug 11, 2022 15:22 PM
- Ant-Backed Startup Dana Bags $250 Million From Sinar Mas, Alibaba
- The 5-year-old company will use the funds to invest in new tech and roll out more financial services in one of the world’s fastest-growing fintech markets, its CEO says
- Aug 11, 2022 15:14 PM
- China’s Provinces Vow to Meet GDP Targets Despite Growth Slump
- At least 10 local governments explicitly say they will strive to hit their targets, and at least another seven said they’ll keep the goals in mind and do their best
- Aug 11, 2022 15:08 PM
- Dozens in China Infected With New ‘Langya’ Virus Carried by Shrews
- The 26 patients, mainly farmers, had fevers and reported fatigue, cough, loss of appetite and aches
- Aug 11, 2022 03:07 AM
- SoftBank Set to Gain $34 Billion From Cashing Out a Third of Its Alibaba Stake
- Japan-based investment giant moves to shore up its finances amid record losses as global markets deteriorate
- Aug 11, 2022 03:01 AM
- China’s Central Bank Warns of Inflation Risks as CPI Climbs
- Consumer inflation reached 2.7% in July, the highest rate in two years, driven by rising food prices
- Aug 10, 2022 16:05 PM
- SoftBank Accelerates Asset Sales in Race for Cash
- Vision Fund exits entire $7.7 billion Uber stake during market downturn