It’s precisely nine years since China announced the first ban of bitcoin in December 2013. It wasn’t an actual ban, but it was reported as a ban, with bitcoin at the time having spiked 10x in about tw...
Tag: China
U.S. Trade Booms Except For 3 Countries: Russia, Ukraine, Hong Kong
Russian President Vladimir Putin speaks to China’s President Xi Jinping when they met in Uzbekistan … [+] in September. SPUTNIK/AFP via Getty Images U.S. merchandise trade with the world i...
China Appears To Ditch Zero-Covid In Overhaul To Pandemic Rules
Topline China on Wednesday announced it would ease some pandemic restrictions across the country, including harsh quarantine measures and lifting some barriers to travel between regions, signaling a s...
China eases Covid restrictions on travel and production
BEIJING — In a significant easing of Covid controls, the Chinese government said Wednesday that people will no longer need to show negative virus tests or health codes in order to travel between diffe...
Profitability Coming For World’s Airlines In 2023
(Photo by David Purdie/Getty Images) Getty Images Willie Walsh, director general of the International Air Transport Association (IATA), a trade association representing the global airline industry, is...
China Eases Covid Restrictions Again In Preparation For Economic Recovery
Epidemic control workers wear protective equipment to prevent the spread of Covid-19 as they guard in an area under lockdown on December 1, 2022 in Beijing, China. Kevin Frayer/Getty Images The Chines...
Bitcoin Mining Difficulty Observes Sharpest Drop Since China Ban
Data shows the Bitcoin mining difficulty has just observed its sharpest plunge since the aftermath of the China ban. Bitcoin Mining Difficulty Sees Largest Downwards Adjustment Since July 2021 As per ...
Court in China Recognizes NFTs as Virtual Property Protected by Law – Regulation Bitcoin News
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a...
Mainland Investors Buy The Dip As COVID Rollback Rolls On
China Last Night KraneShares Key News Asian equities were largely lower, as the Philippines had a great day and China posted a small gain. Hong Kong was off overnight though not nearly as much as US l...
9 years ago China banned Bitcoin, yet still remains a silent BTC whale
Although China started to restrict the use of cryptocurrencies, primarily Bitcoin (BTC), as early as 2013, it has since unwittingly attained and maintained the status as a silent crypto ‘whale’, ironi...
TSMC Plans $40 Billion US Investment As Biden Visits Arizona Plant
Taiwan Semiconductor (TSM) – Get Free Report, the world’s biggest contract chipmaker, is set to unveil plans for a second manufacturing site in Arizona Tuesday, taking its overall U.S. in...
Mu Changchun Leads the China Team Winning the Global CBDC Race – Most Influential 2022
In such an atmosphere, determining who to credit for China’s CBDC development can be difficult because of the nation’s famously opaque government. However, there is Mu Changchun, who has worked as the...
Dow Jones Falls On Mixed Data; Will Apple Buckle Under China Exit?
The Dow Jones Industrial Average deepened losses throughout Monday and ended near session lows at 1.4% at closing bell. X The S&P 500’s fall of 1.8% was steeper at 4 p.m. ET. The index ̵...
Nio, Alibaba, Bilibili among China stocks set for another rally as Covid controls ease
U.S.-listed shares of Chinese internet and electric-vehicle stocks are enjoying a sharp rally yet again in premarket trading Monday amid reports that officials in the country were easing pandemic rest...
Tesla, VF Corp, Marriott, MGM and more
A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. Annegret Hilse | Reuters Check out the companies making headlines in midday trading. Tesla –...
Top China Stocks To Buy And Watch Now: 5 Stocks For November
China is the world’s No. 2 economy and home to dozens of companies that trade in the U.S. Right now, JD.com (JD), Pinduoduo (PDD), Canadian Solar (CSIQ), Daqo New Energy (DQ) and Trip.com (TCOM)...
Internet & Reopening Plays Roll On
China Last Night KraneShares Key News Asian equities were mostly higher as Hong Kong and Mainland China outperformed while Thailand was on holiday for the late King Bhumibol Adulyadej’s Birthday. The ...
The U.S. has twice as many unicorns as China and India combined
With the prevailing global economic turmoil, most start-ups have shed a significant share of their valuations as investors stay back, awaiting normal conditions to resume. Despite the general market c...
World’s Biggest iPhone Factory Will Restart Full Production By Early January After Protests, Reports Says
Topline The world’s largest iPhone manufacturing facility in Zhengzhou, China will resume full production between late December and early January, according to Reuters, after a worker revolt at the pl...
China Relaxes Covid Curbs. But Is Now The Time To Buy Stocks?
Healthcare workers exit a locked down neighborhood in Shanghai’s Huangpu district after spraying disinfectant. STR/AFP via Getty Images China is finally shifting away from some of its strictest ...
Stocks Slip as Yields Rise, China Optimism Fades: Markets Wrap
(Bloomberg) — Early optimism on moves by China to further ease Covid restrictions faded, as the path of American rate policy stifled potential gains in European equities and US futures. Most Rea...
iPhone Maker Wistron Warns Electronics Supply Chain Shifts Face Talent, Parts Obstacles
Wistron Chairman Simon Lin. Wistron Violent protests and labor disputes in China at the world’s biggest iPhone plant made global headlines last month. Worries about lower-than-expected deliveries at t...
Joint Fight Against Cancer Can Help Re-Energize U.S.-China Ties, Kevin Rudd Says
Asia Society CEO Kevin Rudd. Photographer: Wei Leng Tay/Bloomberg © 2021 Bloomberg Finance LP Collaboration in the fight against cancer represents an important opening for the U.S. and China to re-ene...
China Stocks Climb, Yuan Rises Past Key Level on Reopening Shift
(Bloomberg) — Chinese equities rose and the yuan jumped past the closely watched 7-per-dollar level for the first time since September, as authorities accelerated a shift toward reopening the ec...
Oil Jumps as China Loosens Curbs and OPEC+ Keeps Output Steady
(Bloomberg) — Oil surged after OPEC+ kept oil output steady, sanctions on Russian crude kicked in, and China made further progress toward reopening. Most Read from Bloomberg West Texas Intermedi...
Apple Stock Slumps Due To Production Delays Of New iPhones In China
| Getty Images Key Takeaways Apple’s stock dropped on November 28 due to news of production issues at the Foxconn factory in Zhengzhou, China. The company declined to comment on the Bloomberg report t...
OPEC+ Pauses as Russia Sanctions and China Covid Rules Roil Crude Markets
(Bloomberg) — OPEC+ responded to surging volatility and growing market uncertainty by keeping its oil production unchanged. Most Read from Bloomberg The outcome of the brief online meeting on Su...
Stock Market Investing Action Plan: Blue Chips, China Stocks Constructive As Dow Eyes 35,000
A positive, if bumpy, week left the stock market’s uptrend intact. The Dow industrials are now pursuing the 35,000 level as an increasing number of blue chips sketch constructive-looking charts....
China Traders Hunt for Long-Term Reopening Winners After Frenzy
(Bloomberg) — As China’s reopening starts to take shape, investor focus is increasingly seen shifting from frenzied stock bets to longer-term plays such as consumer and health-care shares. Most ...