Reuters Banks forced to hold on to Twitter deal debt-sources NEW YORK (Reuters) -The banks providing $13 billion in financing for Tesla CEO Elon Musk’s acquisition of Twitter Inc have abandoned ...
Tag: China
Computer Chips Are No. 6-Ranked U.S. Export — But Are They Really?
Los Angeles International Airport leads the nation in exports of computer chips by value this year, … [+] accounting for 15% of the $34.4 billion total. By tonnage, Cleveland’s Hopkins Int...
Hong Kong Sees Strong Inflows From Mainland Investors, Week In Review
China Last Night KraneShares Week in Review Asian equities had a choppy week of trading as Mainland investors poured into Hong Kong stocks, awaiting the results of the 20th National Party Congress (NP...
Don’t Expect Energy Sanctions To Stop Iran’s Crackdown
The Iranian government’s violent crackdown on protests stemming from the murder of Mahsa Amini by Iran’s Morality Police is driving the West to levy further sanctions against Iran. The US Treasury Dep...
Adidas Issues Profit Warning, Blames Ongoing China Problems
German sportswear giant Adidas continues to suffer from setbacks and has lowered its guidance for the second time this year. The company’s prognosis for 2022 has fallen from an optimistic growth of 11...
China Summons Chip Firms for Emergency Talks After US Curbs
(Bloomberg) — China’s top technology overseer convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the Biden adminis...
AT&T, American Airlines, Blackstone and more
Check out the companies making headlines before the bell: AT&T (T) – AT&T rose 2.4% in the premarket after reporting better-than-expected profit and revenue for the third quarter. The company ...
European Auto Makers Face 2023 Profit Hit While Industry Seeks China Import Action
The rear of a DS E-Tense Performance electric concept car at the Paris Motor Show. The biennial … [+] Paris Motor Show is also known as the Mondial de l’automobile. Photographer: Nathan La...
Here is What Justin Sun Said Over Crypto Policy in China
Justin Sun seems optimistic about the crypto adoption in China. He shared that crypto policy in China is expected in the upcoming month. The TRON Founder, Justin Sun said in his recent interview with ...
5 Stocks Now At The “Just Get Me Out” Stage
bear getty These 5 stocks are now reaching that stage of capitalism known to insiders as the “just get me out” stage. This used to be the time when investors would call their brokers and mouth the wor...
Crypto Money Laundering Case in China Ends
A billion-dollar crypto money laundering case in China has come to an end. Authorities say they busted an illicit group of money launderers who used a total of 40 billion yuan (roughly $5.6 billion in...
U.S. Dollar Takes Center Stage
Key News Asian equities were mixed overnight on light volumes despite a strong U.S. equity performance yesterday with Hong Kong, China, South Korea, and Taiwan underperforming. Macro took center stage...
ASML expects limited impact from U.S. chip restrictions on China
ASML Holding NV (AMS: ASML) is in the green this morning after the semiconductor-equipment maker reported better-than-expected results for its fiscal third quarter on strong demand. ASML Q3 financial ...
Former British Military Pilots Are Training China’s Pilots To Fight The West
LONDON – APRIL 01: The Royal Air Force (RAF) Red Arrows fly in formation with four Typhoon aircraft … [+] over central London during events commemorating 90th anniversary of the formation ...
Healthcare Stocks Rise In Hong Kong And China; BYD Forecasts +300% Net Profit Increase
China Last Night KraneShares Key News Asian equity markets finished higher overnight as China closed mixed, which followed a strong rally in US stocks yesterday. President Xi’s Sunday speech emphasize...
New Book By FT Columnist Rana Foroohar Explains Why
Cargo ships inbound from Asia wait to dock at the Ports of Los Angeles and Long Beach. (Photo by … [+] Brittany Murray/MediaNews Group/Long Beach Press-Telegram via Getty Images) MediaNews Group...
Billionaire Justin Sun Optimistic About Crypto Policy in China, Says Country To Face Big Shift in Coming Months
Billionaire Justin Sun is expecting China to shift its policy on cryptocurrencies after banning the digital assets last year. In a new interview with Bloomberg TV, the founder of the Tron blockchain n...
Goldman Says Sell S&P 500 Calls to Fund Bullish China View
(Bloomberg) — Goldman Sachs Group Inc. said investors should sell S&P 500 Index calls and fund buying of the same options on the Hang Seng China Enterprises Index to position for a likely ca...
EV Sales Boom May Nearly Quadruple Warren Buffett-Backed BYD’s Nine-Month Profit
BYD, China’s EV leader, is making a push into overseas markets with its Atto 3 electric sport … [+] utility vehicle model. Photographer: Kiyoshi Ota/Bloomberg © 2022 Bloomberg Finance LP ...
When will Asia’s travel industry recover? Maybe as soon as 2023
A new report indicates the travel industry in Asia-Pacific may be the only one in the world to recover by 2023. This year’s “Travel & Tourism Economic Impact” report — an annual ...
China Seeks To Reduce Dependence On Dollar
China proposes an Asian-wide digital currency China aims to reduce the continent’s economic reliance on the US dollar The International Monetary Policy is also based on the US dollar China proposes an...
China Seeks to Boost Stock Market as Xi Speech Disappoints
(Bloomberg) — Chinese regulators are ramping up efforts to support the stock market, which saw little reprieve from President Xi Jinping’s speech amid continued pressure from geopolitical tensio...
Tron founder, Justin Sun, believes that crypto will return to China
Join Our Telegram channel to stay up to date on breaking news coverage Justin Sun, the founder of Tron, is optimistic that the crypto industry will return to China. China banned cryptocurrency trading...
Markets Shocked as China Postpones Release of GDP Data – Trustnodes
Market analysts have been surprised by the decision of China’s National Bureau of Statistics (NBS) to postpone the release of Q3 GDP data which was due on Tuesday. A spokesperson said that the change ...
Russia Leans on Turkey, India, China for Oil Sales Before EU Ban
(Bloomberg) — The three countries that helped Moscow to maintain crude exports in the wake of its invasion of Ukraine appear to be stepping back into the market for Russian barrels, with Turkey ...
Party Congress Speech Prioritizes The Economy
Key News Asian equities were largely higher overnight though Japan, Taiwan, and Australia were down. The key news was President Xi’s two-hour Sunday speech, which kicked off the week-long Party Congre...
J.P. Morgan’s Michael Cembalest Details The Elephants In The Energy Room
Electric power lines deep in the forest. Heavy rain clouds and mountains on the background. getty Every year for the last 12 years, Michael Cembalest, the Chief Investment Officer at J.P. Morgan asset...
Wall Street bullish on Mercedes-Benz amid strong China sales
With chip shortages hitting the car manufacturing sector, most companies revised their full-year delivery expectations, barring only a few big brand names. One such is Mercedes-Benz (ETR: MBG), whose ...
Alibaba and Other China Stocks Jump as President Xi Reassures on Tech
Shares in U.S.-listed Chinese companies were moving higher Monday as investors smiled on comments from a high-profile speech by President Xi Jinping that was supportive of the country’s technology sec...
China Stocks Fall as Xi Disappoints on Covid Policy and Property
(Bloomberg) — Chinese traders hoping for signs of a shift away from Covid Zero and further support for the ailing property sector were disheartened by President Xi Jinping speech, spurring a dec...
China Seeks To Reduce Dependence On Dollar, Proposes To Issue An Asian Yuan
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used internati...