3 hours ago | 2 mins read Exchange News CZ explains that Chen is actually a coworker he met through a mutual friend. CZ responded to criticism in a blog post published by Binance on Thursday. Changpen...
Tag: China
China’s electric car companies are safe from the U.S. Nvidia chip ban
Nvidia has found success in China by selling automotive chips to the country’s electric car companies. But the U.S. semiconductor giant has been restricted from sending some products to China. S...
Credit Suisse to offer onshore wealth management services in China
Switzerland’s second-biggest bank Credit Suisse (NYSE: CS), seems to be moving ahead despite the scandals that have surrounded it, the changes in its management, and the alterations in its global stra...
Oil falls Due to USD and China Lockdowns; Gold Nears $1700
As China continues to struggle in its battle against the COVID pandemic and concerns of a worldwide recession mount as rates rise, crude oil prices are plummeting. OPEC+ is expected to discuss output ...
U.S. restricts sales of high-end chips to China: sell Nvidia stock now?
Nvidia Corporation (NASDAQ: NVDA) is down 10% on Thursday after the U.S. announced new licensing requirements on sales of sophisticated chips to China and Russia. What does that mean for Nvidia Corp? ...
Nio August EV deliveries grow while Xpeng, Li Auto fall; shares drop
Nio managed to grow deliveries of its electric vehicles in August versus July. However, rivals Li Auto and Xpeng saw a sharp fall in deliveries. EV players continue to face supply chain disruptions fo...
Tesla Stock Takes Hit From Nvidia’s Warning About Business With China
Text size Production at Tesla’s Shanghai Gigafactory could face another supply problem in coming months. Xiaolu Chu/Getty Images Nvidia ’s new chip problem can impact shares of some chip custome...
US Dollar Strength Weighs On Asia
China Last Night KraneShares Key News Asian equity markets had a poor start to September following MSCI’s rebalance at yesterday’s close. The US $ gained again versus Asian currencies as the Bloomberg...
New China Lockdown Hits 21 Million People In Chengdu Amid ‘Zero Covid’ Push
Topline Chinese officials will lock down the city of Chengdu on Thursday in an effort to curb the spread of Covid-19, confining millions to their homes and closing business in one of China’s largest a...
Where to trade Nvidia stock: the US orders company to stop selling AI chips to China
NVIDIA stock has dropped by over 5% in the pre-market trading hours today after the US government ordered both Nvidia (NVDA) and AMD (AMD) to stop selling some of their technology that can be used for...
UN Report Accuses China Of Human Rights Violations In Xinjiang
Topline China’s detention of Uyghurs and other predominantly Muslim ethnic groups in its northwestern region of Xinjiang may have amounted to international crimes—including “crimes against humanity”—a...
Uyghurs May Be Subjected To Crimes Against Humanity In Xinjiang -United Nations’ Report Finds
On August 31, 2022, the Office of the U.N. High Commissioner for Human Rights announced that it would publish its report on China after all, despite protests from the Chinese representation to the Uni...
Don’t Mistake Today’s “Whack-A-Mole” Logistics Regime For A New Era Of Global Supply Chain Management
LOS ANGELES, CALIFORNIA Container ships anchored by the ports of Long Beach and Los Angeles Getty Images The on-going rotation of congestion around the world—both within and among countries, from Chin...
Communists Might Be Managing Your Money—And Your Data
HONG KONG, CHINA – 2022/07/18: Pedestrians walk past the British multinational banking and financial … [+] services holding company, HSBC Bank branch in Hong Kong. (Photo by Budrul Chukrut...
The World Won’t Get To Net Zero Emissions Without Nuclear Power
A construction worker works on the Phase II nuclear power plant at the LingAo nuclear power plant in … [+] Daya Bay, Guangdong province, China. The LingAo nuclear power plant is an excellent exa...
Nvidia Stock Drops as U.S. Limits Exports to China. ‘Military End Use’ Is Key.
Text size Nvidia’s A100 chips ae used in data centers for high-performance applications such as artificial intelligence. Courtesy NVIDIA Nvidia can’t catch a break. Late Wednesday, the chip make...
Nvidia Warns of Sales Hit from New U.S. Chip Licensing Requirements For China
Listen to article (2 minutes) Nvidia could lose as much as $400 million in quarterly sales after the U.S. imposed new licensing requirements on shipments of some of its most advanced chips to China, t...
Outspoken China Analyst to Join Hedge Fund as Chief Economist
(Bloomberg) — Hong Hao, the former China strategist at Bocom International Holdings Co. who resigned earlier this year following bearish reports on the country, will be joining a Shanghai-based ...
Alibaba Prepares For PCAOB Audit Review, MSCI Rebalance Day Leads To High Volumes
China Last Night KraneShares Yesterday, U.S. China ADRs fell partly due to a Reuters article stating that Alibaba and JD.com will have PCAOB audit reviews. The “news,” which should be expe...
Covid Has Reached Every Corner Of The World—But These Three Places Claim To Be Virus-Free
Topline The highly transmissible omicron variant has whittled down the list of countries that have managed to escape the Covid-19 pandemic so far, breaking through the longstanding defenses of numerou...
China is set to convene a historic meeting on Oct. 16. Here’s what to expect
Chinese President Xi Jinping is widely expected to further consolidate his power at a twice-a-decade congress this fall. He is pictured here on July 1, 2022, at a swearing-in ceremony for Hong Kong...
Jim Douglas, Successful Republican In Liberal Vermont, Talks Taxes, Bernie, China, “Woke” Middlebury
In 2010, then Vermont Governor Jim Douglas, left, with President Barack Obama at the White House in 2010. Photographer: Andrew Harrer/Bloomberg *** Local Caption *** Barack Obama; Jim Douglas Bloomber...
First Solar’s Investment Thanks To Inflation Reduction Act. Can China Derail It?
First Solar, America’s premier solar manufacturer, said it will invest over a billion dollars thanks … [+] to the Inflation Reductio Act. (Photo by Robert Laberge/Getty Images for NASCAR) ...
Baidu Beats, Hong Kong Short Volume Reaches All Time High, And US Dollar Takes A Breather
China Last Night KraneShares Key News Asian equities had a strong day, less so China and Hong Kong while India outperformed as the US dollar took a breather from its recent strong run. One has to wond...
Baidu Stock Jumps After Q2 Sales Top Forecasts on Cloud Strength
Baidu (BIDU) shares jumped higher Tuesday after the China-based tech giant posted a smaller-than-expected decline in second quarter revenues as cloud sales offset persistent weakness in advertising....
UN says the global food crisis is about affordability, not availability
Food prices remain stubbornly high as Russia’s war in Ukraine drags on, exacerbating existing pressure from supply chain disruptions and climate change. The war has “put a lot of fuel on a...
Nvidia’s ‘China Syndrome’: Is the stock melting down?
Like the nuclear reactor in the 1979 film “The China Syndrome,” Nvidia Corp.’s share price and sales forecast have been melting down, and a sales ban of artificial-intelligence chips to China is the l...