When it was long ago revealed that an instigator of the Watergate break-in was a desire to bug the office of DNC Chairman Larry O’Brien, the joke at the time was something along the lines of “What for...
Tag: China
Dallas Mavericks Summer League Standout Moses Wright Signs Contract In China
LAS VEGAS, NEVADA – JULY 08: Carlik Jones #26 of the Chicago Bulls drives against Moses Wright #5 of … [+] the Dallas Mavericks during the 2022 NBA Summer League at the Thomas & Mack C...
Biden And Xi Talk, But Not About The Global Economic Slowdown
U.S. President Joe Biden meets with China’s President Xi Jinping during a virtual summit from the … [+] Roosevelt Room of the White House in Washington, DC, November 15, 2021. MANDEL NGAN/...
China EV Sales Set To Double As Nio Stock, Xpeng Rally On Subsidy Hope
Xpeng (XPEV), Nio (NIO) and Li Auto (LI) are gearing up to report China EV sales for July before Monday’s U.S. stock market open. Chinese EV giant BYD (BYDDF) also reports July sales in early Au...
Russian Gas Pivot Toward China Will Ease Europe’s Energy Crunch
(Bloomberg) — Russia is boosting natural gas shipments to China as it curbs flows to Europe, a dynamic that may offer some respite from the unprecedented rally in energy costs, according to cons...
Alibaba Added to SEC Delisting Watchlist. One More Reason the Stock Is Slumping.
Text size Alibaba shares have slumped since the company said it would apply for a primary listing in Hong Kong. (Photo by GREG BAKER/AFP via Getty Images) Shares of Alibaba , the Chinese e-commerce gi...
Growth Stocks Clipped, China & US Contend With Slowing GDP Growth, Week In Review
China Last Night KraneShares Week in Review Asian equities had a mixed but mostly higher week as markets digested the Fed’s rate cut of 75 basis points, as expected, on Wednesday and a bailout fund fo...
Who owns Walmart? It’s not China. A look at the biggest shareholders in the company.
Since opening in 1962 in Rogers, Arkansas, Walmart has grown to approximately 10,500 stores and Sam’s clubs in 24 countries, according to its corporate website. What started as a small shop has ...
Gloom Returns to China Stocks With Worst Monthly Loss in a Year
(Bloomberg) — Chinese stocks plunged Friday to cap a brutal month which marked the return of almost all the worries that have spooked investors for much of the past one year. Most Read from Bloo...
Biden-Xi make plans to meet, U.S. official says, Xi warns on Taiwan
U.S. President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — U.S. President...
Chinese Grocery Startup Missfresh Faces Cashflow Crisis As Suppliers Protest
A driver packs delivery orders into the back of an electric motorcycle outside a Missfresh warehouse in Beijing, on August 11. 2020. Gilles Sabrie/Bloomberg Missfresh, a Chinese grocery delivery start...
Asia’s ‘Taper Tantrum 2.0’ Bears Chinese Fingerprints
Sri Lankans sit on empty Liquified Gas Cylinders (LPG) as they block a road to protest against shortage of fuel and cooking gas in Colombo on May 13, 2022. AFP via Getty Images China’s stumble is shin...
China’s ‘Zero Covid’ Mess Is Infecting Asia’s Economies
Chinese President Xi Jinping inspects the Chinese People’s Liberation Army PLA Garrison in Hong Kong on July 1, 2022. Li Gang/Xinhua via Getty Images Ten years of President Xi Jinping trying to ...
House Approves $280 Billion Bill To Boost Microchip Production And Counter China
Topline The House passed the “CHIPS plus” bill in a bipartisan vote Thursday, sending to President Joe Biden’s desk a $280 billion package designed to boost domestic microchip production and make the ...
China Warns U.S.—Don’t ‘Play With Fire’ Over Taiwan—After Biden-Xi Call
Topline As tensions over Taiwan simmer, President Joe Biden reiterated to Chinese President Xi Jinping during a Thursday phone call that the U.S. hasn’t changed its position on Taiwan, according...
Biden & Xi To Meet, Gensler Signals Progress On Audit Deal
Key News Asian equities were mostly higher overnight except for Hong Kong and Taiwan. Biden and China’s President Xi are scheduled to meet sometime in the next few days. The two leaders are apt to foc...
China signals no big stimulus is coming, while Covid controls remain
A worker in a protective suit cleans the floor at a subway station, after the lockdown placed to curb the coronavirus disease (COVID-19) outbreak was lifted in Shanghai, China June 2, 2022. Aly Song ...
Self-driving tech company Pony.ai plans to deliver robotrucks in China
Self-driving tech start-up Pony.ai announced Thursday it plans to mass produce autonomous driving trucks with equipment manufacturing giant Sany Heavy Industry. Pony.ai BEIJING — Self-driving tech sta...
China competitiveness computer chip bill passes Senate, goes to House
The Senate on Wednesday passed bipartisan legislation aimed to help the U.S. compete with China by injecting tens of billions of dollars into the domestic production of semiconductor chips. The bill, ...
Real Estate Meeting Unsuccessful, Industrial Profits Rebound
China Last Night KraneShares Key News Asian equities were mixed overnight as China underperformed while Southeast and Northern Asia markets were slightly higher. A better-than-expected China economic ...
Former BYU Star, NBA Player Jimmer Fredette Is Shining In The Basketball Tournament
DENVER, CO – MARCH 19: Jimmer Fredette #32 of the Brigham Young Cougars runs off of the court after … [+] defeating the Gonzaga Bulldogs during the third round of the 2011 NCAA men’s...
Official explains why China CBDC should not be as anonymous as cash
China’s central bank digital currency (CBDC) should not be as anonymous as cash, the head of the People’s Bank of China (PBoC) digital currency institute declared. Digital yuan project lead Mu Changch...
Alibaba Plans to Move Its Stock to Hong Kong. Others Will Follow.
Text size Alibaba says it has filed to change its primary stock listing to Hong Kong rather than the U.S. AFP via Getty Images Alibaba Group Holding on Tuesday said it has filed to change its primary ...
Coronavirus Likely Emerged In Wuhan Market, New Studies Find
Topline A pair of studies suggest the coronavirus originally jumped from animals to humans in a market in Wuhan, not a laboratory. Two studies find that coronavirus stemmed from the Huanan Market in W...
Adidas cuts 2022 outlook on slower China recovery, potential global slowdown
Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Adidas on Tuesday cut its financial forecast for 20...
Fosun Pharma Shares Gain After Tie-Up With New Covid Drug Supplier Genuine Biotech
A silhouette of hands in medical gloves hold a medical syringe and a vial in front of Fosun Pharma’s … [+] logo. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Imag...
Provide The Airpower Ukraine Needs To Win Now
F-15 and F-16 Fighters U.S. Air Force photo Time is not on Ukraine’s side. The West’s current strategy guarantees a long, drawn-out stalemate. But airpower could change the balance of the Russia...
China Promises Privacy Protection for Digital Yuan as Adoption Spikes
China has vowed to protect the privacy of users of the digital yuan as it pushes for greater adoption, allaying fears from the country’s critics. Mu Changchun, director-general of the Digital Currency...
Rescue Fund Powers Real Estate Rebound
China Last Night KraneShares Key News Asian equities were a sea of red on light volumes following the US equity market’s Friday fall in advance of the Fed’s anticipated 75bps interest rate hike. Hong ...