While the financial industry is experiencing ruthless backlash from the loss of value in cryptocurrencies, especially the heralded stable coins, the Biotechnology industry is positioning itself for su...
Tag: China
Boeing Stock Soars On China 737 Max Test Flight, Plane Demand Bets
Updated at 1:25 pm EST Boeing (BA) – Get The Boeing Company Report shares powered higher Wednesday amid news that a key China carrier conducted test fights of the planemaker’s troubled 73...
No Medium-Term Lending Facility Rate Cut But Online Retail Sales Pick Up
China Last Night KraneShares Key News Asian equities were a sea of red excluding Hong Kong and China, which posted gains. The PBOC kept the 1-year medium-term lending facility rate at 2.85% despite th...
Luxury brands say China’s latest Covid wave whacked consumer demand
China’s retail sales plunged 11.1% in April from a year ago as Covid controls kept many people at home and malls closed. Pictured here is a luxury store in Shanghai on June 4, 2022, just a few d...
As The World Tightens, China Prepares To Ease
Key News Asian equity markets were off following yesterday’s US equity market meltdown, as Australia reopened with a thud while China and Hong Kong outperformed. Both Hong Kong and China were down nea...
Nearly all factories in Shanghai resume work as Covid controls ease
German automaker Volkswagen is one of state-owned automaker SAIC’s foreign partners in China. Pictured here on June 7, 2022, is the joint venture’s factory in Shanghai. Qilai Shen | Bloomb...
BYD sold so many EVs it’s one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric ca...
China Stocks Drop In U.S. Ahead Of Fed Action On Inflation; Alibaba, BiliBili Plunge 10%
It was a rough day for U.S. investors in China stocks. (Photo by Noam Galai/Getty Images) Getty Images Shares in many of China’s best-known companies plunged on the Nasdaq and New York Stock Exchange ...
Latest Shanghai quarantines add more pressure to global supply chain
Staff members of China Post unload parcels of daily necessities for residents quarantined at home from a minivan on May 14, 2022 in Shanghai, China. Tian Yuhao | China News Service | Getty Images The ...
Mainland Investors Buy The Dip In Hong Kong
China Last Night KraneShares Key News Asian equities didn’t forget about Friday’s US CPI print nor the ECB’s rate hike language leading to a similar fall as we had in Europe and the US Friday. Bitcoin...
Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market,...
China ride-hailing giant Didi to start trading on OTC market after NYSE delisting, ending an 11-month fiasco that angered Beijing
Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock...
Asia In The Global Book Market
Dolly Parton and James Patterson discuss their new book “Run, Rose, Run: A Novel” during the 2022 … [+] SXSW Conference and Festival in March. Patterson’s books sell well globa...
Dan Yergin Talks Oil, Gas, Putin, And Living His Book, ‘The New Map’
Dan Yergin, vice chairman of S&P Global, during a Bloomberg Television interview on day three of the … [+] World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, May 25, 2022. Photo...
These Reforms Would Increase Economic Growth And Help Alleviate Inflation
The high price of gasoline is displayed at a Los Angeles gas station on November 24, 2021. – With … [+] inflation surging ahead of the Thanksgiving holiday, US President Joe Biden has draw...
‘Jurassic World Dominion’ Shows Why Hollywood Never Needed Chinese Box Office
Chris Pratt as Owen Grady in JURASSIC WORLD DOMINION (c) 2021 Universal Studios and Storyteller Distribution LCC. All Rights Reserved. Jurassic World Dominion began its domestic box office run with $1...
Saudis Cut Oil Flows to China While Meeting Other Requests
(Bloomberg) — Most Read from Bloomberg Saudi Arabia will provide some Chinese buyers with less crude than they asked for next month, while fulfilling requests from many other customers in Asia a...
Alibaba Bounces As China Outperforms On Muted Inflation, Week In Review
China Last Night KraneShares Week in Review On Monday, it was reported that the cybersecurity review of Didi had been completed. The review’s conclusion should allow Didi, along with Full Truck Allian...
Crypto Mining in China Is Slowly Coming Back
China appears to have made something of a comeback in the digital currency mining world, and it’s the only country that seems unaware of this comeback at press time. China and Mining Appear to Be Join...
USD/CNY forecast as China economy stages a comeback
The USD/CNY pair rose for the fourth straight day after the latest Chinese trade and consumer inflation data. It rose to a high of 6.6934, which was the highest level on June 2nd this year. It has ris...
China’s Securities Regulator Denies Conducting Review Of Ant Group’s IPO
The Ant Group and Alibaba Group logos are displayed behind a reception desk at the company’s headquarters in Hangzhou, China. Qilai Shen/Bloomberg China’s securities regulator said that it isn’t...
‘Top Gun 2,’ ‘Doctor Strange 2’ And ‘Everything, Everywhere’ Pass Box Office Milestones
Everything Everywhere All At Once, Top Gun Maverick and Doctor Strange in the Multiverse of Madness A24, Paramount and Disney Skydance and Paramount’s Top Gun: Maverick earned another $12.71 million o...
The Proposed 2023 Defense Budget Doesn’t Meet U.S. Security Goals
Cover from FY23 DOD budget request DOD Will the president’s proposed 2023 federal budget allow the Department of Defense to satisfy the demands of the National Defense Strategy? The short answer is no...
Nio Q1 2022 earnings reveal wider loss
Nio’s et5 electric sedan is set to begin deliveries in Sept. 2022. Nio Chinese electric-vehicle maker Nio lost $281.2 million in the first quarter, wider than the $68.8 million it lost a year ag...
Ant IPO, Bilibili Q1, 618 Event, Nio Q1 & Inclusion
China Last Night KraneShares Key News Asian equities were lower overnight, less India as Hong Kong internet names pulled back after yesterday’s monster move (or, as my Boston friends would say, Monsta...
How Long Will The Era Of $5.00 Gasoline Last?
Gasoline $5.00 Sign getty A radio host asked me this week how long I thought the era of $5.00 gas at the pump would last. I replied that it would likely last as long as it takes for the price to rise ...
Tesla Holds Hiring Event In China After Musk’s Threat Of Layoffs And Hiring Freeze
Topline Tesla is holding an online hiring event in China on Thursday, Reuters reported citing an online post by the company, after the electric carmaker’s CEO, Elon Musk, appeared to backtrack on his ...
China SUV Leader Great Wall’s Shares Drop Nearly 5% After Latest Sales Decline
A Great Wall Motor premium brand electric sedan dubbed ‘Jijialong’ in Chinese was on display during … [+] the 19th Guangzhou International Automobile Exhibition in November 2021. (Ph...
Nio Stock Up Ahead Of Earnings; Tesla Stock Pops With China Sales Expected To Improve In May
China-based electric-vehicle maker Nio (NIO) will report first-quarter earnings early Thursday, as Covid factory shutdowns end and the company once again turns its focus to supply-chain challenges. Me...
China Stocks Thrive As Pressure Starts To Ease
China stocks in the internet sector, led by Alibaba (BABA) and Tencent Holdings (TCEHY), were having their best day Wednesday in nearly three months on signs that heavy-handed regulations are easing. ...