A pedestrian walks past the Shanghai Stock Exchange in Shanghai in 2020. (Photo by HECTOR … [+] RETAMAL/AFP via Getty Images) AFP via Getty Images Bellwether China stocks fell anew in the U.S. t...
Tag: China
Taiwan’s ‘biggest offshore wind farm’ generates its first power
An offshore wind turbine in waters off Taiwan. Taiwan’s Ministry of Economic Affairs says it’s targeting 20% renewable energy generation by the middle of this decade. Billy H.C. Kwok | Blo...
Coach Owner Tapestry Chooses Hainan As HQ For China Travel Retail
Shoppers wearing surgical masks walk by a Coach store in the Central Business District of Hong Kong. … [+] (Photo by Ben Marans/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket ...
Buyers Strike As CSRC Recommends Raising Equity Allocations
China Last Night KraneShares Key News Asian equities had a mixed day as Japan and India rebounded while Hong Kong, China, and the Philippines were down/underperformed. Going into today’s session, we k...
U.S. 10-year Treasury yield climbs, here’s what it means for China
BEIJING — The rapid rise in the U.S. 10-year Treasury yield to three-year highs has erased its gap with its Chinese counterpart, something that hasn’t happened for more than a decade. As the yie...
Tesla Tops Q1 Earnings Forecast, Record Sales, Improving Margins
Updated at 5:15 pm EST Tesla (TSLA) – Get Tesla Inc Report posted stronger-than-expected first quarter earnings Wednesday, with record revenues and a big jump in profit margins, as the clean-en...
Trading the winners and losers from the dollar at two-year highs
Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market ...
JPMorgan Loses Lead Role on China Deal After ‘Uninvestable’ Call
(Bloomberg) — JPMorgan Chase & Co. was removed as the most senior underwriter for Kingsoft Cloud Holdings Ltd.’s Hong Kong stock offering after one of the bank’s analysts cut the share-price...
Pandemic Demand Destruction No Match For Supply Shortages
TOPSHOT – A man wears a protective face mask on the promenade of the Bund along the Huangpu River in … [+] Shanghai. (Photo by Hector RETAMAL / AFP) (Photo by HECTOR RETAMAL/AFP via Getty ...
U.S. Must Approach Solomon Islands With More Wisdom Than China
BEIJING, Oct. 9, 2019 — Chinese President Xi Jinping meets with Solomon Islands’ Prime Minister … [+] Manasseh Sogavare at the Diaoyutai State Guesthouse in Beijing, capital of China, Oct....
Shanghai’s Covid Lockdown Deals A Blow To Elon Musk’s Tesla Production Goals
Workers at Tesla’s Shanghai Gigafactory build a Model 3 electric sedan. Newscom Tesla looks set for a year of dramatic growth amid spiking demand for its electric vehicles and the addition of tw...
China Central Television (CCTV) Set To Roll Out Third NFT Series Soon
CCTV chooses the occasion of the seventh China Space Day for the release of its third NFT series. The third NFT series would be taken out of the box on the Top Holder marketplace. As China...
Markets Wait For PBOC, Internet Stocks Play Catch Up
China Last Night KraneShares Key News There was a strong storm in NYC last night. The wind howled like a hurricane, waking me up several times. My patchy sleep was similar to Asian markets, which were...
European Carmakers Will Report Impressive Profits, But War Ruins Short Term Prospects
Aerial view new cars for sale stock lot row, New Cars dealer inventory import export business … [+] logistic global. getty Europe’s automakers will report strong profits for the first quarter in...
Saxo Markets Selects Ken Shih to Lead Digital Wealth Services in Greater China
Saxo Markets, the licensed subsidiary of Saxo Bank, a fintech specialist that connects people to investment opportunities in global capital markets, has appointed Ken Shih the Head of Wealth Managemen...
Tim Tu, CEO of Credit Suisse Securities in China Has Stepped Down
Tim Tu, the Chief Executive Officer (CEO) of Credit Suisse’s securities joint venture in China has stepped down. Tu will seek other opportunities in Credit Suisse. Daniel Qiu is currently acting as th...
Audi’s new concept car is a ‘lounge on wheels’ for city travelers
Audi electric Urbansphere concept car Audi Audi is adding a “lounge on wheels” to its recent portfolio of electric concept vehicles that are designed to portray the German automaker’...
Investors cautious on China markets amid growth concerns, delisting fears
While mainland Chinese stock fund held onto inflows, European stock funds saw billions of dollars in net outflows in the first quarter, with declines in Japanese stock funds as well, according to EPFR...
China’s ‘Zero-Covid’ Crackdown Threatens Global Economy
Chinese President Xi Jinping attends the 16th G20 Leaders’ Summit via video link in Beijing, capital of China, Oct. 31, 2021. Yue Yuewei/Xinhua via Getty Images When Group of 20 officials meet t...
Japan Looks to Sweden for CBDC Approach, Not China
The Bank of Japan will shape the implementation of its CBDC pilots after Sweden’s steady approach, not China’s large pilot programs. Officials also said that it would only make a decision on the issua...
Unlike China, the Bank of Japan is Not Willing to Conduct Large Scale Pilot Tests for Digital Yen
Central banks worldwide have accelerated the developments when it comes to building their own central bank digital currencies (CBDCs). However, the Bank of Japan is not willing to press ahead with its...
Market will break out of slump due to peaking inflation: Evercore ISI
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to th...
Profit At Warren Buffett-Backed EV Maker BYD Soared In First Quarter
Warren Buffett’s Berkshire Hathaway owns 7.7% of China EV maker BYD. (Photo by Dimitrios … [+] Kambouris/Getty Images) Getty Images BYD, the China-based vehicle and battery maker backed by...
PBOC Cuts RRR After Stronger Than Expected Economic Data Release
China Last Night KraneShares Key News Asian equity markets were largely lower led by Japan, India, Taiwan, and South Korea while Hong Kong and Australia remained on holiday. The PBOC cut the bank rese...
China’s Emissions Trading System Will Be The World’s Biggest Climate Policy. Here’s What Comes Next.
China’s new emissions trading system (ETS) is already the world’s largest carbon market, three times bigger than the European Union’s. And China’s ETS is about to grow 70 percent under plans to add he...
China Q1 GDP Beats Expectations, Unemployment Rate Rises
The GDP China recorded in Q1 exceeded analysts’ expectations to rise 4.8% despite COVID-induced economic contraction affecting employment. Despite the impact of lockdowns caused by the Covid outbreak,...
Pharma Billionaire Wu Yiling Loses $1 Billion In One Day As Questions Mount Over His Covid Medicine
Traditional Chinese medicine Lianhua Qingwen produced by Beijing Yiling Pharmaceutical is seen on April 11, 2022 in Qiandongnan Miao and Dong Autonomous Prefecture, Guizhou province of China. Hu Yan/V...
China Raises Coal and Gas Output to Records After Prices Surge
(Bloomberg) — China boosted coal and gas output to record levels in March, as the nation turned to its domestic producers for security of supply after international prices skyrocketed in the wak...