Asian Superpower has already shut down all cryptocurrency-related operations from its use to its mining last year. Since China stopped operations related to digital currencies from its use for transa...
Tag: China
Oil Market Rollercoaster Continues To Cause Economic Pain
WASHINGTON, DC: White House Press Secretary Jen Psaki speaks during a White House daily news … [+] briefing at the James S. Brady Press Briefing Room of the White House in Washington, DC. (Photo...
Dow Jones Surges 400 Points On China And ‘More Realistic’ Russia-Ukraine Talks
The Dow Jones Industrial Average jumped Wednesday morning as Ukrainian President Volodymyr Zelenskyy described peace talks as “more realistic,” accelerating a global market rally launched ...
Dow Jones Futures: Market Rally Flashes Bullish Signal On Fed, China, Russia-Ukraine News; What To Do Now
Dow Jones futures rose slightly late Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally had a big day, closing at session highs amid big news from China, the Russia-U...
Another Wave In The Supply Chain Crisis Hits As New China Lock Downs And Ukraine Threaten Global Supply
“The entire supply chain is under tremendous stress right now. We’re dealing with a cascade of … [+] disruptions which is adding stress beyond what it’s already under,” says Abe Eshkenazi, Assoc...
Saudi Arabia & China in talks over yuan-denominated oil contracts, petrodollar under threat?
Saudi Arabia are again in talks with Beijing to launch yuan-denominated oil contracts, in yet another episode bound to shake up the geopolitical climate and one that could have serious implications fo...
These 3 China stocks are on sale. Are they good investments?
Chinese stocks have been in a strong bearish trend in the past few months. Indeed, the KraneShares China Internet ETF has crashed by over 70% from its highest level this year. This decline has been be...
Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
A pedestrian walks past the Alibaba headquarters building in Beijing. Sheldon Cooper/SOPA Images | LightRocket | Getty Images Shares of Chinese companies listed publicly in the U.S. surged Wednesday a...
Nvidia, Boeing, Micron and others
Check out the companies making headlines before the bell: DiDi Global (DIDI), Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – China-based stocks listed in the U.S. are staging strong rallies in premark...
South China Morning Post (SCMP) To Spin-off NFT Unit After Strong Sales
Hong Kong newspaper The South China Morning Post (SCMP) said on Wednesday it will spin off its NFT-related venture into a separate company. The unit, called Artifact Labs, will be headed by SCMP’s cur...
Alibaba, JD.com and Other China Stocks Soar. Here’s What Sparked the Turnaround.
Text size Shares in Alibaba and other Chinese companies have come under intense pressure recently. Greg Baker/AFP via Getty Images Shares in some of China’s largest companies notched eye-watering gain...
Stock Market Today: Dow Rises, Fed Decision Ahead, Alibaba and JD.com Soar
Text size Fed Chair Jerome Powell will host a press conference at 2:30 p.m. Eastern. Graeme Jennings / POOL/AFP via Getty Images Stocks were moving higher Wednesday as markets readied for a long-await...
China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Chi...
Hang Seng, China Stocks Soar as Beijing Pledges Support Amid Equity Rout
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set ...
Stocks Surge as China Vow Revives Risk Appetite: Markets Wrap
(Bloomberg) — Stocks surged Wednesday and U.S. and European equity futures rose after China unveiled a more market-friendly policy stance, boosting investor sentiment amid the uncertainty caused...
Cathie Wood Watch: Ark Buys Aerospace, China Car Maker; Sells Pharma
Star investor Cathie Wood, chief executive of Ark Investment Management, remains active in the tumultuous stock market, on Monday buying aerospace and Chinese-vehicle shares. She sold pharmaceutical s...
MSCI China index down 25%: ‘it’s a perfect storm for China’
China stocks continued to sell-off on Tuesday after Beijing refused to participate in sanctions the U.S. imposed on Russia in response to its military operation in Ukraine. China is facing three major...
‘The Batman’ Nears $500 Million To Become 2022’s Biggest Hit
Robert Pattinson in ‘The Batman’ Warner Bros. Warner Bros.’ The Batman earned another $6.37 million on its second Monday, dropping 68% from Sunday and 41% from its first Monday gross. That...
Three Of China’s Richest Lose More Than $16 Billion In One Day As Stock Rout Hits Hong Kong-Listed Companies
Tencent cofounder Pony Ma Huateng (Photo by Visual China Group via Getty Images/Visual China Group … [+] via Getty Images) Visual China Group via Getty Images The heavy selloff in Hong Kong stoc...
Jack Ma’s Ant Sells China Media Firm Shares as Scrutiny Persists
(Bloomberg) — Billionaire Jack Ma’s Ant Group Co. sold its entire stake in the tech outlet 36Kr Holdings Inc., the latest asset disposal in its bid to comply with demands by China’s regulators. ...
Relentless Selling in China Stocks Evokes Memories of 2008 Crash
(Bloomberg) — A selloff across Chinese equities deepened on Tuesday as concerns about the country’s ties with Russia and persistent regulatory pressure sent shares on a downward spiral. Most Rea...
China Faces Its Largest Covid Outbreak In Two Years As Daily Cases Double To 3,500
Topline China is facing its worst outbreak of Covid-19 cases since the early days of the pandemic in Wuhan, with the country on Tuesday reporting more than 3,500 new local cases as experts attribute t...
Fund Managers Run Away From China Stocks Even With 75% Discount
(Bloomberg) — Fund managers are leery of buying Chinese stocks as the country’s close ties to Russia, extreme Covid-19 curbs and lack of clarity on the end of regulatory crackdowns overwhelm the...
Here’s why the yuan retreated after strong China economic data
The USD/CNY soared to the highest level since January 2022 as investors reacted to the strong economic data from China. It is trading at 6.3783, which is about 1.20% above the lowest level this year. ...
Alibaba and JD.com Have Slumped. The Charts Hint When to Buy.
Chinese e-commerce stocks Alibaba (BABA) – Get Alibaba Group Holding Ltd. Report and JD.com (JD) – Get JD.com Inc. Report have had a rough run. U.S.-listed equities have struggled this y...