Russia – Ukraine War getty Russian President Vladimir Putin’s calculated intentional attack on the sovereign nation of the Ukraine has sent the Russian stock market tumbling by more than 35% in ...
Tag: China
China refuses to call attack on Ukraine an ‘invasion,’ blames U.S.
Russia’s President Vladimir Putin is seen in his office in the Novo-Ogaryovo residence during a bilateral meeting with China’s President Xi Jinping via a video call in Dec. 2021. Mikhail M...
Alibaba Posts Lowest Growth on Record After China Crackdown
(Bloomberg) — Alibaba Group Holding Ltd. reported the slowest revenue growth since it went public, underscoring how China’s crackdown on its technology sector is taking a financial toll on the e...
China can now jail people if funds raised via crypto from public
Quick Take Chinese courts can now issue jail sentences if people raise funds via crypto from the public. The move adds legal teeth to China’s crypto crackdown. advertisement China announced powers to...
China Tech Rout Resumes on Policy Jitters Before Alibaba Results
(Bloomberg) — Chinese technology stocks tumbled by the most in seven weeks, tracking a broader selloff due to tensions in Ukraine, with investors weighing the risk of further regulatory tighteni...
Alibaba’s Earnings Are Today. What to Expect.
Text size Alibaba investors had it tough in 2021. So far, 2022 is shaping up to be better. Greg Baker/AFP via Getty Images Earnings from Alibaba will be closely watched by investors after a tumultuou...
Moody’s downgrades China property developer Shimao over debt troubles
Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgr...
Alibaba’s Quarterly Profit Is Set to Plummet 60%. Here’s Why.
Text size Alibaba earnings are due Thursday. Qilai Shen/Bloomberg Alibaba ‘s quarterly profit is expected to fall almost 60% year over year when the Chinese tech giant reports earnings on Thursday. In...
Semiconductor Stocks Soar, Asia Rebounds
China Last Night KraneShares Key News Asian equities were mostly higher, rebounding from yesterday’s downdraft and ignoring US equities’ decline yesterday. Earnings season kicked off this week in Main...
The FDA Delivered A Big Win For Innovation Against Foreign “Me-Too” Drug Makers
getty On 19 February 2022, the FDA’s Oncologic Drugs Advisory Committee (ODAC) dealt a serious blow to China’s “me-too” drug-makers hoping that China-derived data will grant them access to the US mark...
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
A security officer wearing a face mask walks in front of the Shanghai Stock Exchange building in … [+] Shanghai in 2020. (AP Photo) ASSOCIATED PRESS Shares in Jinhui Mining, a China processor of...
Russia Turns Asia Markets Red Overnight
China Last Night KraneShares Key News Asia was a sea of red overnight. Several negative headlines led to a very ugly night following an ugly day in Hong Kong on Monday. Investor’s concerns included Ru...
50 Years Ago When Nixon Went To China It Forever Changed American Business
Unimaginable then, unforgettable now. (Photo credit should read AFP via Getty Images) AFP via Getty Images It was 50 years ago – today – when Richard Nixon sat down and met face to face with Mao Zedon...
China Tells Banks, State Firms to Report Exposure to Jack Ma’s Ant
(Bloomberg) — Chinese authorities told the nation’s biggest state-owned firms and banks to start a fresh round of checks on their financial exposure and other links to Ant Group Co., renewing sc...
Tencent Leads China Tech Selloff Amid Fears of Further Crackdown
(Bloomberg) — Chinese technology shares had their worst two-day drop since July due to renewed fears Beijing may roll out more restrictions for private enterprise. Most Read from Bloomberg The c...
The Lesser Known Border Dispute
While the world awaits the next steps in the Russian-Ukrainian crisis, there is another border dispute that is not as widely discussed. India and China share a 2167-mile border, which the two countri...
Big Bets on China Green Stocks Drag Down Top Asia Funds
(Bloomberg) — Asia’s best-performing equity funds of last year have now tumbled to near the bottom of the pile as their bets on China’s green energy rally turn sour. Most Read from Bloomberg Dri...
‘Uncharted’ Ends Video Game Movie Curse With $106M Worldwide Weekend
Mark Wahlberg and Tom Holland in ‘Uncharted’ Sony Sony’s Uncharted overperformed this President’s Day weekend, earning a rousing $44 million over its Fri-Mon frame and a likely $51 million...
Finnish Skier Remi Lindholm Suffers Frozen Genitals At 2022 Winter Olympics
Remi Lindholm of Team Finland finished 28th in the 50 km men’s cross country skiing race at The … [+] National Cross-Country Skiing Centre in Zhangjiakou, China. (Photo by Maja Hitij/Getty...
Haidilao Sees Up To $710 Mln Loss
The logo for the Haidilao hotpot restaurant, China’s biggest hotpot restaurant chain. Photographer: … [+] Anthony Kwan/Bloomberg © 2018 Bloomberg Finance LP Following Yum China and Starbuc...
Channing Tatum’s ‘Dog’ Nabs Terrific $18M Weekend
Channing Tatum in ‘Dog’ © 2021 Metro-Goldwyn-Mayer Pictures Inc. All Rights Reserved. In non-Uncharted news, MGM’s Dog overperformed this weekend with a strong $15 million Fri-Sun/$18 mill...
‘Uncharted’ Unearths Boffo $15.4M Friday As ‘Dog’ Earns $5M
Mark Wahlberg and Tom Holland in ‘Uncharted’ Sony In the “before times,” as in before 2016 when the bottom fell out on studio programmers due to competition from streaming and VOD, I...
China out of action as BTC mining hash rate at all-time high
BTC mining hash rate has reached its peak after China’s exit from the business China was once a dominant player in the BTC mining industry The mean seven dat hash rate stands at 215 EH/s according t...
Texas Provides Model For Much-Needed Supply Chain Overhaul
Emily Pickrell, UH Energy Scholar US President Joe Biden holds a microchip as he speaks before signing an executive order on securing … [+] critical supply chains, in the State Dining Room of th...
Crypto May Not Yet Be Illegal In China; Here’s Why
There may still be a glimmer of hope for the crypto industry in China. Zhejiang, a province in eastern China, has sparked speculation that Bitcoin and other cryptocurrencies may not be completely kick...
Meituan Shares Fall On NDRC Guidance, Week In Review
Week in Review Asian equities began the week lower as investors globally were risk-off on concerns about the Russia/Ukraine conflict. However, most major Asian indexes gained some ground back later in...
J&T Express Raises $2 Billion In Latest Funding From Temasek, Other Investors Ahead of Hong Kong IPO
The reception area for Temasek Holdings. ROSLAN RAHMAN/AFP via Getty Images Delivery company J&T Express raised $2 billion in a funding round late last year from Temasek Holdings, Hillhouse Capita...
Bitcoin Miners Don’t Need China, Hash Rate Hits All-Time High
The Bitcoin network has hit an all-time high in terms of hash rate which has now surpassed the highs it had when China dominated for mining and hash power. On-chain metrics for the Bitcoin network hav...