China Tech Stocks Fall on Rising US-China Tensions: What’s Next?

[ad_1] Chinese tech stocks crashed today amid the escalations in US-China tensions following the shooting down of suspected Chinese spy balloon by the US. After the balloon incident, Secretary of State Antony Blinken also canceled his Beijing visit. US-China tensions have not come down in Biden’s tenure and if anything, they might have only increased. … Read more

Retailers offering discounts on high-end iPhones in China By Reuters

[ad_1] © Reuters. FILE PHOTO: The Apple iPhone 14 Pro is seen at the Apple Fifth Avenue store in Manhattan, New York City, U.S., September 16, 2022. REUTERS/Andrew Kelly SHANGHAI (Reuters) – Third party retailers in China are offering discounts of as much as 10% on Apple Inc (NASDAQ:)’s iPhone 14 Pro amid sluggish demand … Read more

Foxconn’s January sales surge as China COVID disruption shaken off By Reuters

[ad_1] © Reuters. FILE PHOTO: The logo of Foxconn is seen outside the company’s building in Taipei, Taiwan, Nov. 10, 2022. REUTERS/Ann Wang TAIPEI (Reuters) -Taiwan’s Foxconn, the world’s largest contract electronics maker and major iPhone assembler for Apple Inc (NASDAQ:), said on Sunday its revenue in January jumped 48.2% year-on-year, as it shook off … Read more

Japan to restrict chip manufacturing machine exports to China

[ad_1] © Reuters. FILE PHOTO: Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/Illustration TOKYO (Reuters) – Japan’s government will begin restricting exports of advanced semiconductor manufacturing equipment to China in Spring after it amends a foreign exchange law to allow the change, Kyodo News reported on Saturday. The … Read more

China must join Ghana debt restructuring effort soon, Germany’s Lindner says By Reuters

[ad_1] © Reuters. By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the embattled West African nation to form a creditor committee quickly to help it restructure its debt. “I would like to … Read more

China Jan services activity expands for first time in five months

[ad_1] © Reuters. People sit in a restaurant during Spring Festival and Lunar New Year celebrations in Beijing, China, January 23, 2023. REUTERS/Thomas Peter/Files BEIJING (Reuters) – China’s services activity in January expanded for the first time in five months as spending and travel got a boost from the lifting of stringent COVID-19 curbs, sending … Read more

Oil heads for weekly loss awaiting China recovery signs By Reuters

[ad_1] © Reuters. FILE PHOTO: The Imperial Strathcona Refinery which produces petrochemicals is seen near Edmonton, Alberta, Canada, October 7, 2021. REUTERS/Todd Korol/File Photo By Sonali Paul MELBOURNE (Reuters) – Oil prices made modest gains in early trade on Friday but were heading for a second straight week of losses, as the market looked for … Read more

Starbucks’ surprise China sales drop drags profits below estimates By Reuters

[ad_1] © Reuters. Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo Allegri By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks’ quarterly sales decline in China was four times worse than the coffee chain expected and it has no “line of … Read more