Foxconn pulls out of $19 billion chipmaking project in India
Foxconn says it is exiting an ambitious project to help build one of India's first chip factories.
2023-07-11 16:17
How much did Jack Ma's speech cost Ant Group? About $230 billion
Ant Group has announced a share buyback that values it at $78.5 billion, which is about $230 billion or 75% less than the valuation it fetched nearly three years ago, before its IPO was yanked by Chinese regulators.
2023-07-10 18:28
China's factory gate prices fall at fastest pace in 7 years
China's factory-gate prices fell at the fastest pace in over seven-and-a-half years in June, while consumer inflation was at its slowest since 2021, adding to the case for policymakers to use more stimulus to revive sluggish demand.
2023-07-10 15:18
South Korean shoppers hoard salt and seafood ahead of Japan's release of radioactive water
In many supermarkets across South Korea, one item has conspicuously vanished from shelves: salt.
2023-07-10 11:26
The world is big enough for US and China, Yellen says as she concludes Beijing trip
The world is big enough for both the United States and China to thrive, US Treasury Secretary Janet Yellen said Sunday as she wrapped up a visit to Beijing aimed at stablizing the relationship between the world's two largest economies.
2023-07-09 10:23
Yellen urges China to back global funds to fight climate change
US Treasury Secretary Janet Yellen urged China on Saturday to combat the "existential threat" of climate change by supporting international funds intended to help developing countries confront the crisis.
2023-07-08 13:45
Yellen expresses 'concern' about China's export curbs on strategic raw materials
Beijing's newly unveiled export controls on two strategic raw materials critical to the global chipmaking industry are a "concern," US Treasury Secretary Janet Yellen told a group of executives in China on the first day of her trip to the country, where she will try to stabilize bilateral relations after a particularly difficult period.
2023-07-07 14:55
4 things making it harder for Janet Yellen to repair the US-China relationship
As US Treasury Secretary Janet Yellen gears up Friday for two days of meetings with officials and economists in Beijing, she has a tough job: to stabilize a fractious relationship that worsened this week when China retaliated in a tech war with the United States.
2023-07-07 08:57
Exclusive-Raiffeisen delays quitting Russia as Austria defends ties -sources
By John O'Donnell and Alexandra Schwarz-Goerlich VIENNA Raiffeisen Bank International is delaying plans to leave Russia, three people
2023-07-06 16:16
Moderna inks deal to make mRNA medicines in China
US drugmaker Moderna has signed a deal to make mRNA medicines in China as part of its first major investment in the country, despite escalating trade and political tension between Washington and Beijing.
2023-07-06 14:45
Tesla's China deliveries account for more than half of global sales
Tesla's deliveries from its Shanghai factory more than doubled in the second quarter, accounting for over half of its record global sales, according to a Chinese trade group.
2023-07-05 13:48
China is lining up a Harvard-trained economist as its next central bank chief
China has named an economist who studied at Cambridge University and Harvard University to a key political post at its central bank that could position him to eventually replace governor Yi Gang.
2023-07-03 17:17