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China warns BYD, rivals to self-regulate as price war heats up
Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns…
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Citi to cut 3,500 tech jobs in China in global revamp
Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5),…
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Mercedes, BMW step up response to China export curbs to avoid shortages
Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt…
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Tesla’s China shipments extend slump, bucking broader sales boom
Tesla’s vehicle shipments from its China factory fell for an eighth straight month, extending a global sales slump as chief executive…
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China considers ordering hundreds of Airbus jets in major deal
China is considering placing an order for hundreds of Airbus aircraft as soon as next month, when European leaders visit Beijing to…
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US: Stocks advance on hopes of China trade deal
Wall Street stocks bounced on Tuesday as investors hoped for upcoming trade deals to cool tensions from US President Donald Trump’s…
Business
Online broker Tiger to double Hong Kong headcount, targets offshore China wealth
Tiger Securities plans to double its headcount in Hong Kong over the next two to three years as the online brokerage targets a bigger…
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Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
Business
US: Stocks mixed as China trade tensions fuel unease
Wall Street stocks saw a mixed end to the day on Friday (May 30), as trade tensions between the United States and China heated up with…
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US: Wall St opens lower as Trump says China violated tariff terms
Wall Street’s main indexes opened lower on Friday (May 30) as trade worries deepened after US President Donald Trump accused China of…
Business
Stone Island Strengthens Commitment to China With Flagship Openings, Strategic Investments
MILAN — Stone Island hasn’t given up on China. On the contrary, it is reinforcing its commitment to that market. “China, despite the fact…
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US curbs chip design software, chemicals, other shipments to China
The United States has ordered a broad swathe of companies to stop shipping goods to China without a licence and revoked licences already…
Business
Nvidia gives solid forecast, even as China slump mars growth
Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed…
Business
HKBN CEO says China Mobile’s HK$7.8 billion offer not good enough, open to more bidders
China Mobile’s HK$7.8 billion (S$1.3 billion) takeover offer for broadband operator HKBN is not good enough and the Hong Kong-based…
Business
China raises cross-border renminbi use requirement for major banks
The sharp increase highlights Beijing’s determination to accelerate the use of the renminbi in global trade China’s central bank asked its…
Business
Malaysia’s Petronas aims for China, Vietnam expansion while seeking long-term LNG supply
Malaysia’s Petroliam Nasional, or Petronas, aims to expand its liquefied natural gas (LNG) sales into markets such as China and Vietnam…
Business
Nvidia to launch cheaper Blackwell AI chip for China after US export curbs: sources
[BEIJING/TAIPEI] Nvidia will launch a new artificial intelligence (AI) chipset for China at a significantly lower price than its recently…
Business
EV Discounts in China Reach Record High With Profits Limited to 3 Automakers
China’s EV price war is bigger than ever, but for how long? China has recently gained a reputation for offering significant electric…
Business
China publishes draft guidance for online-platform merchant fees
The Chinese regulator has published draft guidelines for fees that online platforms charge third-party merchants, an important source of…
Business
China EV maker XPeng set to turn profitable, says CGSI, lifting target price for the stock
Chinese EV maker XPeng could soon turn profitable, as strong vehicle sales and consensus-beating financials paint a bullish outlook,…
Business
Former central bank deputy governor to head Bank of China: sources
China will appoint financial veteran Liu Guiping as chairman of Bank of China (BOC), the nation’s fourth-largest state-owned bank, two…
Business
JPMorgan sees broad-based recovery, more interest in China
JPMorgan Chase is seeing a broad-based recovery in China and growing interest from foreign investors seeking to diversify, as the global…
Business
JPMorgan is long-term in China despite pressure, Dimon says
JPMorgan Chase chief executive officer Jamie Dimon said his firm is committed to long-term investments in China, despite tension between…
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US to keep China chip curbs, spurning Nvidia’s call for relief
The Trump administration will maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, a top White…