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China's Failure To Set Growth Target For 2020, Rising Geopolitical Tensions Lead To Drop In Oil Prices
Friday, May 22, 2020 - 5:13am | 292Read More...Oil prices declined on Friday when China did not set an economic target for 2020 due to the COVID-19 pandemic. What Happened The failure of China to set a growth target is leading to fears that the ongoing pandemic will have a detrimental effect on demand for oil, as China is the world...
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US, China Relations Take Another Hit Over New Hong Kong National Security Bill
Friday, May 22, 2020 - 4:10am | 448Read More...Troubled relations between the United States and China are set to worsen further as the latter brings in a new security law for Hong Kong. New Law To Target Anti-Beijing Protestors The Chinese lawmakers on Friday proposed a draft of the legislation for a national security law in the autonomous...
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China Targets Hong Kong's Autonomy After Pro-Democracy Uprising
Thursday, May 21, 2020 - 11:38am | 431Read More...China’s ruling Communist Party signaled on Thursday it is bringing Hong Kong further under its control, reports Washington Post, citing a top official. What Happened Beijing has plans to change the system that previously allowed Hong Kong to maintain a level of autonomy for 23 years. The...
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Baidu Is Weighing Nasdaq Departure: Report
Thursday, May 21, 2020 - 9:13am | 261Read More...Baidu (NASDAQ: BIDU) shares were trading lower Thursday after it emerged the company is considering leaving Nasdaq in order to boost its valuation, Reuters reported, citing three sources. The discussions are at an early stage and are subject to change, the newswire said. The Chinese...
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US Senate Passes New Regulations For Chinese Companies; Alibaba, Others Trade Down
Wednesday, May 20, 2020 - 2:03pm | 339Read More...The U.S. Senate approved a bill Wednesday that lead to the delisting of Chinese companies from U.S. stock exchanges. The China Legislation Senator John Kennedy submitted the Holding Foreign Companies Accountable Act for unanimous consent and the bill was approved without objection, reported...
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Apple Looking To Diversify Its Manufacturing Base, Will Make Headphones In Vietnam
Wednesday, May 20, 2020 - 3:28am | 341Read More...Apple Inc. (NASDAQ: AAPL) is looking to shift the manufacturing of its over-ear AirPods Studio headphones away from China. What Happened Apple will now make its new Studio range of headphones in Vietnam. This is the first time ever that the Cupertino-based tech giant has produced an entirely new...
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Luckin Coffee To Resume Trading At Nasdaq Wednesday
Wednesday, May 20, 2020 - 12:04am | 231Read More...Luckin Coffee Inc. (NASDAQ: LK) will resume trading on Wednesday, Nasdaq Inc. (NASDAQ: NDAQ) said in a statement Tuesday. The trading of the Chinese coffee chain company at the Nasdaq Stock Market was halted back in April after the disclosure of securities fraud by its Chief Operating Officer Jian...
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Tesla's Car Registrations Slumped In China In April
Tuesday, May 19, 2020 - 9:06am | 352Read More...Data indicates Tesla Inc.’s (NASDAQ: TSLA) new car registrations have declined massively on mainland China in April. What happened Tesla’s new car registrations, which include imported vehicles, fell to 4,633 units in April from 12,709 units in March, a 64% decline. Sales fall in the...
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Nasdaq To Restrict Chinese Listings With New Strict IPO Requirements: Report
Tuesday, May 19, 2020 - 6:29am | 350Read More...Nasdaq Inc. (NASDAQ: NDAQ) is bringing in new restrictions on initial public offerings in a move to curb Chinese listings on its platform, Reuters reported Monday. What Happened The new rules that the Nasdaq Stock Market operator is considering will require companies based in certain countries,...
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Bored In The House? Top Disney Exec Departs To Take TikTok CEO Job
Monday, May 18, 2020 - 5:36pm | 396Read More...Was Walt Disney Co (NYSE: DIS) executive Kevin Mayer "bored in the house" and wanting to take on a new task? That appears to be the case as Mayer has been named chief executive of TikTok and chief operating officer of its parent company Bytedance. What To Know About Mayer Mayer...
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JD.com Analysts Buy Into E-Commerce Giant's Consistent Execution Amid Uncertain Times
Monday, May 18, 2020 - 3:10pm | 764Read More...Shares of Chinese e-commerce company JD.Com Inc (NASDAQ: JD) are trading in record territory for the second straight session, thanks to strong first-quarter results. The JD.com Analysts Stifel analyst Scott Devitt maintained a Neutral rating on JD.com and raised the price target from $43 to $50....
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BofA Dissects Auto Stocks, Says Q1 Reports Mostly Better Than 'Low Expectations'
Thursday, May 14, 2020 - 4:42pm | 475Read More...The auto sector reported earnings, and the group as a whole reported "generally better" results against "low expectations," according to BofA Securities' John Murphy. The Auto Sector Recap The auto sector kicked off 2020 on a difficult note with extended COVID-19-...
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Apple Encourages Chinese Tech Company To Rival Foxconn, Aims To Foster Competition
Wednesday, May 13, 2020 - 6:49am | 381Read More...Apple Inc. (NASDAQ: AAPL) has advised aggressive Chinese technology firm, Luxshare Precision Industry Co Ltd., to make an investment in a Taiwanese metal casing provider, in order to become a rival to Apple’s longtime supplier, Foxconn. What Happened Luxshare has been in...
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Marriott International First Quarter Earnings Report; 'Another One Bites the Dust'
Tuesday, May 12, 2020 - 2:07pm | 478Read More...On Monday, shares of Marriott International Inc (NASDAQ: MAR) fell as first-quarter earnings missed expectations. Like its peers, the hotel-chain operator is bearing the weight of the pandemic that put the world under lockdown. Despite, revenue per room, as well as bookings, plunging...
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Luckin Coffee's CEO Is Out Due To Fabricated Transactions
Tuesday, May 12, 2020 - 11:49am | 254Read More...Luckin Coffee (NASDAQ: LK) board has terminated Jenny Zhiya Qian and Jian Liu from the positions of the CEO and the COO, respectively. The termination of the two positions are related to fabricated transactions disclosed April 2. The changes to Luckin's board of directors and senior...
