City Beijing Financial News

05.07 / 06:43

UPS Citi Citizens Waters Action NOT Why Vladimir Putin is not a pariah in China

China is presented as an exception: a peace-loving giant that seeks only to do good. Instilling cynicism about the world serves the party well. Without it, February 4th could be a ticklish anniversary for President Xi Jinping.

04.07 / 18:23

Progressive Manufacturing Free trade please

Effective 1 August, exporters of gallium and germanium in China will need a licence to ship these two precious metals used in the manufacture of semiconductors. Considering that China produces 60% of the world’s germanium, according to Europe’s Critical Raw Materials Alliance, and 80% of all gallium, Beijing’s move could hamper chip-making outside China.

04.07 / 17:47

IPO Reuters NASDAQ JPMorgan Chase Shein IPO: Firm in talks with banks, exchanges for listing, says report

China-founded online retailer Shein is in talks with at least three investment banks about a potential U.S. initial public offering.

04.07 / 17:45

IPO Reuters NASDAQ NYSE JPMorgan Chase Shein in talks with banks and exchanges about U.S. IPO-sources

By Echo Wang and Anirban Sen

04.07 / 14:45

Provident Cooper Platform Remark International At SCO, Iranian President calls for removal of dollar in transactions to form fair international system

Ebrahim Raisi on Tuesday said the Western hegemonic powers have jeopardised prosperity and the principles of fair trade by resorting to economic coercion and sanctions as he called for the removal of the dollar in transactions to form a fair international system. Raisi made the remarks while addressing the 23rd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State (CHS) presided by Prime Minister Narendra Modi via a video link as Iran became the 9th permanent member of the Beijing-headquartered economic and security bloc.

04.07 / 11:50

Target VISA CEO Matthews US measure would ban products containing mineral mined with child labor in Congo

New U.S. legislation would ban imported products containing critical green transition minerals mined by child labor in Congo

04.07 / 11:50

Waters Vietnam bans 'Barbie' movie due to an illustration showing China's territorial claim

State media have reported that Vietnam has banned distribution of the popular «Barbie» movie because it includes a view of a map showing disputed Chinese territorial claims in the South China Sea

04.07 / 11:50

Citi Target Waters expansion EU climate chief is concerned over the expansion of the coal industry in China

The European Union's climate chief has expressed concern over the expansion of China's coal industry, with the building of new coal-fired plants

04.07 / 11:49

BLOCK Manufacturing Mobile Micron China restricts exports of high-tech metals in a slap at Washington ahead of Yellen's visit

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week

04.07 / 11:49

UPS COMPOSITE Tesla DAX Stock market today: Global stocks higher after Wall St hits 15-month high ahead of holiday

Global stock markets are mostly higher after Australia's central bank kept its key lending rate unchanged and Wall Street hit a 15-month high

04.07 / 11:29

UPS Citi Fighting Tesla record high Tesla, BYD's China deliveries hit record high in Q2

By Qiaoyi Li and Brenda Goh

04.07 / 11:03

Cooper Manufacturing Remark China’s Xi says countries share responsibility to promote growth, opposes decoupling

BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes «decoupling and breaking links,» according to a CNBC translation of a Chinese-language state media readout.

04.07 / 10:23

UPS Twitter Platform Microchip Global stocks muted, Meta to unveil Twitter rival - what's moving markets

Investing.com — Global stocks search for direction with Wall Street set to remain closed on Tuesday for the July 4 holiday. Meanwhile, Meta gears up to release a platform to rival Twitter later this week in a bid to attract users unhappy with Elon Musk's management of the social media site. Elsewhere, China unveils export controls on two key minerals in the latest development of an ongoing war over microchips between Beijing and the West.

04.07 / 09:17

UPS Cooper Action peace Xi urges Shanghai alliance to 'safeguard regional peace'

Xi Jinping urged Russian, Iranian and other leaders on Tuesday to work towards safeguarding «regional peace» as he addressed a virtual summit of their Shanghai alliance. Xi «called for efforts to safeguard regional peace and ensure common security», state news agency Xinhua said, adding that he urged member states of the Shanghai Cooperation Organisation to «follow the right direction and enhance their solidarity and mutual trust».

04.07 / 09:09

BLOCK Ripple Manufacturing Assurant Samsung Micron China Restricts Exports of Two Minerals Used in High-Performance Chips

China set export restrictions on two minerals the U.S. says are critical to the production of semiconductors, missile systems and solar cells, a show of force ahead of economic talks between two rivals that increasingly set trade rules to achieve technological dominance. The minerals—gallium and germanium—and more than three dozen related metals and other materials will be subject to unspecified export controls starting Aug.

04.07 / 09:07

COST Manufacturing CEO Fighting Assurant Micron Beijing jabs in US-China tech fight with chip material export curbs

China's commerce ministry said on Monday it would control exports of eight gallium products and six germanium products from Aug. 1 to protect national security, a move analysts saw as a response to escalating efforts by the United States to curb China's technological advances. Companies caught out by the abrupt news acted to secure supplies, with one U.S.

04.07 / 07:03

COST UPS Target Digital Apple Before Apple's Vision Pro hits the shelves, lower-priced rival Xreal claims it's near 200k shipments

BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments will soon reach 200,000 units.

04.07 / 06:41

Amazon Microsoft Manufacturing DAX Microchip European stock futures mixed; U.S. holiday set to limit activity

Investing.com — European stock markets are expected to open largely unchanged Tuesday, with investors searching for cues given a light data calendar and a U.S. holiday.

04.07 / 06:23

Provident MET Digital Remark Vladimir Putin, Xi Jinping to attend virtual SCO summit hosted by PM Narendra Modi

SCO) on Tuesday will hold an online summit hosted by India seeking to expand the influence of the Eurasian group by including Iran and opening a path to membership for Belarus. China's President Xi Jinping and Russian leader Vladimir Putin will participate in the virtual summit, which will be Putin's first appearance at an international event since the short-lived mutiny by the Wagner mercenary group in late June.

04.07 / 04:19

Platform Tesla BMW Mercedes-Benz NVIDIA Audi BYD launches its most direct Tesla competitor yet

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04.07 / 02:13

Microchip China to restrict exports of chipmaking materials as US mulls new curbs

China will control exports of some metals widely used in the semiconductor industry, its commerce ministry announced on Monday, the latest salvo in an escalating war over access to high-tech microchips between Beijing and the United States. The controls, which China said were aimed at protecting national security and interests, will require exporters to seek permission to ship some gallium and germanium products.

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