According to the latest news, Tencent Holdings fell 11% Tuesday. This came after China branded the spiritual opium and electronic drugs of games. It stoking fears China will next set its sights on online entertainment. Tencent joined its competitors NetEase and XD in an abrupt sell-off in early Hong Kong trading. This came after the …
Tencent Falls Amid Fear China Will Crack Down On Gaming Read More »
Bitcoin might have experienced its most significant coordinated attack during the last several months. However, the investor community did not capitulate in this instance. After giving miners notice, China completely banned mining in most regions, which caused the single most considerable mining difficulty adjustment. However, the situation of Bitcoin seemed already damaged after Elon Musk …
China is considering increasing taxes on steel exports to fulfil the twin aims of limiting domestic output and taming rising costs, fueled inflation fears. According to two persons familiar with the situation who asked not identified because they are not authorized to speak to the media, potential rates are being discussed, ranging from 10% to …
A new alliance is coming together to confront the global threat posed by cyberattacks sponsored by China. An alliance consists of NATO member states. The United States, with allies, including the European Union, Britain, Canada, Australia, New Zealand and Japan, are blaming China’s Ministry of State Security for a massive cyberattack on Microsoft Exchange email …
U.S., NATO and EU Accuse China of A Cyberattack on Microsoft Read More »
Regulators ordered property developers to disclose their commercial paper issuance details every month. Hence, on Friday, July 16, China stocks fell. The Shanghai Composite Index lost 0.29%, with a net change of $10.18. This sent the stocks to the bottom at $3,554.41 per share. Likewise, the Shenzhen Component Index also declined 0.52%, with a net …
China Stocks Fell, Regulators Ordered to Disclose Paper Debt Read More »
Prices for commodities ranging from corn to copper to oil skyrocketed in the first half of 2021 due to pent-up demand and supply bottlenecks caused by the COVID-19 epidemic. According to Saad Rahim, chief economist of Trafigura, the rally’s dynamics are shifting. Additional broad-based increases appear likely, one of the world’s major commodity-trading firms. China …
Oil May Reach $100 as The Commodities Boom Moves Away from China Read More »
Nexperia has revealed its plans on Monday to acquire Britain’s largest chip producer, Newport Wafer Fab. Remarkably, Nexperia is a Dutch chip company owned by China’s Wingtech. The company became NWF’s second-largest shareholder in 2019. According to Nexperia, the acquisition will help it to make more chips and meet skyrocketing demand. Nexperia’s chief operations officer, …
China-Owned Nexperia Acquires the UK’s Biggest Chip Producer Read More »
China cracked down on bitcoin again, but the question is: why is it happening now? The calendar might have a clue. The Chinese Communist Party celebrates its 100th anniversary in Jul. 1. It is plausible that Chinese authorities might send a strong warning to the crypto industry. This theory is already circulating privately in the …
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