GLOBEALERT
Sign in

Feed

Open sources, classified and cross-checked. 1,201+ stories.

AllConflictMilitaryPoliticsBusinessSci & TechCyberDisasterHealthWorld
24h3 days7 days30 daysAll·All regionsNorth AmericaSouth AmericaWestern EuropeEastern EuropeBalticsMiddle EastNorth AfricaSub-Saharan AfricaSouth AsiaEast AsiaOceania
BUSINESSJul 6China’s Biren seeks US$900m to fund GPU push and challenge Nvidia amid AI boomChinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) to boost production of its graphics processing units (GPUs), joining a fierce domestic battle to capture Nvidia’s market share in the country amid a global AI boom. The company, which went public in Hong Kong in January, announced that it would issue 153 million new shares at HK$46.2 each, representing a 9.9 per cent discount to the stock’s closing price of HK$51.3 last...South China Morning Post
BUSINESSJul 6Can China’s budget brands crack developed markets? Mixue shows it won’t be easyThree months after moving from China to Japan, Alisa Lin has yet to buy a single drink from Mixue – the Chinese ice cream and tea giant – despite being a frequent customer back home, where a cup costs under five yuan (73 US cents) during promotions. “It’s not a very popular brand here. Only one of my friends in Japan has ever bought it,” Lin said, adding that value for money was the main consideration behind her own consumer choices in Tokyo. While Mixue’s basic teas are cheap, a plain bubble...South China Morning Post
BUSINESSJul 5Weekend - China Wang Yi seeks closer EU business ties ahead of summitChina's Wang Yi sought to strengthen business ties with the EU in advance of an upcoming summit. This indicates ongoing diplomatic efforts to foster economic cooperation.investinglive.com
BUSINESSJul 5China car exports jump 73 % in May as high fuel prices raise interest in EVsChina's car exports increased by 73% in May, driven by high fuel prices boosting interest in electric vehicles. This indicates significant growth in the automotive export sector and a shift towards EVs.agrinews-pubs.com · United States
BUSINESSJul 5China’s rare earth industry has critical weakness, researchers warnChina’s dominance in rare earth mining, refining and exports has long been viewed as a strategic advantage. But a new study by Chinese researchers argues that the country’s rare earth industry has its own critical weakness. “China is not in a leading position in mastering key core technologies in certain fields,” the researchers wrote in the paper. Published in the latest issue of the Bulletin of the Chinese Academy of Sciences, the study shifts the focus away from resource reserves and...South China Morning Post
BUSINESSJul 5Wall Street banks recover in China amid trading boomChina securities units of Goldman Sachs, Morgan Stanley and JPMorgan posted record profits last yearFinancial Times
BUSINESSJul 5U . S . Power Spending on Coal and Gas Set to Surpass China as Data Center Demand Drives $50 Billion Investment – NaturalNews . comU.S. power spending on coal and gas is projected to exceed China's, driven by a $50 billion investment largely due to data center demand. This indicates a major shift in global energy expenditure and infrastructure development.naturalnews.com · United States
BUSINESSJul 5Cool innovation : Made - in - China appliances chill Europe heatwaveChinese-made appliances are helping to manage the heatwave in Europe. This highlights an economic trend and product demand during climate events.china.org.cn · China
BUSINESSJul 5U.S. outpacing China in fossil fuel spending for first time in decades - FTSeeking Alpha Tech
BUSINESSJul 4‘Overcapacity’ talk reflects a West irked by China’s industrial riseThere is something odd about the debate on China’s “overcapacity”. Europe says the world needs cheaper and faster clean energy deployment, yet complains when China produces the solar panels, wind turbines, batteries and electric vehicles that make this possible. Bruegel, a Brussels-based think tank specialising in economic policy, recently published a working paper, “To what extent can green infrastructure investment mitigate China’s clean-energy overcapacity?” It argues that China’s industrial...South China Morning Post
BUSINESSJul 4NIQ (NIQ) Completes Acquisition of Flywheel’s China and Southeast Asia BusinessYahoo Finance
BUSINESSJul 4More Chinese investment good for larger relationship, says India’s envoy to ChinaNoting that trade is expanding but lopsided, Ambassador Vikram Doraiswami pitches for more Indian exports to China, especially in areas such as pharmaceuticals where India is globally competitiveThe Hindu
BUSINESSJul 4Blaming China won’t bring jobs back to ‘post-industrial’ economiesAlmost anywhere you look these days, you can find claims from political, academic and other various sources that China’s supposed overproduction and exports of manufactured goods pose unfair advantages. These sources may also claim such unfair advantages justify protectionist countermeasures. But it is difficult to counter one’s own folly. For decades, the US, much of Europe and even Japan, long proud of its manufacturing skills, have prided themselves on becoming “post-industrial” and...South China Morning Post
BUSINESSJul 3New international land-sea corridor connects China's Xinjiang to AfricaThe intermodal route linking Xinjiang to Africa via the Fangchenggang Port in south China, was officially opened on Thursday.Africanews [en]
BUSINESSJul 3EU will retaliate if China misses October trade deadline, von der Leyen says"We are basically prepared for everything, and we have all the instruments on the table," Ursula von der Leyen said, hinting at retaliation against China. The EU has imposed an October deadline to secure tangible results.EuroNews [en]
BUSINESSJul 3China’s Momenta IPO oversubscribed 414 times as Hong Kong listings pack calendarChinese autonomous-driving start-up Momenta drew massive subscription numbers for its HK$5.89 billion (US$751 million) initial public offering in Hong Kong, even as it competed against five other issuers launching their IPOs at the same time. The Suzhou-based company’s bookbuilding closed on Friday. Preliminary figures showed that it attracted nearly 210,000 subscription applications, with the public offering subscribed 414 times, according to people familiar with the matter. Sponsored by China...South China Morning Post
BUSINESSJul 3China’s BYD surpasses Tesla to regain lead in global EV raceChina’s electric vehicle (EV) king BYD has leapfrogged once more over Tesla to become the world’s largest battery-powered car manufacturer, spurred by its surging overseas shipments, despite posting an 8.2 per cent year-on-year drop in deliveries. As BYD gained the upper hand in the race against the US carmaker, it is the latest signal that China’s prowess in EVs is increasingly recognised by consumers around the globe amid an energy crisis. Tesla said in a statement on Thursday that it had...South China Morning Post
BUSINESSJul 3China-EU trade, Xi touts ‘global influence’, Nato summitChina told the European Union that it is willing to increase purchases of EU goods to help pare a massive trade gap, potentially easing the risk of a trade war. Commerce Minister Wang Wentao suggested that China is open to purchase agreements covering European goods in trade talks this week with EU trade chief Maros Sefcovic, the South China Morning Post reported, citing unidentified people briefed on the discussions. Lower tariffs on EU imports were also discussed (see trade talks joint...South China Morning Post
BUSINESSJul 3Unitree IPO to test valuations as venture capital floods China roboticsUnitree Robotics has secured approval from China’s securities regulator for a Shanghai initial public offering that is poised to set a valuation benchmark for China’s sizzling embodied AI sector. The nod from the China Securities Regulatory Commission came about a month after the Hangzhou-based company cleared a review by the Shanghai Stock Exchange’s listing committee. Unitree is now finalising its underwriting plan, pricing and share subscriptions for a potential debut as early as late...South China Morning Post
BUSINESSJul 3China’s services sector remains resilient in June, beating market forecastsChina's services sector demonstrated resilience in June, surpassing market forecasts. This indicates stronger-than-expected economic performance in a key sector.Seeking Alpha Tech
BUSINESSJul 3DBS China unit to raise US$295mil from bond sale, term sheet showsSINGAPORE: DBS Bank (China) Ltd, the mainland China unit of Singapore's DBS Group, plans to issue 2 billion yuan ($295 million) of onshore Tier 2 capital bonds, according to a term sheet on Tuesday.thestar_my · malaysia
BUSINESSJul 2China signals openness to reducing gaping EU trade surplus as Brussels toughens stanceChina told the European Union that it is open to exploring ways to cut its massive trade surplus with the bloc during talks in Brussels this week, according to multiple people briefed on the discussion. Chinese Commerce Minister Wang Wentao signalled to EU trade chief Maros Sefcovic that China was willing to consider purchase agreements covering European goods. The discussions touched on lowering tariffs on EU-made goods, in a rare sign that China recognises that its billion-euro a day trade...South China Morning Post
BUSINESSJul 2SEC looks into alleged insider trades on China's brokerage crackdown - reportThe SEC is reportedly investigating alleged insider trading activities linked to China's recent crackdown on brokerage firms. This matters as it concerns potential financial misconduct and regulatory oversight in major markets.Seeking Alpha Tech
BUSINESSJul 2When and how will China ease capital controls?The China Securities Regulatory Commission recently fined three Hong Kong brokerages – Tiger Brokers, Futu Securities International and Longbridge Securities – over US$330 million for offering mainland investors access to overseas stocks without authorisation. This should not be misconstrued as a move to discourage overseas investment. It is merely an attempt to discourage mainland investors from illegal channels that violate China’s capital controls. This is evidenced by the fact that the...South China Morning Post
← NewerOlder →