Tag Archives: Beijing

Chinese ride-hailing giant Didi Global will start trading on the over-the-counter market (OTC) on Monday, more than two weeks after its shareholders voted to delist the company from the New York Stock Exchange (NYSE) where it raised US$4.4 billion last year in a public listing that angered Beijing. That move was announced on Friday in the US by Chicago-based Options Clearing Corp, the world’s largest equity derivatives clearing house, which said the Chinese firm’s trading symbol will change… Source link

Team USA figure skaters Alexa Knierim and Brandon Frazier were hit with a lawsuit this week by a music group for their use of their version of “House of the Rising Sun” during the Winter Olympics in Beijing. The music group Heavy Young Heathens, which is made up of Robert and Aron Marderosian, sued the figure skating duo along with NBC and U.S. Figure Skating on Thursday for the use of the song during their short program routine in Beijing. The brothers claimed in the lawsuit, according to… Source link

ZHANGJIAKOU — There comes a moment in the life of every gunslinger when the competition’s just too young and too fast. They come for your crown and your name, and if you stick around too long, you’ll lose both. For Shaun White, the moment he realized his time was done came last November in Austria. He watched younger snowboarders pulling off tricks that were beyond the reach of his 35-year-old body. His knee hurt, his ankle hurt, his back hurt. Exhausted and defeated, sore all over, he… Source link

BEIJING — For the first time since 2014, an Olympics Opening Ceremony won’t feature the glistening pecs of multi-sport Olympian Pita Taufatofua. The Tongan Olympian in both taekwondo and cross-country skiing, Taufatofua is remaining at home in Tonga as the nation works to recover from the effects of a devastating volcano blast last month. That means viewers hoping to catch a glimpse of Taufatofua in his trademark shirtless, skirted garb — which he sported at both Summer and Winter… Source link

NBC’s broadcasters will call the Winter Olympics remotely from Connecticut rather than in person in China. ESPN has bailed on sending even a single reporter citing a “very challenging” environment in Beijing. Meanwhile, athletes, coaches and officials from around the world — unable to sit this out — are staring at the dwindling days until the Games begin and the rising reports of the Omicron variant in China and gulping with nerves. It’s not catching COVID that has people worried. It’s… Source link

The dream of seeing the best hockey players on the planet play with and against each other is dead once again. After NHL insider Chris Johnston reported on Tuesday that the league and players officially agreed to withdraw from the 2022 Beijing Olympics — confirming what ESPN’s Emily Kaplan and others reported the previous two days — the news became officially official on Wednesday. The NHL and NHLPA had until Jan. 10 to opt out without facing any kind of financial penalty. Multiple… Source link

By Julie Zhu, Kane Wu and Brenda Goh HONG KONG/SHANGHAI (Reuters) -Chinese regulators have pressed top executives of ride hailing giant Didi Global Inc to devise a plan to delist from the New York Stock Exchange due to concerns about data security, two people with knowledge of the matter told Reuters. China’s powerful Cyberspace Administration of China (CAC) has asked the management to take the company off the U.S. bourse due to worries about leakage of sensitive data, said one of the… Source link

(Bloomberg) — Chinese equities rallied by the most in ten weeks as traders turned buyers of everything from baijiu producers to construction firms on expectations of increased support for the economy. The benchmark CSI 300 Index rose 2.6%, its best day since May 25. Consumer shares led gains, with Kweichow Moutai Co. and Wuliangye Yibin Co. adding at least 4.5%. In Hong Kong, the Hang Seng Index also rebounded, rising 1%. Monday’s move higher follows a volatile week for the world’s… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link