Tag Archives: China

China opens door to Ant Group’s stock market debut

TipRanks J.P. Morgan: 2 Auto Stocks That Can Charge Forward in 2021 The US auto industry is looking up, despite the COVID pandemic – and that has car watchers and Wall Street analysts alike moving toward a cautious optimism. Customers are starting to buy cars again, as shown by Toyota Motor’s December figures: The company reported sales of 249,601 vehicles, up 20.4% year-over-year. Now, with vaccination rates increasing and better spring weather just a couple of months away, the car… Source link

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China accuses US of show of force with Taiwan Strait passage

National Review The Bill Is Coming Due for China’s ‘Capitalist’ Experiment The Chinese Communist Party (CCP) has re-awoken to a profound truth: Rich, secure capitalists are the natural enemies of authoritarian regimes. In a hybrid autocratic-capitalist model, capitalism is the means to generate wealth, but power is the end goal. Successful capitalists naturally begin to demand that their personal and property rights be protected from authoritarian fiat. Capital in the hands of… Source link

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China financial regulators urges Ant Group to set ‘rectification’ plan swiftly

BEIJING (Reuters) -China’s financial regulators urged Ant Group on Sunday to outline a concrete plan as soon as possible to meet regulatory demands and fully understand the seriousness of the “rectification” work it needs to perform. The central bank, banking, securities and foreign exchange regulators urged Ant to rectify illegal financial activities, including in its credit, insurance and wealth management businesses, and regulate its credit rating business to protect personal information,… Source link

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Digital sales and China emerged as the twin pillars lifting Nike’s Q2 earnings – Yahoo Finance

TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link

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Nike Q2 results top estimates as digital sales, growth in China help fuel recovery

TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link

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China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations

TipRanks Billionaire David Shaw Bets Big on These 3 Healthcare Stocks The last few months have seen high volatility and a rising market trend, as one of the biggest sources of uncertainty – namely, the election campaign – has worked itself out. The current political climate is viewed as favorable for healthcare investment – tax increases and further regulations on drug price, anticipated before the elections, when prognosticators expected the Democrats to ride a ‘blue wave’ to an… Source link

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China, Bitcoin, Taxes, Stablecoins and More

While 2020 has been a very difficult year, it has, ironically, been a catalyst year for fintech and crypto. And there are no signs of the momentum slowing down in 2021! Henri Arslanian is Global Crypto Leader, PwC and an Adjunct Professor, University of Hong Kong. Here are my 10 crypto predictions for the coming year: 1. China leading the CBDC and future of money race As we predicted last year, 2020 was a banner year for central bank digital currencies (CBDCs). With 80% of central banks active on… Source link

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China prepares large-scale rollout of coronavirus vaccines

TAIPEI, Taiwan (AP) — Provincial governments across China are placing orders for experimental, domestically made coronavirus vaccines, though health officials have yet to say how well they work or how they may reach the country’s 1.4 billion people. Developers are speeding up final testing, the Chinese foreign minister said during a U.N. meeting last week, as Britain approved emergency use of Pfizer Inc.’s vaccine candidate and providers scrambled to set up distribution. Even without final… Source link

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Australia demands China apologise for posting ‘repugnant’ fake image

Scott Morrison said the post was a “shameful” and “appalling” action Australia has demanded China apologise for posting a fake picture on a government Twitter account that depicted an Australian soldier murdering an Afghan child. Prime Minister Scott Morrison said Beijing should be “utterly ashamed” for sharing the “repugnant” image. It comes amid escalating political tensions between the two countries. The image referred to alleged war crimes by Australian soldiers – murders of Afghan civilians… Source link

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Apple earnings top expectations but sales drop in China, iPhone sales weighs on stock

Apple (AAPL) reported fiscal fourth-quarter earnings after market close on Thursday that topped expectations, with sales from the company’s services offerings and Mac computers hitting quarterly records. However, shares traded lower by more than 3% immediately following the report, as investors focused on a worse-than-expected drop in iPhone sales during the third quarter, and a steep decline in sales in China. The results came just weeks following Apple’s highly anticipated unveiling of… Source link

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