Tag Archives: China

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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China EVs Are Catching Up With Tesla

TipRanks 3 Stocks Flashing Signs of Strong Insider Buying For investors, finding the right sign is part of the game. Stocks don’t necessarily pick themselves, and the investors who do pick them need to know that they’re making the right choice. Fortunately for investors – and the safety of their portfolios – there are reliable signals that a stock is worth buying. One of the best is the insider buying.Insiders are corporate officers, deeply invested in their company’s success or… Source link

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Google CEO defends US military support, downplays work in China

Rep. Matt Gaetz, R-Fla., questions Alphabet CEO Sundar Pichai over Google’s artificial intelligence work in China. Google CEO Sundar Pichai came under fire from lawmakers on Capitol Hill during a highly-publicized hearing on Wednesday for the company’s decision to pull out of bids for lucrative government contracts following employee backlash – while still carrying on some operations in China. When questioned about decisions to end a bid for the lucrative $10 billion Pentagon JEDI cloud… Source link

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