Tag Archives: Chinas

Stress in China’s Credit Market Spills Over to Financial Stocks

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by Over 80% We’re a little over one week past the Presidential election, and the market reaction shows that that investors are pleased. While the election margins were razor thin, the will of the voters came through: they rejected Donald Trump, and his brash, in-your-face style, but they also rejected the Democratic Party on policy; the Dems lost seats in the House, will likely not take control of the Senate, and also lost ground at… Source link

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China’s Oil Giant Eyes New Supertankers to Shrink Fuel Glut

(Bloomberg) — China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil. Unipec, the trading arm of China’s biggest oil refiner Sinopec Group, hired a newly-built very large crude carrier to load low-sulfur diesel in Asia for delivery to Europe. The vessel ordinarily would have sailed empty from its shipyard in Northeast Asia to the Middle East or West Africa, where it would pick up crude… Source link

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Global prospects dim for China’s tech champions as great powers clash

SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the operator of short video app TikTok, has plastered his Beijing headquarters with posters including a cover of former Google CEO Eric Schmidt’s book “How Google Works”, and has long said he will build a global firm that can compete with… Source link

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China’s growing belligerence

China has been throwing its weight around from Hong Kong to India. Why the new aggression? Here’s everything you need to know: What is China doing?In the past few months, Beijing has exploited the U.S.’s and the world’s preoccupation with the coronavirus pandemic to assert China’s hegemony throughout Asia. It has threatened or sunk boats from Vietnam, the Philippines, Japan, and Malaysia, and flown fighter jets into Taiwanese airspace eight times. It instigated a skirmish with India in the… Source link

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