China

SHANGHAI (Reuters) - Tesla (NASDAQ:)'s global job cuts are hitting China, the automaker's biggest market after the United States, affecting staff in teams including sales, two sources briefed on the matter said. CEO Elon Musk on Monday…

The FX and CFD brokerage firm StoneX has promoted Qianyue Dai as VP, Senior Manager of Retail for China and Japan. Dai’s role entails managing retail sales, institutional sales, and client management teams in the two regions. According to…

Chinese expatriates and earnings from China firms in Kenya have dipped as Beijing continues to recalibrate its relations with the continent amid high debt levels in most African countries, new data shows. The data from Johns Hopkins’…

Data from Friday from China showed new bank lending in China rose less than expected in March, although up from February. Broad credit growth hit a record low.Chinese banks new yuan loans in March were 3.09 trillion yuanfrom 1.45 trillion…

What is the MLF?The PBOC's MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of China for a period of 6 months to 1 year, as medium-term liquidity to commercial banks.The rate is…

Bitcoin and Ether spot exchange-traded funds (ETFs) are set to receive the final approvals in Hong Kong as early as Monday next week. According to a recent Matrixport report, these investment products could unlock up to $25 billion…

By Andreas Rinke and Sarah Marsh CHONGQING/BERLIN (Reuters) - Chancellor Olaf Scholz kicked off a three-day tour of China on Sunday to shore up ties with Germany's top trade partner and address rifts over issues including Chinese trade…

By Zoey Zhang SHANGHAI (Reuters) - Chinese electric vehicle (EV) maker Nio (NYSE:)'s founder called for openness in a rare speech in the United States, where politicians have been seeking to further restrict China's access to the world's…

Processors that crunch through supercomputing tasks in the blink of an eye. Batteries that recharge in a flash. Accelerated drug discovery, encryption and decryption, and machine learning. These are just a few of the possibilities that may…

Breadcrumb Trail LinksPMN BusinessAuthor of the article:The Associated PressAssociated PressPublished Apr 11, 2024  •  2 minute read You can save this article by registering for free here. Or sign-in if you have an account.Article…