Business
TSMC to suspend production of advanced AI chips for China from Nov 11, FT reports
TAIWAN Semiconductor Manufacturing Company (TSMC) has notified Chinese chip design companies that it is suspending production of their…
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China
Business
China passes energy law to 'promote carbon neutrality'
China on Friday passed a new energy law to promote carbon neutrality, state media reported, as Beijing moves ahead with its pledge to…
Culture
Richemont profit slumps on weak China demand for luxury watches
RICHEMONT reported a slump in profit in the first half as the Swiss luxury group’s watchmaking division suffered from cooling demand in…
News
Trump win casts fresh doubts over Wall Street’s China strategy
MORE US financial firms may pull back from China, hive off local units to minimise risks or pause expansion plans on concerns about…
News
US farmers back Trump but face pain from China tariff threats
US FARMERS want something from President-elect Donald Trump that his trade policies mean he is unlikely to deliver: increased access to…
Business
China expands its EV charging network as sales surge
China had a total of 11.43 million electric vehicle (EV) charging points installed across the country as of the end of September 2024,…
Business
China tells banks to cut interbank deposit rates to boost growth
CHINESE regulators told the nation’s banks to lower rates they paid to deposits from other financial institutions to free up funds to…
News
Boeing, Airbus to share Taiwan’s China Airlines passenger jet order: sources
TAIWAN’S China Airlines is nearing a decision to split a multi-billion US dollar order for long-distance passenger jets between Airbus and…
News
China's Xi congratulates Trump, calls for "new era" of US ties
✓ Link copied to clipboard! Chinese President Xi Jinping has congratulated Donald Trump on his win in Tuesday's U.S. presidential contest.…
Business
Bulgari CEO sees China luxury market recovering in next two years
CHINA’S luxury market may recover in the next 24 months as the country’s economy bounces back, Bulgari chief executive officer…
News
Elon Musk went all-in to elect Trump. What a second Trump presidency could mean for big tech
SAN FRANCISCO — On election night, as Republican Donald Trump inched closer to reclaiming the U.S. presidency, some tech executives and…
Business
BMW profit dives, misses expectations due to weak China sales, brake issues
BMW on Wednesday (Nov 6) reported a 61 per cent drop in its quarterly third-quarter profit that missed analyst expectations because of…
Business
Toyota keeps profit outlook despite weakness in Japan, China
TOYOTA Motor kept its annual profit outlook intact despite reporting quarterly results that were dragged down in Japan and China, as the…
Business
Philippines Approves Purchase of 40 Patrol Boats Amid China Spat
(Bloomberg) -- The Philippines has approved the purchase of 40 fast patrol craft worth 25.8 billion pesos ($441 million), seeking to…
Business
PBOC head vows to boost China countercyclical monetary measures
CHINA’S central bank chief pledged to maintain an accommodative monetary policy stance and to double down on countercyclical adjustments…
Business
China's New Spaceship Is a Blatant Ripoff of SpaceX's Starship
AliExpress Starship China has showed off a concept for its upcoming Long March 9, a ultra heavy-lift reusable rocket designed to deliver…
Business
China stocks end at 4-week high as Premier expresses confidence in economic recovery
MAINLAND China stocks closed at a four-week high on Tuesday (Nov 5), after Chinese Premier Li Qiang expressed confidence in the country’s…
Business
Audi Group profit slumps on China weakness, plant restructuring
VOLKSWAGEN’S Audi-led premium brands barely eked out an operating profit in the third quarter after waning luxury spending in China and a…
News
China state-linked group accused of hacking SingTel, Bloomberg News reports
A CHINA state-sponsored hacking group had breached Singapore Telecommunications (SingTel) in June as a part of a global campaign targeting…
Business
China gives Morgan Stanley approval to launch local futures unit
MORGAN Stanley has won final approval to launch a futures business in China via a newly established unit, becoming the second major US…
Business
China's services activity picks up as conditions improve, Caixin PMI shows
BEIJING (Reuters) - China's services activity expanded at the fastest pace in three months in October, helped by early signs that…
Business
Marriott trims 2024 profit forecast on sluggish China domestic travel demand
MARRIOTT International cut its annual profit forecast on Monday (Nov 4) as weak domestic travel in China overshadows strong group and…
Business
Tesla China shipments slip 5% in october after bumper quarter
TESLA’s Shanghai factory deliveries slipped in October, the unexpected softness coming after a record quarter for China shipments at Elon…
News
China urges France to get EU to arrive at palatable EV trade solution
CHINA has urged France to take on “an active role” to push the European Commission towards a solution acceptable to both the European and…