By Xie Yu and Summer Zhen HONG KONG (Reuters) – Hong Kong-based hedge fund Dantai Capital is closing its main fund, saying its investment style no longer fits with current conditions in Chinese markets, according to a letter sent to investors last week. More than 90% of the fund would be liquidated over the next …
Chinese hedge fund Dantai to liquidate flagship fund Read More »
(Reuters) -China will control exports of some metals used in the semiconductor industry, ramping up a technology war with the United States and potentially causing more disruption to global supply chains. Here’s what people are saying about the measure: JOHN STRAND OF STRAND CONSULT: “Gallium and Germanium are not like the rare earths where there …
What people are saying about China’s chipmaking export controls Read More »
By Joyce Lee and Ben Blanchard SEOUL/TAIPEI (Reuters) – South Korean and Taiwanese ministers said on Tuesday the short-term impact of China’s export controls targeting gallium and germanium used in the chip industry would be limited, with a Seoul official pointing to stockpiles and alternative supplies. South Korea is a leading chip maker and the …
S.Korea, Taiwan see limited impact of China curbs on chipmaking materials Read More »
(Reuters) -Elon Musk’s Twitter has put a temporary limit on the number of tweets that users can see each day, a move that has sparked some backlash and could undermine the social network’s efforts to attract advertisers. The limit, imposed to “address extreme levels of data scraping and system manipulation”, is the latest change by …
What does Twitter ‘rate limit exceeded’ mean for users? Read More »
(Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year. Smartphones from Chinese retailers like Xiaomi and Realme have become top sellers in Russia after Samsung and Apple curbed sales in the country over …
Chinese smartphones sales exceed 70% of Russian market Read More »
(Reuters) – Alibaba Group Holding is exploring options for its video streaming platforms Youku and Tudou, Bloomberg News reported on Tuesday, citing people familiar with the matter. One of the options under consideration is to inject the assets into Alibaba Pictures Group Ltd and bolster the scope of the Hong Kong-listed company, Bloomberg reported. (Reporting …
Alibaba exploring options for video platforms Youku, Tudou -Bloomberg News Read More »
By Selena Li HONG KONG (Reuters) -HSBC’s is “open to opportunities to expand its businesses” in China after its local partner put a 31% stake in a joint venture on the block, the bank said on Tuesday. The auction of a stake in HSBC Jintrust Fund Management comes after sources told Reuters in May that …
HSBC ‘open’ to stake boost in joint venture after China partner auctions stake Read More »
By Winni Zhou and Ryan Woo SHANGHAI/BEIJING (Reuters) – China’s major state banks have lowered their dollar deposit rates for the second time in a month, seven banking sources with direct knowledge of the matter said, as authorities have stepped up efforts to arrest a slide in the yuan. Interest rates offered by the “Big …
China state lenders lower dollar deposit rates for second time in a month – sources Read More »
MOSCOW (Reuters) – Russian jeweller Sokolov has opened its first store in China, it announced on Tuesday, following through on a planned pivot to Asia as access to Western markets dwindles. Sokolov had been planning to launch a retail network in Germany last year but changed tack as Western markets shunned Russian businesses after Moscow …
Russian jeweller Sokolov opens first China store in pivot from West Read More »
By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes ended Monday’s shorter session up slightly along with U.S. Treasury yields, as investors weighed up a mixed bag of economic data ahead of second-quarter earnings and uncertainty over the direction of central bank policy. On Wall Street, Nasdaq led gains while the Dow was …
Stocks edge higher with Treasury yields in holiday-shortened session Read More »
