BEIJING (Reuters) – Chinese new home sales by floor area fell 37.7% year-on-year over the week-long National Day holiday starting from Oct. 1, a private survey showed on Saturday, as tough COVID-19 curbs further dented fragile demand. The property market has lurched from crisis to crisis, with slumping sales and developers defaulting on debts, while …
China’s holiday home sales fall 37.7% y/y – private survey Read More »
By Chen Aizhu SINGAPORE (Reuters) -China has issued the first batch of crude oil import quotas for 2023, mainly to independent refiners, four sources familiar with the matter said on Saturday. The volume issued is about 20 million tonnes (146 million barrels), one source said, nearly three months earlier than usual, in an attempt to …
China releases first batch of 2023 crude oil import quotas -sources Read More »
BEIJING (Reuters) – New U.S. export controls targeting Chinese chip manufacturers are an abuse of trade measures and designed to maintain the country’s “technological hegemony”, China’s foreign ministry spokesperson Mao Ning said on Saturday. The U.S. government published a sweeping set of export controls on Friday that including a measure to cut China off from …
China says U.S. abusing trade measures with chip export controls Read More »
By Jane Lanhee Lee and Stephen Nellis (Reuters) – Deciding who gets hurt by sweeping new U.S. curbs on selling technology to China will come down in part to what constitutes a “supercomputer,” experts told Reuters. Around the world, the semiconductor industry on Friday began to wrestle with wide-ranging U.S. restrictions on selling chips and …
What’s a supercomputer? How the U.S. will decide who to punish with China tech curbs Read More »
By Mei Mei Chu YONG PENG, Malaysia (Reuters) – Malaysian research student Haziq Ramli wore an outfit resembling a light jetpack, with poles strapped to his biceps, to wield a long pole that clipped the sharp fronds and heavy bunches of fruit from oil palm trees nearly twice his height. Working on a three-acre (1.2-hectare) …
Malaysia’s palm planters eye robots, drones to combat labour crunch Read More »
By Jane Lanhee Lee and Stephen Nellis OAKLAND, Calif. (Reuters) – They did it to Huawei. They used it on Russia. Now, the United States is going after China’s advanced computing and supercomputer industry. The weapon? A little-known rule that enables U.S. regulators to extend their technology export control powers far beyond America’s borders to …
Explainer-What is ‘FDPR’ and why is the U.S. using it to cripple China’s tech sector? Read More »
(Reuters) – Cryptocurrency exchange Huobi Global said its founder had agreed to sell his controlling stake in the China-based company to buyout firm About Capital Management (HK) Co. Upon completion of the transaction, the buyout vehicle of About Capital will control the majority stake of Huobi founder Leon Li, Huobi said in a statement on …
Crypto exchange Huobi’s Li to sell his entire stake to buyout firm Read More »
SYDNEY (Reuters) – Australian software mogul Mike Cannon-Brookes was named chairman on Friday of clean energy start-up Sun Cable, which is seeking to secure funds for a proposed A$30 billion-plus ($19.3 billion-plus) solar power export project. Singapore-based Sun Cable plans to supply solar power from Australia to Singapore and eventually Indonesia through the world’s longest …
Australian tech billionaire to chair $20 billion solar power export project Read More »
By Kanishka Singh WASHINGTON (Reuters) -The U.S Defense Department added more Chinese companies, including drone maker DJI Technology and surveillance equipment maker Zhejiang Dahua Technology, to a blacklist that subjects them to an investment ban for Americans. BGI Genomics Co Ltd, which runs a massive gene databank and has DNA-sequencing contracts worldwide, and CRRC Corp, …
U.S. widens investment ban to China’s BGI Genomics, drone maker DJI Read More »
By Karen Freifeld and Alexandra Alper WASHINGTON (Reuters) -The United States on Friday added China’s top memory chipmaker YMTC and 30 other Chinese entities to a list of companies that U.S. officials have been unable to inspect, ratcheting up tensions with Beijing and starting a 60 day-clock that could trigger much tougher penalties. The new …
U.S. adds China’s YMTC and 30 other firms to ‘unverified’ trade list Read More »
