US extends TSMC’s waiver for advanced chipmaking gear in China
The exemption allows the world’s biggest contract chip maker to continue buying advanced chip equipment for its operations in mainland China.
China’s BYD eyes lithium assets in Brazil in EV raw-material push
BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric vehicle production outside Asia.
BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric vehicle production outside Asia.
Shanghai’s overall office vacancies continue to rise, premium areas better off
Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.
Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.
Tearful ex-girlfriend calls FTX collapse a relief in Bankman-Fried trial
Caroline Ellison said at the fraud trial on Wednesday that the collapse of FTX had lifted the ‘dread’ hanging over her.
Caroline Ellison said at the fraud trial on Wednesday that the collapse of FTX had lifted the ‘dread’ hanging over her.
Microsoft asked to pay nearly US$29 billion in back taxes in US
The software giant says it will appeal the US Internal Revenue Service’s decision that the company owes taxes from 2004 to 2013.
The software giant says it will appeal the US Internal Revenue Service’s decision that the company owes taxes from 2004 to 2013.
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China’s sovereign fund raises stake in Big Four banks in boost to stock market
Central Huijin, a unit under China Investment Corp, spent about US$65.4 million on additional shares in the nation’s four biggest lenders in the first such action since the last equity market turmoil in 2015.
Chinese phone brand Vivo vows support for executives arrested in India
Vivo, the second most popular smartphone brand in India, is among several Chinese companies that have come under regulatory scrutiny in the South Asian nation.
Vivo, the second most popular smartphone brand in India, is among several Chinese companies that have come under regulatory scrutiny in the South Asian nation.
Chinese tech start-up unveils ‘low-cost’ L2 autonomous driving systems
Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, is to offer carmakers three new driver-assistance systems it claims are cheaper and better than existing ones in what could mark a step forward in China’s push to revolutionise mobility.
Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, is to offer carmakers three new driver-assistance systems it claims are cheaper and better than existing ones in what could mark a step forward in China’s push to revolutionise mobility.
Evergrande: is founder Hui Ka-yan’s arrest linked to its US Chapter 15 filing?
Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.
Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.
Nvidia rival AMD to buy software start-up in AI chip race
AMD aims to invest in and build a unified collection of software to power the various chips it makes.
AMD aims to invest in and build a unified collection of software to power the various chips it makes.
Samsung’s profit slide slows in sign of chip market recovery
South Korea’s largest company reported a 78 per cent plunge in quarterly profit, an improvement from the record 95 per cent plunge in the second quarter.
South Korea’s largest company reported a 78 per cent plunge in quarterly profit, an improvement from the record 95 per cent plunge in the second quarter.
Bullish options imply up to 27% upside for Chinese stocks in Hong Kong
Some investors are expressing their bullish view of Hong Kong-listed Chinese stocks through the options market as valuations cheapened after a five-week, US$141 billion market sell-off.
Some investors are expressing their bullish view of Hong Kong-listed Chinese stocks through the options market as valuations cheapened after a five-week, US$141 billion market sell-off.
WM Motor goes bust in setback for Tencent, Baidu in China’s EV war
The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.
The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.
Troubled Kaisa’s creditors will get less than 5% back if liquidated, court hears
The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.
The debt-stricken property developer has said it is ‘cashflow insolvent’ and that its creditors will get less than 5 per cent of their money back if it is forced into liquidation, a court heard.
China’s BYD steps up globalisation strategy with an EV plant in Uzbekistan
The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.
The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.
Huawei challenges Spain’s rule that could exclude it from 5G funding
Spain says some ‘high-risk’ suppliers will not receive government aid to develop 5G networks. Huawei claims that the exclusion goes against the law, is disproportionate and politically motivated.
Spain says some ‘high-risk’ suppliers will not receive government aid to develop 5G networks. Huawei claims that the exclusion goes against the law, is disproportionate and politically motivated.
Hong Kong stocks jump amid inflows from mainland Chinese funds, Fed comments
Stocks climb toward the highest level since September 29 as mainland Chinese funds are seen ploughing more cash into H shares, adding to their major haul last quarter.
Stocks climb toward the highest level since September 29 as mainland Chinese funds are seen ploughing more cash into H shares, adding to their major haul last quarter.
China, India worst hit as half a million coal workers face job cuts globally by 2035
Nearly half a million coal miners face unemployment globally by 2035 due to mine closures and a market shift towards cheaper wind and solar power generation, San Francisco-based non-profit Global Energy Monitor says.
Nearly half a million coal miners face unemployment globally by 2035 due to mine closures and a market shift towards cheaper wind and solar power generation, San Francisco-based non-profit Global Energy Monitor says.
Tesla’s Shanghai factory delivers fewer EVs as upgrade disrupts production
The Gigafactory in Shanghai delivered 12 per cent fewer cars in September – bucking the market trend – as Tesla upgraded its mainland China plant ahead of the launch of a revamped Model 3.
The Gigafactory in Shanghai delivered 12 per cent fewer cars in September – bucking the market trend – as Tesla upgraded its mainland China plant ahead of the launch of a revamped Model 3.
HSBC buys Citigroup’s US$3.6 billion China consumer wealth business
HSBC Holdings is acquiring Citigroup’s retail wealth management business in mainland China, accelerating its push in the world’s second-largest economy.
HSBC Holdings is acquiring Citigroup’s retail wealth management business in mainland China, accelerating its push in the world’s second-largest economy.
