The yuan edged higher on Tuesday, despite a weaker-than-expected official midpoint rate and the U.S. dollar's rebound in global markets, as some investors were encouraged by recent economic data showing China recovering from its virus-induced slump. Prior to market opening...
Hong Kong-listed semiconductor equipment manufacturer ASM Pacific Technology Ltd <0522.HK> is in talks with potential investors to help take it private, people with direct knowledge of the matter told Reuters.
China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. But sources at developers say a rush to get around the rules by moving more debt off balance sheets is on.
Trump gave no details on his conversation about tweaking the dollar’s value, and no comment was immediately available from the U.S. Treasury Department, which is expected to release its long-
China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by the country's central bank said.
The yuan inched higher on Monday after the central bank set a firmer-than-expected guidance, while a steady fixing of a key benchmark lending rate also reinforced China's yield advantage over major economies. Prior to the market's opening, the People's Bank of China (PBOC...
China kept its benchmark lending rate for corporate and household loans steady for the fifth straight month at its September fixing on Monday, as expected.
The Chinese government increasingly relies on Kweichow Moutai, one of its most valuable listed companies, for financial help.
China stocks staged a strong finish on Friday, led by heavyweight financials on hopes of fresh supportive measures to boost the virus-ravaged economy, while a strong yuan also helped lure foreign inflows.
China's yuan firmed on Friday, resuming its march higher against the dollar and putting it on course for an eighth straight week of gains after weak U.S. data pulled the greenback lower. As of midday Friday, the yuan was up more than 1.3% for the week, set for its strongest...
* HK->Shanghai Connect daily quota used 4.6%, Shanghai->HK daily quota used 0.9%
China's benchmark lending rate will likely remain steady for a fifth straight month at its September fixing on Monday after the central bank left rates on its medium-term lending facility (MLF) loans unchanged this week, a Reuters survey showed.
Chinese tech giant Tencent's WeChat messaging app has seen a surge in downloads in the United States since Friday after Washington confirmed it would push ahead with a planned ban of the app, data showed on Tuesday.
A recap of a wild weekend for TikTok and WeChat. Both apps have won a temporary reprieve from President Trump's ban, but the future remains uncertain.
A federal judge has approved a request from a group of WeChat users to delay looming U.S. government restrictions that could effectively make the popular app nearly impossible to use
US Magistrate Judge Laurel Beeler in San Francisco issued a preliminary injunction that blocked the departments order, which would also have barred other US transactions with Tencent Holdings WeChat, potentially making the app unusable in the United States.
The U.S. Commerce Department said on Monday it will challenge an order issued Sunday by a U.S. judge that blocked the department's order requiring Apple and Google to remove WeChat from their U.S. app stores.
The ruling is likely to be appealed because of national security issues.
Chinese e-commerce retailer JD.com <9618.HK> is planning to spin off its health unit and list it on the Hong Kong stock exchange, the New York-listed company said on Monday, a move that follows escalating Sino-U.S. political tensions.
Trumps ban was blocked by a federal judge due to fears it would have violated First Amendment rights, but not before the threat of the ban caused WeChat downloads to skyrocket. <meta property=
Move against similar app TikTok in limbo pending deal Trump backs that would have TikTok join with Oracle and WalMart to form a U.S. company.
Chinese social media leader Tencent Holdings Ltd has said its WeChat may not be able to win new users in the United States while the White House challenges a court ruling preventing a ban on the messaging app.
What is banned is never really banned, it seems. A judge in California has prevented the Trump administration from blocking WeChat, which the Commerce Department planned to ban from U.S. app stores, on the very day it was supposed to be banned.
Having failed to complete a huge wall along the U.S. southern border, President Donald Trump's administration now seems desperate to build one in cyberspace for similar spurious reasons. Whereas the...