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Investor Kyle Bass: Globalization Isn't Over, Just Don't Invest in Countries Run by Despots
The founder of Hayman Capital Management took a different view than BlackRock’s Larry Fink on the future of the idea of an interconnected global economy.
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As the Pandemic Enters Its 3rd Year, More Chinese People Say They'd Rather Save Than Spend
More Chinese people wanted to save in the first quarter, rather than spend or invest their money, according to a People’s Bank of China survey.
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China's Zero-Covid Policy Tests Small Businesses in a Make-Or-Break It Year
While China tries to shake off omicron, the country’s zero-Covid policy sets small businesses up for a third year of stop-and-start uncertainty.
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BofA Says iPhone Demand Still Strong Despite Reports of Production Cutback
Bank of America says demand for the iPhone is still strong despite reports of Apple cut back production of some models.
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EU to Pressure China at Virtual Summit Over Its Stance on Russia-Ukraine War, Sources Say
European Council President Charles Michel and European Commission President Ursula von der Leyen are speaking Friday with China’s Prime Minister Li Keqiang and Chinese President Xi Jinping.
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China's Rich Are Moving Their Money to Singapore. Beijing's Crackdown Is One of the Reasons
More and more wealthy Chinese are worried about keeping their money on the mainland and see Singapore as a safe haven.
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China's Factories Were Hit Harder This Quarter Than Last Year as Covid Drags on, Survey Says
Manufacturing growth in China is slowing, while retail businesses are struggling as Covid-related restrictions take their toll, according to China Beige Book.
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Domino's Pizza China Operator Files for Hong Kong Listing
The operator of Domino’s Pizza stores in China, DPC Dash, applied Monday to go public on the Hong Kong stock exchange, according to an online filing.
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Hong Kong Faces ‘Tough Balancing Act' as It Looks to Ease Some Border Restrictions, Official Says
Hong Kong intends to ease a travel ban on flights from nine countries, including the U.S. and U.K. and Australia from April 1.
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Chinese EV Maker Nio Delivers Its First ET7 Electric Sedans
The ET7 is one of three new Nio models expected in 2022.
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Apple Reportedly Cuts Production of Its New iPhone SE by 20%
The company reportedly aims to lower production of its iPhone SE, its first 5G capable phone costing $429, by about 2 million units to 3 million.
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Electric Automaker XPeng Posts Narrower-Than-Expected Quarterly Loss as Pricing Power Cushions Production Snags
The company expects to deliver between 33,500 and 34,000 vehicles in total this quarter, representing growth of more than 150% versus the first quarter of 2021.
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Huawei Posts First-Ever Yearly Revenue Decline as U.S. Sanctions Continue to Bite, But Profit Surges
Huawei’s business has been hurt by U.S. sanctions, which have sought to cut it off from key software and components like semiconductors.
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China Is Shutting Down Shanghai in Two Phases to Control Covid
China’s biggest city of Shanghai began a two-stage lockdown Monday as authorities try to control the country’s worst Covid-19 outbreak since the pandemic began.
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India Is Snapping Up Cheap Russian Oil, and China Could Be Next
There’s been a “significant uptick” in Russian oil deliveries bound for India since March after Russia’s invasion of Ukraine, industry observers say.
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Treasury Secretary Yellen Sees No Need for China Sanctions as U.S. Tries to Deter Aid to Russia
Treasury Secretary Janet Yellen on Friday said she does not believe the U.S. should impose sanctions on China as a partner to Russia.
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China's EV Makers Could See a ‘Shake Down' as They Hike Prices on Rising Material Costs
Tesla and BYD are better positioned to weather rising prices due to their strong supply chains, analysts said, while low-cost players could struggle.
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Nio's Outlook Will Be in the Spotlight When the Chinese EV Maker Reports Earnings Thursday
China-based electric-vehicle maker Nio reports fourth-quarter earnings and 2022 guidance after U.S. markets close Thursday.
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Omicron ‘Stealth' Variant BA.2 Is Spreading Rapidly in China
As mainland China battles its worst Covid-19 outbreak since early 2020, local governments increasingly say the new omicron BA.2 variant is to blame.
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The Philippines' Pivot Toward China Could Change When Duterte Steps Down as President
Duterte’s presidency marked a dramatic shift in the Philippines’ foreign policy when he declared a “separation” from the U.S. and sought closer ties with China.