Asian stocks rose Monday after US President Joe Biden said he become considering lifting some Trump-technology exchange tariffs imposed on China, although concerns over inflation and increase weighed on sentiment. Tariffs on hundreds of billions of bucks of Chinese imports are due to expire in July, and Biden has confronted developing calls to get rid of the … Read more
According to Bloomberg News, Shanghai’s Covid-19 outbreak showed further signs of stabilizing with all new infections on Friday found in quarantine while a flare-up in the capital Beijing may have plateaued. Shanghai reported a total of 10,181 new cases on April 29, down from 15,032 the previous day. Of the total, 8,932 new asymptomatic infections, … Read more
HONG KONG, Dec 8, 2021 (AFP) – China’s Twitter-like social media platform Weibo fell during its debut on the Hong Kong stock exchange Wednesday as investors remain wary of tech during Beijing’s crackdown on the sector. Weibo finished 7.2 percent down from its initial listing price of HK$272.80, a poor showing compared with recent first-day trade by major … Read more
HONG KONG: Chinese property firm Kaisa suspended shares trading in Hong Kong on Wednesday, as questions swirl over its ability to make repayments and contagion spreads within the country’s debt-ridden real estate sector. The Chinese government sparked a crisis within the property industry when it launched a drive last year to curb excessive debt among real … Read more
France´s financial markets watchdog issued a $5.6 million fine against Bloomberg News for a report based on a fake news release that triggered a plunge in the shares of French construction giant Vinci and wiped billions off its market value. The company’s shares tumbled by nearly a fifth on November 22, 2016, after several media … Read more
United States (U.S.) President Donald Trump’s campaign said it was banning journalists from Bloomberg News from its electoral events, claiming “bias” by the media group owned by presidential rival Michael Bloomberg. Brad Parscale, the Trump 2020 campaign manager, said the decision was made after Bloomberg News announced it would not investigate the company boss or … Read more
