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CHINESE YUAN
Global Market: Yuan strengthens as dollar retreats; China pushes back against undervaluation claimsThe Chinese yuan strengthened against the US dollar as the greenback retreated from an 18-month high. Beijing defended its currency policy ...- Will EU press the ‘kill switch’ on China? Trade war looms over talksEU officials are raising alarms over the escalating trade deficits with China, exceeding one billion euros on a daily basis. The spike in C...
- Tencent mulls $5 billion bond sale to push AI ambitions: Bloomberg NewsTencent is exploring the possibility of raising as much as $5 billion through an offshore bond sale this month. This potential move comes o...
- A 60-year-old Chinese farmer chopped off his right index finger after a venomous snakebite, believing he had just 5 steps to live; then traveled 50 miles to learn he didn’t need toIn October 2019, a 60-year-old farmer from China amputated his finger after being bitten by a snake. He believed the myth that a five-step ...
- Dollar edges back from 18-month high after FOMC minutesThe dollar index has maintained its position as hawkish Fed minutes emphasize inflation as a major concern. Recent interest rate hikes by t...
- Webull’s 29% stock plunge follows a deeper question: how much of its U.S. brokerage depends on China-linked people, technology and infrastructureWhat sent Webull stock down? Webull stock fell as much as 29% after a House report said the brokerage’s China connections pose a national s...
- Chinese independent refiners turn to Iraq, Qatar as Iranian crude supplies dwindleChinese independent refiners have turned to buying Iraqi and Qatari crude as Iranian supplies dwindle. The traders report purchases totalin...
- DeepSeek to raise at least $12 billion in Tencent-backed fundingChinese AI startup DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News r...
- Huawei unveils Mate 90 phones, leans on homegrown chip design to offset US curbsHuawei has showcased its Mate 90 smartphone series, enhancing performance with new chip technology and HarmonyOS 7. The latest models featu...
- Global Market: Yuan heads for seventh straight quarterly gains as exporters boost dollar salesChina’s yuan strengthened against the dollar, heading for its seventh straight quarterly gain, supported by exporter dollar selling, strong...
- China says venture funding rebounds as investors back AI, quantum technologyChina's venture capital sector is recovering, with investment in early-stage startups, smaller companies, long-term projects and hard-tech ...
- China rolls out new measures to bolster its property sector and economyChina rolled out new measures to help its sluggish property sector amid rising pressure to hit the government's year-end growth goal. China...
- China rolls out new measures to bolster its property sector and economyChina rolled out new measures to help its sluggish property sector amid rising pressure to hit the government's year-end growth goal. China...
- Liu Huan, popular Chinese musician who performed at the 2008 Beijing Olympics, dies at 63: What we know about his cause of death and funeral ceremony arrangementsLiu Huan, a renowned Chinese musician and educator, passed away at 63 in Shanghai. With a lifelong commitment to music education, Liu champ...
- China fuels rush to turn AI video into an industryShenzhen has emerged as a leading hub for AI filmmakers in China, attracting various local governments wanting to establish tech clusters. ...
- China's DeepSeek annualised revenue run rate hits $1 billion: ReportThe figure underscores the rapid growth of the AI company that shook the tech industry last year after its models challenged US assumptions...
- Global Market: Chinese yuan dips as dollar gains on Fed hike bets; Trump-Xi talks eyedChina’s yuan weakened against the US dollar as expectations of a near-term Federal Reserve rate hike lifted the greenback, while investors ...
- China chipmaker CanSemi seeks to raise up to $918.5 million in Shenzhen listingChinese chipmaker CanSemi Technology is seeking to raise 6.16 billion yuan ($918.5 million) in a Shenzhen listing after pricing its shares ...
- Global Market: Yuan slips as PBOC signals caution on currency appreciationChina’s yuan weakened Wednesday after the PBOC set a weaker midpoint, ending a 10-session streak of stronger guidance. Rising trade tension...
- Global Market: Yuan climbs to strongest level since 2023 as Xi-Trump talks loomChina’s yuan climbed to a 3-1/2-year high against the dollar after the central bank set a stronger daily fixing for the 10th straight sessi...
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