Companies

Super Micro Surges Premarket on Strong Outlook, H&R Block Jumps on Earnings

Super Micro Computer shares jumped premarket after raising its outlook, while H&R Block surged on strong earnings and CoreWeave and Coherent posted big mov

US Mortgage Rates Stop Rising, Nudging Homebuyer Demand Back

US mortgage rates eased slightly this week, halting a run of increases and drawing modest homebuyer and refinance demand back into a subdued market.

Eli Lilly Sues Six Companies Over Illegal Sales of Experimental Obesity Drug

Eli Lilly has sued six companies for allegedly selling versions of retatrutide, an experimental obesity drug still under clinical development and unapprove

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

FlightAware Withdraws Lawsuit Against Kalshi Over Flight-Cancellation Betting Markets

FlightAware has dropped its lawsuit accusing prediction-market platform Kalshi of using its data without authorization to power flight-cancellation betting

China’s First Offshore Carbon Dioxide Injection Well to Aid Carbon Neutrality Goals

China National Offshore Oil Corp (CNOOC) has developed China's first independently designed offshore carbon dioxide injection well, according to industry experts. The well will...

Nike accelerates digital transformation in China with new innovation center

Nike is bullish about China's sportswear market and is focusing on engaging with Generation Z and female consumers, as well as digitalization and sports...

XCMG announces Metaverse Ambassador at CONEXPO-CON/AGG 2023

XCMG, one of China's leading construction machinery companies, made a big impact at CONEXPO-CON/AGG 2023 in Las Vegas, the world's largest construction trade show....

Tsinghua Unigroup’s Ex-Chairman Zhao Weiguo Investigated for Suspected Crimes

Zhao Weiguo, the ex-chairman of Tsinghua Unigroup, a Chinese semiconductor firm, has been handed over to the procuratorate for investigation and prosecution on suspicion...

Novozymes achieves 9% sales growth in China, eyes further expansion

Denmark's Novozymes, a leading provider of biological products, views China as a land of vast potential and prospects for growth. The biotech industry is...

Huawei Leads the Charge for 5.5G Industry Consensus and Commercialization

Huawei Technologies Co is calling on partners to promote industry consensus and commercial deployments for the era of 5.5G, an evolution of 5G technology. Yang...

Schindler’s Revenue Increased in 2022, Anticipates Growth in China in 2023

Swiss elevator manufacturer Schindler is optimistic about its business outlook for 2023 due to the predicted recovery of the Chinese economy. In an interview...

Prominent Bank of China Chairman Liu Liange Resigns

Bank of China, a prominent State-owned commercial lender, announced on Sunday that Liu Liange had tendered his resignation as chairman and executive director of...

China Mobile Leads Efforts to Boost Digital and Real Economies Integration

China Mobile has played a key role in driving the integration of digital and real economies across China by constructing infrastructure and building service...

Chinese construction companies bring digital and green technology to ConExpo 2023

More than 170 Chinese companies have showcased their latest digital, green and intelligent construction technologies at one of the world's largest trade shows for...

Infineon Targets Low Carbon and Digitalization Opportunities in China

Infineon Technologies AG, the German chipmaker, is targeting the opportunities presented by low carbon and digitalization in China. According to David Poon, president of...

Huawei Replaces 13,000 Components Affected by US Restrictions in Past Three Years

Huawei Technologies Co founder, Ren Zhengfei, recently revealed that the company has replaced over 13,000 components affected by US government restrictions with parts developed...

China’s Ministry of Finance Cracks Down on Financial Risk With Fines for Deloitte and Huarong

China's Ministry of Finance has imposed fines on Deloitte & Touche and China Huarong Asset Management Co for lapses in internal governance and risk...

CSPL’s investment in Ain Sokhna Port container terminal to boost trade links between China and Egypt/Africa

Hong Kong-listed COSCO Shipping Ports Ltd (CSPL), a subsidiary of Shanghai-based China COSCO Shipping Corp that specializes in port operations, announced on Thursday that...

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