Business

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

Advanced Tunneling Technology Used in China’s High-Speed Railway Construction

State contractors in China have demonstrated their expertise in infrastructure construction with the successful completion of a major railway tunneling project. The China Railway...

China Everbright Bank Targets Sustainable Growth with Credit Support Plan for 2023

China Everbright Bank has announced its plan to increase credit support for the real economy in 2023. The bank aims to prioritize credit growth...

Brazil boosts yuan holdings as trade ties with China strengthen

On Friday, the Central Bank of Brazil announced that the Chinese yuan, also known as the renminbi, has overtaken the euro to become the...

China’s Manufacturing Sector Expands for Third Straight Month in March

China's manufacturing sector expanded for the third consecutive month in March, according to data released by the National Bureau of Statistics on Friday. The...

China and Singapore Sign MOU on Upgraded FTA, Commit to Wider Economic Cooperation

Over the weekend, China and Singapore inked a Memorandum of Understanding, announcing the successful conclusion of subsequent negotiations on an upgraded bilateral free trade...

China Continues Push to Develop Homegrown Chip Industry with New Tax Policies

China has released its latest preferential tax policies for chip companies in 2023, as part of its broader push to encourage the development of...

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...

Guangdong Province Urges Cities and Departments to Double Efforts in Attracting Foreign Investment

Guangdong province, one of China's key economic powerhouses, is looking to attract offshore investment in a bid to promote high-quality development. To this end,...

Ozon Global expands into China, opens office in Shenzhen to attract more sellers and offer wider range of products

The past two years have seen a rapid increase in the number of Chinese sellers on Russian e-commerce platforms, with Chinese products now accounting...

Shanghai’s Trade Volume with RCEP Members Grows by 2.5% in First Two Months of 2023

Shanghai, a bustling metropolis in eastern China, has set a new record high in foreign trade with an impressive figure of 681.56 billion yuan...

China and Russia’s Trade Surges 36.4% in First Two Months of 2023, Boosting Economic Cooperation

As trade between China and Russia continues to grow and energy remains a major focus, industry analysts and market observers anticipate increased energy cooperation...

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....

China Mobile leads collaboration with global telecom giants to draft 6G requirements and design considerations

China Mobile, the world's largest mobile carrier by subscriber numbers, is partnering with dozens of multinational telecom carriers and equipment makers to unveil a...

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