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

Zhejiang Province Takes the Lead in Digital Village Construction and Agriculture Development

Zhejiang province is leading the way in the construction of digital villages and the development of digital agriculture and rural areas. The China Digital...

Canton Fair to Fully Resume Offline Activities this Spring with Over 30,000 Participating Enterprises

The Canton Fair, also known as the China Import and Export Fair, is set to resume all on-site activities in Guangzhou from April 15...

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...

China mulls new policies to stabilize foreign trade amid external challenges

China is taking steps to support its enterprises and stabilize foreign trade growth, according to the Ministry of Commerce. Shu Jueting, a spokeswoman for...

Analysts optimistic about China’s economic outlook in 2023

China's economy is showing early signs of a palpable recovery in the first two months of 2023, providing economists with a hopeful outlook for...

China Intensifies Efforts to Promote High-Quality Development in Cross-Border Economic Zones

In a recent announcement, the Chinese Ministry of Commerce has revealed its intention to intensify efforts towards promoting high-quality development in border and cross-border...

Improved Market Liquidity and Financial Support Measures Boosting China’s Real Estate Sector Amid Recovery

According to property investment and sales data from the National Bureau of Statistics (NBS), China's real estate market is showing promising signs of a...

SenseTime Launches World’s Largest Open-Source AI Language Model, Intern 2.5

Chinese artificial intelligence pioneer, SenseTime, announced the launch of its latest invention on Tuesday - the Intern 2.5, which it claims to be the...

BMW’s Global Sales of Battery-Electric Vehicles More Than Double Due to Strong Growth in China

In a major development, BMW announced on Wednesday that it has more than doubled its global sales of battery-electric vehicles (BEVs) year-on-year in the...

Chinese AI Firm LangBoat Raises Funding for Development of Large Language Models

LangBoat, a Chinese provider of large language models, has announced the completion of its Pre-A plus round of fundraising, which has brought its total...

China’s SOEs Ramp Up Green Investment, Paving the Way for Renewable Energy Development

China's state-owned enterprises (SOEs) have been ramping up the construction of new energy projects since the start of the year. Analysts and industry observers...

RCEP trade spurs growth in China and Asia-Pacific economies via inland railway links

According to government officials and market observers, China's inland cities are expected to increase their use of railroad links to seaports in order to...

China’s Economic Activity Picks Up Pace in January-February 2023

China's economy is showing signs of stabilization and acceleration, with the National Bureau of Statistics reporting a marked improvement in key economic data for...

China’s Foreign Trade in Goods Registers $25.9B Surplus in February

China's foreign trade in goods registered a surplus of $25.9 billion in February, according to the State Administration of Foreign Exchange (SAFE). The figure...

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