A view of a building where the facilities of US semiconductor giant Micron is located in Shanghai on ... We remain neutral on Micron stock with a $67 price estimate which is slightly ahead of the ... ( read original story ...)
Analysis-Arm’s China Relationship Complicates IPO
Arm itself holds an effective interest of only 4.8% in Arm China, obtained through a 10% stake in an intermediate entity called Acetone, which owns 48% of the Chinese subsidiary. Hopu Investment ... ( read original story ...)
Tesla To Scale Up Battery Production At Giga Shanghai For Model 3 Facelift: Report
The Gigafactory Shanghai battery plants can reportedly churn 100,000 packs monthly. Tesla is expecting an “explosion” of orders for the so-called Project Highland version of the Model 3 in China, as ... ( read original story ...)
Billionaires Behind Shanghai’s Long Museum to Sell Works from Their Collection at Sotheby’s
The founders of Shanghai's Long Museum will reportedly sell dozens of pieces, in an unusual move for a couple so major and so active. ( read original story ...)
After China’s G7 Challenge, BRICS Bank Eyes Cutting Dollar Reliance With South African, Brazilian Currency Loans
The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at ... ( read original story ...)
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian currencies, as an alternative to the dollar. ( read original story ...)
Stock market today: Wall Street ticks higher in early trading, led again by Big Tech
Wall Street is ticking higher in early trading, on track for its first back-to-back gain in what’s been a miserable August ... ( read original story ...)