Asian shares were mixed on Friday after another slump on Wall Street driven by expectations that U.S. interest rates will stay high well into next year. Hong Kong and Shanghai advanced while Tokyo, ... ( read original story ...)
China’s yuan bounces on state bank support, offshore tightness
SHANGHAI/BEIJING: China’s yuan bounced against a buoyant dollar on Friday, underpinned by state bank support, further strong fixing guidance by the central bank and signs of liquidity tightness in the ... ( read original story ...)
Qualcomm denies rumors of large-scale layoffs in Shanghai but says there will be ‘adjustments’
US chip giant Qualcomm on Thursday denied rumors that the company’s Shanghai branch is preparing large-scale layoffs and that it may withdraw from the Chinese market, but it said there may be some ... ( read original story ...)
Shanghai introduces new policy to facilitate foreign exchange, attract investment
Shanghai introduced new measures on Thursday to free foreign exchange and attract foreign investment, and Beijing launched a consultation on a similar policy. These measures are in line with a series ... ( read original story ...)
NIO is the first electric vehicle maker with its own smartphone – will it boost shares?
NIO (NYSE:NIO) launched the NIO Phone at an investor event in Shanghai on Thursday and the company has already begun taking orders. The smartphone will feature a 6.81-inch OLED curved screen and a ... ( read original story ...)
US chip giant Qualcomm cuts jobs in Shanghai amid macroeconomic headwinds: report
Qualcomm flagged potential job losses in its last quarterly earnings report, citing macroeconomic and demand uncertainty. ( read original story ...)
Shanghai unveils new measures to boost FTZ innovation
The municipal government of Shanghai released a set of 31 new measures on Thursday to be implemented in the China (Shanghai) Pilot Free Trade Zone, so that this test field for institutional innovation ... ( read original story ...)