Some hedge funds say they are offloading all or most of their holdings of stocks as U.S. President Donald Trump's trade war wipes out trillions of dollars of market value and forces them to curtail trading using borrowed cash. ( read original story ...)
Microsoft joint venture Wicresoft halts projects in China, lays off thousands of workers
Wicresoft will cease work on Microsoft projects in China owing to ‘geopolitical shifts and changes in the global business environment’. ( read original story ...)
Shanghai launches all-round service center for foreign talents
The Bund Service Center for International Professionals is launched in Shanghai's Huangpu district on April 8. [Photo provided to chinadaily.com.cn] ... ( read original story ...)
Exclusive: Micron to impose tariff-related surcharge on some products from April 9, sources say
U.S. memory chipmaker Micron Technology has told U.S. customers it plans to impose a surcharge on some products from Wednesday to account for U.S. President Donald Trump's new tariffs, four sources ... ( read original story ...)
Pateo Connect Revs Up For IPO, Belching Widening Losses And Slumping margins
Pateo Connect has filed for a Hong Kong IPO, reporting its revenue jumped by 70.9% last year as its net loss widened The smart cockpit maker's gross margin is slipping amid intense competition and its ... ( read original story ...)
China, Hong Kong stocks rise with regional markets, Beijing support
China and Hong Kong stocks rose on Tuesday, steadying in the wake of stronger regional markets and government-led support after a brutal selloff triggered by concerns over trade tariffs. ( read original story ...)
China sovereign fund steps in to support stocks plunging on trade war
China intervened on Monday to support domestic stocks plunging on U.S. tariff woes, with a sovereign wealth fund increasing its holdings in equities and saying it would defend market stability. ( read original story ...)