Huawei, SMIC Suppliers Received Billions’ Value of Licenses for US Goods Documents

WASHINGTON, Oct. 21 (Reuters) – Suppliers to Chinese telecommunications giant Huawei and China’s leading chipmaker SMIC were granted billions of dollars in licenses from November to April to sell them goods and technology despite being blacklisted for U.S. trade stand, as Reuters-viewed documents showed on Thursday. According to the documents, 113 export licenses worth $ … Read more

Alibaba founder Ma spotted on Mallorca during a rare trip abroad after a China exam

Jack Ma, billionaire founder of the Alibaba Group, comes to the “Tech for Good” summit in Paris, France on May 15, 2019. REUTERS / Charles Platiau MALLORCA, Spain, October 20 (Reuters) – The founder of the Alibaba Group (9988.HK) was on the Spanish island of Mallorca, where his luxury yacht is moored, two Spanish newspapers … Read more

China Evergrande Makes Onshore Coupon Payment – Sources

The company logo can be seen at the headquarters of the China Evergrande Group in Shenzhen, Guangdong Province, China, September 26, 2021. REUTERS / Aly Song HONG KONG / SHANGHAI, Oct. 19 (Reuters) – China Evergrande Group (3333.HK) has paid out an onshore bond coupon due Tuesday, four people familiar with the matter said amid … Read more

Taiwan’s Foxconn is showing three prototypes of electric vehicles

Taipei, October 18 (Reuters) – Taiwanese tech giant Foxconn (2317.TW) unveiled its first three electric vehicle prototypes on Monday, underscoring its ambitious plans to move away from its role as a consumer electronics manufacturer for Apple Inc (AAPL.O ) and other diversifying tech firms. The vehicles – an SUV, a sedan, and a bus – … Read more

EXCLUSIVE China plans to incorporate US LNG as the energy crisis raises concerns

SINGAPORE / NEW YORK, Oct.15 (Reuters) – Major Chinese energy companies are in advanced talks with U.S. exporters to secure long-term supplies of liquefied natural gas (LNG) amid rising gas prices and domestic electricity shortages as concerns over the country’s fuel safety come up, said multiple sources. At least five Chinese companies, including the state-owned … Read more

Coal prices in China hit record highs, and the cold in early winter exacerbates energy problems

Fishermen take a boat past a State Development and Investment Corporation (SDIC) power plant outside Tianjin, China on October 14, 2021. REUTERS / Thomas Peter Steam coal prices in China reached record highs Power reform comes into force Cold winds from the north sweep central and eastern China China’s Met Office predicts sharp drops in … Read more

Chinese developer stocks slide as Evergrande fears simmering

The company logo can be seen at the headquarters of the China Evergrande Group in Shenzhen, Guangdong Province, China, September 26, 2021. REUTERS / Aly Song SHANGHAI, Oct. 14 (Reuters) – Chinese real estate company stocks and dollar bonds slid again on Thursday as investors worried about a debt crisis struck by developers like China … Read more

China says military statues near Taiwan move ‘right’

Taiwan has been embroiled in controversy over the recent spate of Chinese military efforts

Chinese and Taiwanese flags are displayed along with military aircraft in this photo taken on April 9, 2021. REUTERS / Dado Ruvic / Illustration / File Photo China Beercing Forces. Beijing also said the exercise is being undermined by foreign forces. The military conflict with China, which claims Taiwan as its territory, has been at … Read more

Asian stocks nervous on inflation fears, dollars at year-old highs

A man looks at stock market monitors in Taipei January 22, 2008. REUTERS / Nicky Loh DLR near 3-year high against the yen; 1 year high compared to comparison basket Oil prices are falling, but still near multi-year highs Investors wait for Chinese trade, US CPI numbers Most Asian stock markets were subdued, with Hong … Read more

Chinese developer bonds, stocks hit again by Evergrande contagion worries

SHANGHAI, Oct. 13 (Reuters) – Chinese real estate stocks and bonds continued to decline Wednesday after China Evergrande Group (3333.HK) missed a third round of interest payments on its dollar bonds in three weeks and warned others of default. As the clearest sign of global investor concerns about expanding debt contagion, the option-adjusted spread of … Read more