Month: November 2023
China’s largest chipmaker SMIC posts a 80% drop in third-quarter profit
BEIJING, CHINA – DECEMBER 04: A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s largest chipmaker SMIC on Thursday posted a 80% drop in third-quarter profit as […]
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Chinese company databases Qichacha passes Beijing’s stability test for resuming abroad operations
Chinese organization databases Qichacha mentioned it passed a facts export protection evaluation that enables the business to resume overseas operations. Vcg | Visible China Group | Getty Photographs BEIJING — Chinese business database Qichacha reported Friday it handed a details export security assessment that lets the organization to resume overseas operations. The information alerts an […]
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Got a hole in your resume? Personal it, say workplace authorities
Consider it or not, vocation breaks are now a lot more prevalent than at any time. In a study of 6,000 staff in Southeast Asia, only 29% indicated they in no way knowledgeable a job split. The best existence activities that expected a vocation break — defined as using a lot more than a thirty […]
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Goldman Sachs sees ‘clear deficit’ of iron ore for the rest of the year
A worker pouring molten iron into a mildew at a mill producing marine motor parts in Huaian, Jiangsu province, China. Reuters The iron ore market place is hunting at a shortfall for the rest of the 12 months thanks to reduced inventories and slipping creation, claimed Goldman Sachs. “Fairly than dealing with a surplus for […]
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Startup Li Auto is beating Tesla China’s EV sales
Chinese startup Li Auto sold more cars in October than Tesla’s China business did in October, according to the China Passenger Car Association. Nurphoto | Getty Images BEIJING — Chinese startup Li Auto sold more cars than Tesla’s China business did in October, according to the China Passenger Car Association. The startup sold a record […]
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Eli Lilly and a lot more: Strategist names 5 shares set for ‘significant’ earnings progress
Increasing fees and the possibility of a economic downturn on the horizon have developed a “blended photograph” for fairness marketplaces, according to one particular strategist — but numerous firms can seem forward to markedly more powerful earnings advancement in the up coming 12 months. “When you glance at what businesses are expressing about upcoming year, […]
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China versus India: The pros explain why they prefer one — and share their stock picks
Which economic giant should emerging markets investors go for: China or India? Chinese stocks have done poorly this year. Hong Kong’s Hang Seng index has plummeted around 12% in the year to date, while the Shenzhen Component is down over 9%. A real estate crisis continues to afflict the country. India’s Nifty 50, on the […]
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Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Chinese low-cost retailer Temu is dominating app stores in Japan and South Korea in its category, dethroning rival Shein after its successful expansion in Western markets. “Temu […]
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Asia markets ease after Powell comments
Oil settles slightly higher after sell-off this week Oil settled slightly higher on Thursday but still hovered at three-months lows after a sell-off this week triggered by worries that demand is softening. Brent crude contracts for January edged up 47 cents, or .59%, to $80.01 per barrel, while West Texas Intermediate contracts for December ticked […]
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Microsoft restricts personnel access to OpenAI’s ChatGPT, citing security concerns
Microsoft CEO Satya Nadella speaks during the OpenAI DevDay celebration on November 06, 2023 in San Francisco, California. OpenAI CEO Sam Altman sent the keynote deal with at the 1st at any time Open AI DevDay convention. Justin Sullivan | Getty Visuals Microsoft has invested billions of dollars in OpenAI. But staff members of the […]
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