China
Benchmark nickel price falls 15% to hit new limit down on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange Ltd. in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — Nickel prices resumed their freefall on Monday, with the benchmark three-month contract falling 15% to hit another new […]
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Xi ‘can’t stomach doing something that might make Putin look bad,’ says political analyst
China does not want to take a position on Ukraine that could undermine Russia, said Scott Kennedy of the Center for Strategic and International Studies, a Washington-based think tank. It doesn’t appear that Beijing has provided any military assistance or violated the economic sanctions on Russia, he said. “But they’ve not said no. And I think what […]
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China says Xi and Biden’s two-hour call focused on the need for peace in Ukraine
A screen shows Chinese President Xi Jinping attending a virtual meeting with U.S. President Joe Biden via video link, at a restaurant in Beijing, China November 16, 2021. Tingshu Wang | Reuters WASHINGTON — President Joe Biden held a nearly two-hour phone call on Friday morning with Chinese President Xi Jinping to discuss Russia’s invasion […]
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Nickel falls 12% to hit limit down again on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — The benchmark three-month nickel contract fell 12% on Friday morning to hit a new trading limit, as heavy selling […]
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Nickel falls 8% to hit limit down in chaotic trade on London Metal Exchange
LONDON — The benchmark three-month nickel contract fell 8% on Thursday morning to hit its new trading limit, as heavy selling continued in metal markets. The price hit $41,945 a metric ton as it opened for trade, according to Refinitiv data. Nickel prices more than doubled in a matter of hours on March 8, climbing above $100,000 […]
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Chinese EV maker XPeng leads investment in $200 million fund focused on ‘frontier technology’
A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors. Zhang Peng | LightRocket | Getty Images China’s XPeng said Thursday it led an investment into a new $200 million fund focused on backing electric vehicles […]
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Tesla hikes China-made Model Y price again — by more than $2,000
Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021. Future Publishing | Future Publishing | Getty Images Tesla raised the price for its cheapest Model Y car in China by 15,060 yuan ($2,372) on Thursday, following two consecutive price hikes for more expensive versions in just over […]
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Russia may aspire to a China-style internet, but it’s a long way off
Russian President Vladimir Putin and Chinese President Xi Jinping pose for a photograph during their meeting in Beijing, on Feb. 4, 2022. Alexei Druzhinin | AFP | Getty Images As Russia’s war on Ukraine continues, Moscow has looked to tighten control over its domestic internet, cutting off apps made by U.S. technology giants, even while […]
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Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
Shares of Chinese companies listed publicly in the U.S. surged Wednesday as China signaled support for the stocks. Regulators from both countries are progressing toward a cooperation plan on U.S.-listed Chinese stocks, according to Chinese state media. The report cited a meeting Wednesday chaired by Vice Premier Liu He, who heads China’s finance committee. The […]
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Stocks making the biggest moves premarket: Nvidia, Boeing, Micron and others
Check out the companies making headlines before the bell: DiDi Global (DIDI), Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – China-based stocks listed in the U.S. are staging strong rallies in premarket trading, helped by state media reports that the Chinese government will take steps to support the markets and the economy, and that the U.S. […]
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