China
Stocks making the biggest moves premarket: Walgreens, Baidu, Novavax and others
Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator reported an adjusted quarterly profit of $1.59 per share, 19 cents above estimates, with revenue also topping Wall Street forecasts. Comparable pharmacy sales rose 7.3%, helped by demand for Covid vaccines. Walgreens shares initially rose in the premarket but […]
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Wall Street banks name their top global stock picks to navigate market volatility
Defensive stocks, “rock solid” payouts and buying the dip: Wall Street analysts share their favorite strategies for navigating the market volatility right now. Source
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Arm plans to transfer shares of China unit to SoftBank ahead of IPO: Reports
SAM YEH | AFP | Getty Images Arm is set to transfer shares in its renegade China joint venture to a special purpose vehicle owned by parent company SoftBank, according to reports from The Financial Times and Bloomberg on Tuesday which cited people familiar with the matter. Arm currently holds a 47.3% equity stake in […]
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EU to pressure China at virtual summit over its stance on Russia-Ukraine war, sources say
President of the European Commission Ursula von der Leyen delivers a statement in Brussels. Kenzo Tribouillard | AFP | Getty Images The European Union wants to put pressure on China to be neutral with its stance over Russia’s recent invasion of Ukraine, sources with knowledge of the matter told CNBC ahead of a virtual meeting […]
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China’s rich are moving their money to Singapore. Beijing’s crackdown is one of the reasons.
As Beijing pushes for “common prosperity” and political turmoil threatens Hong Kong, Singapore has become a safe harbor for some of the region’s wealthiest tycoons and their families. Wei Leng Tay | Bloomberg | Getty Images More and more wealthy Chinese are worried about keeping their money on the mainland and some see Singapore as […]
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Full remarks of U.S. President Joe Biden and Singapore Prime Minister Lee Hsien Loong
“We cannot condone any country arguing that another country’s independence is the result of historical errors and crazy decisions,” Prime Minister Lee said at the White House on March 29. Bloomberg | Bloomberg | Getty Images Singapore PM Lee Hsien Loong met with U.S. President Joe Biden to discuss Indo-Pacific security, the Ukraine war, and […]
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Alibaba leads $60 million funding into augmented reality glasses maker Nreal in metaverse play
An attendee tries a pair of Nreal mixed-reality glasses at the MWC Shanghai exhibition in Shanghai, China, on Tuesday, Feb. 23, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba led a $60 million investment round into augmented reality glasses maker Nreal, the start-up said on Wednesday, as Chinese technology giants look for ways to […]
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Solomon Islands prime minister says backlash to security negotiations with China ‘very insulting’
Solomon Islands Prime Minister Manasseh Sogavare speaks during a panel discussion at the Lowy Institude in Sydney on August 14, 2017. Saeed Khan | Afp | Getty Images Solomon Islands Prime Minister Manasseh Sogavare said the backlash to his country’s security negotiations with China was “very insulting,” in his first comments on a security treaty […]
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Hong Kong faces ‘tough balancing act’ as it looks to ease some border restrictions, official says
Hong Kong faces a tough balancing act as the city aims to lift some border restrictions for international travelers starting next month, according to a government official. The Chinese territory intends to ease a travel ban on flights from nine countries, including the U.S., U.K. and Australia, and allow those travelers to quarantine in a […]
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Tesla CEO Elon Musk says he has Covid again
Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China, January 7, 2019. Aly Song | Reuters SpaceX and Tesla CEO Elon Musk announced on Twitter on Monday that he has Covid. The announcement comes after Tesla’s factory in Shanghai faced regional Covid restrictions that reportedly require it to suspend production […]
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