Posts filtered by tags: Beijing.[x]


 

Clover's Vaccine 67% Effective Against COVID, 79% Against Delta Variant in Large Trial

BEIJING (Reuters) -A potential COVID-19 vaccine from China's Clover Biopharmaceuticals was 67% effective against COVID-19 of any degree of severity...
Tags: China, Beijing, Reuters, COVID


10 Things in Politics: Capitol Hill divided over vax mandates

Welcome back to 10 Things in Politics. Sign up here to receive this newsletter. Plus, download Insider's app for news on the go - click here for iOS and here for Android. Send tips to [email protected] or tweet me at @BrentGriffiths.Here's what we're talking about:Inside Congress' patchwork vaccine approachHouse passes bill meant to avoid shutdown and default, but things are far from overTrump is suing The New York Times and his niece over his tax recordsWith Phil Rosen. ...
Tags: UK, Maryland, Vladimir Putin, Congress, Australia, Washington, France, Senate, White House, China, Virginia, Russia, Office, Israel, Cary Grant, US


Potential collapse of Chinese property developer Evergrande could hit Australian iron ore exports

Australian Strategic Policy Institute says Coalition should take pre-emptive action with global trade umpire in case demand for commodity dries upGet our free news app; get our morning email briefingAustralian iron ore producers risk being used as a pawn in Beijing’s geopolitical power play against Canberra, a leading thinktank has warned, amid concerns Chinese demand for the valuable commodity could dry up if the giant Evergrande property group collapses.The Australian Strategic Policy Institut...
Tags: Business, China, Economics, Australia news, Commodities, Beijing, Asia Pacific, Coalition, Australian politics, Canberra, Australian economy, Evergrande, Australian Strategic Policy Institute, Australian Strategic Policy Institute ASPI, Australian foreign policy


China Auto-Chip Firm Black Sesame Tech Valued Near $2 Billion After Funding From Xiaomi, Others

BEIJING (Reuters) - Chinese auto-chip startup Black Sesame Technologies said on Wednesday that it had raised "hundreds of millions of dollars" from...
Tags: Beijing, China Auto Chip Firm Black Sesame Tech Valued Near


China's Lehman Brothers Moment?

The New York Times: Angry home buyers are waiting on as many as 1.6 million apartments. Suppliers that sold cement, paint, rebar and copper pipes are owed more than $100 billion in payments. Employees who were strong-armed into lending are panicking now that the company cannot repay them on time. China's Evergrande Group, the embattled property developer whose towering debt has set off panic in global markets, is buckling under the weight of more than $300 billion in debt. The company's billiona...
Tags: Europe, China, Tech, Bloomberg, Beijing, New York Times, Lehman, Evergrande, Evergrande Group, Matt Levine, Lehman Brothers Moment


China is eyeing Russian attack helicopters to give its 'mini aircraft carriers' more punch

A visitor poses with a Ka-52K attack helicopter at the MAKS-2021 airshow outside Moscow, July 25, 2021. Bai Xueqi/Xinhua via Getty Images China has struggled to develop its own combat choppers for its new amphibious assault ships. A deal for Ka-52K helicopters would signal closer Sino-Russian defense ties amid tensions with the US. See more stories on Insider's business page. China is considering buying three dozen Russian naval attack helicopters, a purchase that would "give wings" to...
Tags: Navy, China, Russia, US, Trends, Beijing, Moscow, Cctv, PLA, South China Sea, Moscow Russia, Far East, South China Morning Post, Russian Navy, People s Liberation Army, Zhou


Evergrande's debt crisis is 'manageable' and not a Lehman-level event, hedge-fund billionaire Ray Dalio says

Getty Images / Roy Rochlin The $305 billion debt crisis facing Evergrande is a "manageable" situation, Ray Dalio said. In Tuesday's interview, he said its crisis wasn't the same as the 2008 collapse of Lehman Brothers. The Chinese property developer is likely to miss an interest payment on its debt this week. See more stories on Insider's business page. The $300 billion of debt that's pushing the Chinese property developer Evergrande toward a collapse is not equivalent t...
Tags: China, Global, US, Trends, Markets, Beijing, Treasury, Cnbc, Fed, Lehman, Lehman Brothers, Evergrande, Ray Dalio, Dalio, Bridgewater Associates, Carla Mozee


Evergrande's debt crisis is 'manageable' and is not a Lehman-level event, says hedge fund billionaire Ray Dalio

Getty Images / Roy Rochlin The $305 billion debt crisis facing Chinese property developer is a "manageable" situation, said Ray Dalio. In Tuesday's interview, he said Evergrande's crisis isn't same as the 2008 collapse of Lehman Brothers. Evergrande is likely to miss an interest payment on its debt this week. See more stories on Insider's business page. The $300 billion of debt that's pushing Chinese property developer Evergrande towards a potential collapse is not ...
Tags: China, Global, US, Trends, Markets, Beijing, Treasury, Cnbc, Fed, Lehman, Lehman Brothers, Evergrande, Ray Dalio, Dalio, Bridgewater Associates, Carla Mozee


Evergrande scrambled to sell retail investors risky wealth management products amid a liquidity crisis and fears of arrests, report says

The Evergrande headquarters is seen in Shenzhen, southeastern China on September 14, 2021, as the Chinese property giant said it is facing "unprecedented difficulties" but denied rumours that it is about to go under. Noel Celis / AFP via Getty Images Evergrande sold Chinese retail investors around $6 billion in risky wealth management products, the FT reports. At a meeting with angry investors demanding their money back, executives acknowledged the WMPs were likely too risky for many retai...
Tags: China, Trends, Beijing, Financial Times, Shenzhen, Afp, Evergrande, Noel Celis, Ethan Wu, Getty Images Evergrande, Yang Huiying


US stock futures rebound after Evergrande crisis sparks worst sell-off since May, as oil recovers lost ground

Evergrande is China's second-biggest property developer. Noel Celis/Getty Images US stocks look set for gains Tuesday after the S&P 500 suffered its worst day since May. Markets are concerned the debt crisis at Chinese property developer Evergrande could spread. Yet strategists said there is a strong "buy-the-dip" reaction that is supporting equities. See more stories on Insider's business page. US stock futures rallied on Tuesday after the debt crisis at giant Chinese property dev...
Tags: Hong Kong, Europe, UK, China, US, Trends, Bloomberg, Beijing, Goldman Sachs, US Treasury, Federal Reserve, Nasdaq, Saxo Bank, Fed, Lehman Brothers, Evergrande


10 things before the opening bell

Evergrande is China's second-biggest property developer. Noel Celis/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, download Insider's app for news on the go - click here for iOS and here for Android.Let's jump in.1. Stocks are recovering after yesterday's steep sell-off. The Dow is set to bounce back from losing 614 points, while oil prices are on the upturn as nerves settle. Check out the latest moves on the mar...
Tags: China, Trends, Bank Of America, Beijing, SEC, Federal Reserve, Bank Of International Settlements, ESG, Coinbase, Lehman Brothers, Lee, Gary Gensler, Tom Lee, Evergrande, Solana, Bloomberg Read


Business News Live Updates: Stock Market and Global Supply Shortage

The chairman of the troubled Chinese real estate giant, predicted a turnaround, but a new report predicted Beijing may have to step in...
Tags: Beijing


China's Evergrande puts on a brave face. But will Beijing bail it out?

Evergrande's chairman promised his employees Tuesday that they will "walk out of the darkness" caused by the embattled Chinese conglomerate's historic debt crisis.
Tags: China, Cnn, Beijing, Evergrande


China’s Hugoeast Media Acquires Cannes Directors’ Fortnight Player ‘The Tale of King Crab’ (EXCLUSIVE)

Beijing-based distributor Hugoeast Media has acquired Chinese distribution rights to Cannes Directors’ Fortnight player ‘The Tale of King Crab,’ the first feature venture into narrative fiction of Italian filmmakers Alessio Rigo de Righi and Matteo Zoppis. Hugoeast Media plans a limited theatrical release in Chinese theaters in the course of 2022. The deal with Hugoeast […]
Tags: News, China, Global, Beijing, Festivals, San Sebastian Film Festival, Directors Fortnight, Cannes Directors ' Fortnight, Hugoeast Media Acquires Cannes Directors, Hugoeast Media, Alessio Rigo de Righi, Matteo Zoppis Hugoeast Media


China’s Hugoeast Acquires Cannes Directors’ Fortnight Film ‘The Tale of King Crab’ (EXCLUSIVE)

Beijing-based distributor Hugoeast Media has acquired Chinese distribution rights to Cannes Directors’ Fortnight film “The Tale of King Crab,” the first feature venture into narrative fiction of Italian filmmakers Alessio Rigo de Righi and Matteo Zoppis. Hugoeast Media plans a limited theatrical release in Chinese theaters in the course of 2022. The deal with Hugoeast […]
Tags: Asia, News, China, Global, Beijing, Festivals, San Sebastian Film Festival, Directors Fortnight, Cannes Directors, Hugoeast Media, Alessio Rigo de Righi, Matteo Zoppis Hugoeast Media


Evergrande Chairman Confident Company Will 'Walk Out of Its Darkest Moment'

BEIJING (Reuters) - China Evergrande Group is confident the company will "walk out of its darkest moment", the debt-laden property developer's...
Tags: Beijing, Reuters China Evergrande Group


Beijing unlikely to save Evergrande, report says

Evergrande, the massive Chinese real estate developer that rattled the US market on Monday after reports that it is struggling to avoid defaulting on $89 billion in debt, is unlikely to benefit from a Beijing bailout, according to a report.
Tags: Finance, US, Article, Beijing, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/china, Edmund DeMarche, 72e2dc2c-3eba-57c5-9edf-80cd1c4fc5d1


Read the full letter the chairman of Evergrande sent to 120,000 employees as analysts say the Chinese real-estate giant is on the brink of collapse

An exterior view of China Evergrande Centre in Hong Kong Reuters The chairman of beleaguered Chinese real estate giant Evergrande Xu Jiayin sent a letter to 125,000 employees this week. He encouraged them to unite in the face of adversity and said the company would soon "walk out of the darkness." The real-estate giant is estimated to be $300 billion in debt. See more stories on Insider's business page. The chairman of beleaguered Chinese real-estate giant Evergrande, Xu Jiayin, sent ...
Tags: Asia, Hong Kong, Real Estate, China, International, Trends, Beijing, Shenzhen, Reuters, Lehman Brothers, Central Government, Xu, Evergrande, Markets Insider, InsiderAsia, Cheryl Teh


S&P Does Not Expect Beijing to Provide Any Direct Support to Embattled Evergrande

SINGAPORE (Reuters) - S&P Global Ratings said it does not expect Beijing to provide any direct support to embattled China Evergrande Group,...
Tags: Singapore, Beijing, Reuters S P Global Ratings


Going nuclear: the secret submarine deal to challenge China

It came out of the blue – but the new military pact between Australia, the UK and the US could transform international relations for a generation. The Guardian’s defence and security editor, Dan Sabbagh, explains the Aukus deal that has enraged BeijingWhen Boris Johnson, Joe Biden and Scott Morrison announced a new deal that would provide Australia with the technology to run silent nuclear submarines as part of its navy, one phrase kept coming up: “stability in the Indo-Pacific”. The word the le...
Tags: UK, Australia, China, US, UK News, Australia news, US news, Beijing, Military, Asia Pacific, Paris, Sydney, Scott Morrison, Dan Sabbagh, Aukus, Boris Johnson Joe Biden


China can't rely on its stealthy J-20 fighter to rule the skies, experts say

A Chinese J-20. Reuters A Chinese military publication suggests the J-20, dubbed Mighty Dragon, will likely join more exercises in future. But the fighter jet's Russian engine and a lack of strategic transporters will limit its influence, observers say. See more stories on Insider's business page. An influential Chinese military magazine has said that the Chengdu J-20 is likely to appear in more training exercises - but analysts say its inferior engine and the air force's la...
Tags: China, Russia, US, Trends, Beijing, United States, Chengdu, Reuters, South China Morning Post, Janes, Stringer, Zhuhai, Aviation Industry Corporation of China, Rahmat, Kristin Huang, Military & Defense Contributors


The NHL Does Have An Out For The Olympics

from Frank Seravalli of Daily Faceoff, ll of the excitement surrounding the NHL’s return to the Winter Olympics this February for the first time in eight years has been tempered by the COVID-19 caveat.   “I’m super pumped, but it’s still like a long ways out,” said Philipp Grubauer, when asked about the opportunity to defend Germany’s silver medal from 2018. “You never know what’s going to happen with COVID.” “It seems like if we’re going to the Olympics,” American-born supers...
Tags: Germany, Sport, Beijing, NHL, Patrick Kane, NHL NHLPA, Philipp Grubauer, Frank Seravalli, NHL Players Association, International Ice Hockey Federation, Bill Daly, NHL Players, Daily Faceoff


The Evergrande crisis and China's regulatory crackdowns are shaking the notion that China is an investable market, says Mohamed El-Erian

Mohamed El-Erian. REUTERS/Lucy Nicholson Stocks worldwide are sliding as Chinese property developer Evergrande faces a $300 billion debt default. Beijing hasn't stepped in yet to help Evergrande, rattling the notion that China will back the financial sector, economist Mohamed El-Erian said Monday on CNBC. Risk assets are sliding in a correlated fashion which hasn't happened in "a very long time," he said. See more stories on Insider's business page. A selloff in global equit...
Tags: Hong Kong, China, US, Trends, Beijing, Pimco, US Treasury, Federal Reserve, Cnbc, Lehman, Allianz, Mohamed El Erian, El Erian, ERIAN, Lucy Nicholson, Evergrande


How a top Brazilian media portal uses Web Stories

Launched in 1996, Universo Online (UOL) became Brazil’s first major news website, featuring content from the daily edition of Folha de S.Paulo and other popular newspapers and magazines. Since then, parent company Grupo UOL has grown the publication into a leading media destination for Brazilians, expanding its audience reach to more than 109 million unique users. With a focus on news, health, lifestyle, gaming, sports, automotive and technology, UOL is now among the country’s top content produc...
Tags: Google, Japan, Cms, Beijing, Brazil, Tokyo, UOL, ECOA, Web Creators, Grupo Uol, Bel Curado, Universo Online UOL, Murilo Garavello, Nossa UOL, U S Basketball Dream Team, Leandro Guilheiro


One Chinese billionaire has lost $27 billion in personal wealth during Beijing's tech crackdown

YouTube Pinduoduo founder Colin Huang has seen $27 billion evaporate from his personal coffers in 2021, the worst loss of wealth of anyone in the world this year, according to Bloomberg. Huang's losses dwarf even those of Evergrande founder Xu Jiayin, who had lost $16 billion as of last Thursday. Six of the 10 billionaires who have lost the most wealth this year are Chinese denizens, including Huang, Xu, and Tencent's Pony Ma. Sign up here for our daily newsletter, 10 Things Befor...
Tags: China, Trends, Markets, Bloomberg, Beijing, Alibaba, Tencent, Jack Ma, Huang, Didi, Xu, Bloomberg Billionaires Index, Evergrande, Xu Jiayin, Pinduoduo, Colin Huang


Tianzhou-3 Cargo Spacecraft Docks With China Space Station Module

BEIJING (Reuters) - A Chinese robotic resupply cargo spacecraft successfully docked with an orbiting space station module on Monday in the fourth...
Tags: Beijing, Reuters, Tianzhou, China Space Station Module


He beat Uber in China. Then he got too big for Beijing

Cheng Wei built a world-class ride-hailing app that not even Uber could keep up with in China.
Tags: News, China, Beijing, Stories, Cheng Wei


He pushed Uber out of China. Then he got too big for Beijing

Cheng Wei built a world-class ride-hailing app that not even Uber could keep up with in China.
Tags: Cnn, Beijing, Cheng Wei


Evergrande's looming default is spooking markets, but three top analysts say this isn't China's 'Lehman Brothers moment'

Evergrande is China's second-biggest property developer. Noel Celis/Getty Images Markets are worrying over the fate of giant Chinese property developer Evergrande, which is in big trouble. Yet a number of top analysts have said China's government is likely to contain the problem and insulate the global economy. However, Michael Burry of "Big Short" fame is among those worried that Evergrande's demise could send shockwaves across markets. See more stories on Insider's busine...
Tags: Hong Kong, China, US, Trends, Beijing, Goldman Sachs, Financial Times, Cnbc, Blackrock, Lehman, Lehman Brothers, Capital Economics, Michael Burry, George Soros, Allianz, Evergrande