Business

Rare Earth Metal Prices Poised for More Gains: Analysts

Rare earth metal prices have risen sharply over the past year while growing adoption of new technologies like electric vehicles is likely to send costs even higher, according to analysts. In the 12 months through September, the price of lithium carbonate—used in batteries, mobile devices, and spacecraft—surged 150 percent; the price of holmium oxide—used in

Over Two-Thirds of Businesses Worldwide Report Hiring Difficulties

A new survey of nearly 45,000 employers in dozens of countries showed that 69 percent of businesses reported having a hard time finding workers, a 15-year high for the second consecutive quarter. The survey, carried out by employment services provider ManpowerGroup, found that over two-thirds of employers in 43 countries said finding skilled talent remains a

China’s Belt and Road Faces Pandemic Economy

Analysis China’s Belt and Road Initiative (BRI) is at the center of Xi Jinping’s foreign and economic policy, and a significant component of Beijing’s push for global expansion. So far, 139 countries have joined the various components, including the Digital Silk Road, Health Silk Road, and Maritime Silk Road. The BRI (also known as “One Belt, One Road”)

China to Start New Stock Exchange to Boost Small Business, Analysts Skeptical

A third stock market will be set up in Beijing to help small and medium-sized companies raise capital, Chinese leader Xi Jinping announced on Sept. 2. “We will continue to support the innovation and development of small and medium-sized enterprises, deepen the reform of the New Third Board, set up a Beijing Stock Exchange to

Chinese Acquisition of Semiconductor Firm Poses Security Risks, US Treasury Warns

The U.S. Treasury Department said the sale of Magnachip Semiconductor Corp. to a Chinese private equity firm poses “risks to national security,” as Chinese investments in critical technologies meet with enhanced U.S. scrutiny. Magnachip, a South Korean producer for display and power chips, sold its controlling stake in late March to Chinese private equity firm

‘Common Prosperity’ Sheds Light on Beijing’s Regulatory Direction

Commentary Finally, there is increasing clarity around how the Chinese Communist Party (CCP) intends to regulate its giant corporations, which is invaluable to U.S. investors assessing Chinese stocks. Regulatory guidance has come fast and furious over the last several months, sending Chinese stocks—at least those traded in the United States—into a tailspin. And most recently, CCP leader Xi Jinping’s directive

Chinese Branch of US Company Issues Fake Reports Triggering Product Recalls in South Korea

A Chinese branch of a U.S.-based multinational electronics testing company has been issuing fake reports for China-made goods entering the South Korean market for eight years, Korean media reported as a massive recall of products was announced. The recall impacted 1,696 products sold by 378 companies in South Korea, Korean media reported. The top three companies with

Hedge Fund Manager Warns About Beijing ‘Looting’ Tencent

A hedge fund manager is sounding the alarm to investors about the Beijing regime’s appropriation of profits from Chinese internet giant Tencent, a significant holding of the Canada Pension Plan Investment Board (CPPIB). “China’s government is LOOTING TENCENT SHAREHOLDERS. In what is likely to amount to well over 50 percent of their profits, the government is

Pfizer to Buy Canadian Drug Developer Trillium in $2.26 Billion Deal

Pfizer has announced plans to acquire Canadian drug developer Trillium Therapeutics Inc. in a $2.26 billion deal meant to boost Pfizer’s arsenal of blood cancer therapies. Under the deal, announced in an Aug. 23 press release, Pfizer will buy all outstanding Trillium shares at $18.50 apiece, representing a 118 percent premium on the stock’s 60-day weighted average price.

China Passes Sweeping Data Control Law Amid Escalating Tech Crackdown

China has passed a sweeping data protection law that is set to impose strict control measures on the private sector’s handling of personal data, building on an already expansive crackdown on the country’s tech sector that has rattled global stock markets. The personal information protection law, passed through the Chinese Communist Party’s ceremonial legislature on Aug. 20,

Xi Jinping Eyes Clampdown on China’s Rich in Bid to Redistribute Wealth

The Chinese regime’s top leader has signaled a hardening stance toward the country’s affluent in a bid to promote “common prosperity.” It’s the latest campaign aimed at tackling the country’s rising inequalities, which analysts say reveals Beijing’s anxiety over the issue. In an economic planning meeting with top leaders on Aug. 17, Xi Jinping called

Pfizer-BioNTech and Moderna Poised to Make Billions on COVID-19 Boosters

Moderna and the Pfizer-BioNTech alliance could reap billions from COVID-19 booster shots in the coming years, in what analysts and investors say could be a market comparable to the $6 billion in annual sales for flu vaccines. Pfizer, its German partner BioNTech, and Moderna have together locked in over $60 billion in sales of their

China’s Crackdown on Tech Companies Is a Warning to US Investors: Expert

U.S. investors and companies need to learn a lesson from Beijing’s recent crackdown on Chinese tech companies, warned Riley Walters, deputy director of the Japan Chair at the Washington-based think tank Hudson Institute. “Beijing doesn’t want these tech companies’ power to rival that of their own,” Walters said in a recent interview with NTD, an

Beijing’s Crackdown on Foreign Money Sends Stern Warning to Investors

Beijing’s regulatory crackdown on Chinese companies has sent shockwaves through its stock markets, and experts say the investment climate in China has shifted and needs reevaluation. The Chinese communist regime’s recent sudden changes in laws and regulations governing businesses across multiple industries remain a topic of discussion and debate regarding its purpose, extent, and endgame.

Tencent Stocks Plunge After Chinese Media Labels Gaming ‘Spiritual Opium’

The stock price of the world’s largest games vendor Tencent went on a roller coaster ride on Tuesday. Its value dropped over ten percent after state-run media labelled its products as “spiritual opium” in an article. “A ‘spiritual opium’ has grown into a several hundred billion worth business,” the state-run Xinhua affiliated Economic Information Daily reported on

Chinese Tech Giant Tencent Latest Victim of Beijing’s ‘Anti-Monopoly’ Crack Down

Chinese tech giants continue to face scrutiny from Beijing. One of the world’s top ten largest companies, Chinese internet giant Tencent, was recently fined and given 30 days to give up its exclusive rights to music streaming. On July 24, the official website of the Chinese State Administration for Market Regulation reported that Tencent’s July

GOP Senators Urge SEC to Investigate Chinese Companies on American Stock Exchanges

A group of Republican lawmakers are urging the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, to investigate Chinese companies listed on U.S. stock exchanges, after “billions of dollars were snatched” from American investors following a crackdown on firms by officials in China. Senators John Kennedy (R-La.) Dan Sullivan (R-Alaska), Marsha Blackburn

Growing Crackdown Sparks Foreign Exodus From Chinese Stocks

WASHINGTON—China has escalated its regulatory crackdown on its private sector, sending shockwaves across global markets. The move, which has wiped out more than $765 billion of value from U.S.-listed Chinese companies in recent months, sends a stark message to dozens of domestic firms that seek to tap into U.S. capital markets. Beijing’s crackdown on Chinese firms is

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