By Antoni Slodkowski, Casey Hall and Scott Murdoch BEIJING/SHANGHAI/SYDNEY (Reuters) -Fears that employees of foreign firms risk entanglement with Chinese authorities have resurfaced after news that an employee of U.S. bank Wells Fargo has been banned from leaving the country. Business groups, diplomats and overseas executives say the incident is part of a long-term trend…
Beijing’s police authority has unveiled a plan for liquidating cryptocurrencies confiscated in criminal cases by selling them through licensed exchanges in Hong Kong, a move that could aid the southern city’s efforts to become a virtual asset hub. The municipal Public Security Bureau in Beijing said on Thursday that it has partnered with the China…
A section of Alaska Airlines Flight 1282 that lost a fuselage panel on a Boeing 737-9 Max, one in a string of mishaps that shattered Boeing’s reputation for quality. (Uncredited / Associated Press) We keep hearing about all the goods that will become more expensive for Americans thanks to Donald Trump’s tariff policy, such as…
SHANGHAI/SINGAPORE (Reuters) – Top Chinese brokerages have pledged to help steady domestic share prices in a concerted effort, the Shanghai bourse said, and scores of listed companies unveiled stock buying plans, as the local market reels from an escalating trade war. The Shanghai Stock Exchange said late on Tuesday it held a meeting with 10…
By Antoni Slodkowski and Liz Lee China frees Mintz staff in move to soothe foreign sentiment BEIJING -Chinese authorities have released all employees of a U.S. corporate due diligence firm detained in Beijing two years ago in an apparent move to reassure foreign firms operating in China amid sliding foreign investment in the world’s No.2…
“China today decided to restrict the personal freedom of Reuters’ correspondent in Peking as a reprisal for the ‘unjustified persecution’ of Communist reporters by the British authorities in Hongkong,” reported the South China Morning Post on July 22, 1967. “Peking Radio said the Chinese Government had told the correspondent, Mr Anthony Grey, that he would…
Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China export growth narrows to 6.7% in November amid Trump tariff uncertainty After posting a strong rebound in October, exports from the world’s second-largest economy grew by…
(Bloomberg) — AstraZeneca Plc shares plunged in London, erasing about £14 billion ($18 billion) of market value, amid escalating concerns over a Chinese probe into the UK drugmaker. Most Read from Bloomberg Traders cited a report from the Yicai news service released earlier in the day, with the stock’s losses snowballing during afternoon trading. AstraZeneca…
(Reuters) – AstraZeneca shares recorded their biggest one-day drop since March 2020 on Tuesday following a report that dozens of senior executives at its China unit could be implicated in the largest insurance fraud case in the country’s pharma sector in years. The investigation by Chinese authorities has now expanded to include the public security…
Chinese internet regulators are removing social media accounts that use fake information to hype the country’s military strength, including false reports of “cyberwarfare” in the South China Sea. A sample post from June on Douyin, China’s version of TikTok, read: “Breaking news: China and the US engaged in 12 hours of cyber warfare, causing Luzon…