atlas news
    
Reuters : China
29  mars     04h03
Exclusive: Taiwan’s navy chief to visit U.S. next week, sources say
   Taiwan’s navy chief, Tang Hua, will visit the United States from next week to attend a military ceremony and discuss how to boost bilateral naval cooperation as China raises threats toward the island, six people briefed on the trip said.While Taiwan and the United States have a close relationship,...
28  mars     08h27
Australia keen to make progress on Chinese export hurdles for beef, lobsters
   Australia is focused on removing impediments to exports to China for live lobsters and beef from some suppliers, a government official said, one day after Beijing said it would lift tariffs on Australian wine.Australia and China, its largest trading partner, are rebuilding ties after a period of...
29  mars     03h21
China will further enhance capital account opening, FX official says
   China will make it easier to move capital in and out of the country and promote financial market deregulation, a senior forex regulator said on Friday, as Beijing seeks to woo foreign investors amid heightened geopolitical tensions. We will steadily push forward two way capital market opening, and...
    03h12
Philippines says it will not yield to submission in row with ’patronising’ China
   The Philippines is not seeking a fight or trouble in the South China Sea but will not be cowed into silence, submission, or subservience, its defence ministry said Friday, in its latest show of defiance in a heated row with China.Recent Chinese statements show their isolation from the rest of the...
27  mars     23h02
Xiaomi takes aim at Tesla in Chinese auto market with 29,870 electric car
   Chinese smartphone maker Xiaomi launched a sporty electric car on Thursday with styling cues drawn from Porsche and priced below Tesla’s TSLA.O Model, highlighting the stiff competition from new entrants in an already crowded EV market in China.During the two hour long event, Xiaomi CEO and...
28  mars     21h30
Goldman, Morgan Stanley win dismissal of lawsuits over Archegos collapse
   A U.S. judge on Thursday dismissed seven lawsuits by investors who accused Goldman Sachs Group Inc GS.N and Morgan Stanley MS.N of misconduct that fueled the rapid March collapse of Bill Hwang’s billion firm Archegos Capital Management.U.S. District Judge Jed Rakoff in Manhattan...
    20h27
US may soon unveil list of Chinese chip factories barred from receiving tech
   The United States is drawing up a list of advanced Chinese chipmaking factories barred from receiving key tools, three people familiar with matter said on Thursday, to make it easier for companies to stem technology flows into China.The list could be released in the next couple of months, one of...
    21h49
Morning Bid: Yen wary of holiday calm as Q1 curtain falls
   A look at the day ahead in Asian markets.Markets in Asia on Friday will be quieter and probably more range bound than usual with most of the rest of the world closed for Good Friday, but there is always the chance of outsized moves when liquidity is so thin.Especially if Japanese authorities take...
    02h24
Stocks subdued, yen in focus, with inflation data on tap
   A gauge of global share markets was barely changed on Thursday as it was poised to end the quarter with solid gains, while a strong dollar kept the yen near its weakest in decades amid the threat of intervention from Japanese authorities.Wall Street’s main stock indexes finished the session with...
    05h04
Exclusive: China’s WuXi AppTec shared US client’s data with Beijing, US intelligence officials told senators
   U.S. intelligence officials in late February told senators working on a biotech security bill that Chinese pharmaceutical firm WuXi AppTec .SS had transferred U.S. intellectual property to Beijing without consent, according to two sources.The U.S. government is concerned that certain...
    14h24
China’s Country Garden delays publication of 2023 financial results
   Country Garden .HK , China’s largest private property developer, delayed the publication of its financial results on Thursday saying it needed to collect more information to make appropriate accounting estimates and judgements. Due to the continuous volatility of the industry, the...
    14h32
Russia blocks renewal of North Korea sanctions monitors
   Russia on Thursday vetoed the annual renewal of a panel of experts monitoring enforcement of longstanding United Nations sanctions against North Korea over its nuclear weapons and ballistic missile programs.The move comes amid U.S. led accusations that North Korea has transferred weapons to Russia...
    15h59
WTO: China initiates dispute over US tax credits for EVs, renewables
   China has initiated dispute consultations with the United States regarding tax credits under the Inflation Reduction Act to promote the production of electric vehicles and renewable energy, the World Trade Organization said on Thursday.China claims that the US credits at issue hinge on using...
    09h37
Tesla deliveries face hit from China slowdown, soft demand
   Tesla TSLA.O is expected to report sluggish first quarter deliveries next week as the boost from its price cuts wanes and the U.S. automaker grapples with strong competition for buyers in a slowing electric vehicle market.After years of rapid sales growth that helped turn it into the world’s most...
    12h56
Exclusive: China commerce minister to head to Europe to make EV case
   China’s commerce minister will travel to Europe in April for discussions about the European Commission’s investigation into whether China’s electric vehicle industry has benefited from unfair subsidies, four people briefed on the plan told Reuters.Wang Wentao will visit France, a French government...
    04h16
China’s Big Five lenders post shrinking margins, warn of property risks
   Five of China’s largest lenders have posted shrinking net interest margins NIM , while warning of ongoing property sector risks.Amid a slowing economy, China’s lenders are under pressure to reduce interest rates on the loans they make to bolster flagging sectors as demand for lending falls.On...
    06h19
China’s BYD slows down plans for EV factory in Vietnam, industrial park says
   Chinese electric vehicles maker BYD .SZ has slowed down its plans to build an EV factory in Vietnam, a manager of the industrial park where the plant would be built told a shareholders meeting on Thursday.Vietnam’s government said in May that BYD had decided to build a factory to...
    11h26
China’s duty clear on Australian wine will hurt Bordeaux sales, producers say
   French Bordeaux wine exporters, who supply of China’s total wine and spirits imports, expect a rapid fall in exports after China’s decision on Thursday to lift import tariffs on Australian wine.France is China’s first wine supplier and China is Bordeaux wine’s largest export market in volume....
    03h49
Philippines ups stakes in China row, vows countermeasures to coastguard ’attacks’
   The Philippines will implement countermeasures against illegal, coercive, aggressive, and dangerous attacks by China’s coastguard, President Ferdinand Marcos Jr. said on Thursday, upping the stakes in an escalating row in the South China Sea.The Philippines is furious over what it calls repeated...
    02h50
China will be a driving force for the world economic recovery, official says
   China aims to be strong driving force for the world economic recovery this year, opening its markets wider to foreign investors and promoting high quality growth, the country’s top legislator Zhao Leji said on Thursday.China will make tech innovation a new point of economic growth and is willing to...
    11h14
Global smartphone market set to rebound in 2024, report says
   Global smartphone shipments are expected to rebound this year as easing inflation aids a demand recovery in emerging markets and the integration of generative AI attracts buyers to premium devices, a report by Counterpoint Research said on Thursday.Global shipments had declined more than last...
    10h22
Zambia’s debt-rework battle scars mar its Common Framework success
   Zambia’s deal with bondholders this week suggests it will finally emerge from more than three years in default and become the first successful restructuring under the debt rework architecture designed by the G .The deal is a much needed win for the so called Common Framework. The African nation...
    10h04
Morning Bid: Unrushed Fed sees out buoyant Q1, dollar revs up
   A look at the day ahead in U.S. and global markets from Mike DolanWith Wall St set for its final trading day of a bumper first quarter, the Federal Reserve seems in no rush to lower interest rates just yet buoying the dollar as other central banks chomp at the bit.Fed Governor Christopher...
    08h25
Treasury Wine to resume distribution in China after import tariffs end
   Treasury Wine Estates TWE.AX will resume the distribution of some of its products in China, it said on Thursday, after the Chinese Ministry of Commerce said it would remove tariffs on Australian wine imports from March .Treasury Wine will use partnerships with customers in China to distribute...
    05h43
India sizzles in global equity capital markets amid Asia deals drought
   India’s bulging pipeline of large block trades and listings such as the billion IPO of Hyundai Motor’s .KS unit will draw more funds to a market whose share of global equity capital market deals hit a quarterly record this year, bankers said.A paucity of deals elsewhere in Asia will add...
    08h01
With Cainiao buyback, Alibaba takes aim at rivals’ overseas advance
   Alibaba’s .HK plan to buy full control of its logistics subsidiary rather than spinning it off could signal the Chinese giant is taking competition from e commerce rivals Shein and Temu more seriously in overseas markets, analysts said.The company on Tuesday said it has decided against...
    06h09
India open to joining trade blocs with China if its economy is WTO compliant, trade minister says
   India is open to being a part of trading blocs which include China if Beijing ensures its economy is open, transparent, and complies with the rules of the World Trade Organisation, India’s trade minister Piyush Goyal said at a media event on Thursday. India’s Commerce Minister Piyush Goyal...
    05h25
Malaysia open to extending China-led rail project to Thai border
   Malaysia’s government has said it would consider extending a billion China led rail project to its border with Thailand to boost economic ties between the Southeast Asian neighbours.Part of China’s Belt and Road Initiative, the kilometre mile , . billion ringgit . billion ...
    02h45
Taiwan sees US support unchanged no matter who wins election
   Taiwan’s foreign ministry said on Thursday it believes U.S. support will remain unchanged no matter who wins the presidential election, but it will stay on guard for Taiwan China issues being manipulated as the campaign heats up.Taiwan, which China claims as its own territory, received strong...
    04h32
Toyota’s global sales slide 7% in February, led by slumps in China and Japan
   Toyota Motor’s .T global sales dropped in February from a year earlier, hurt by a heavy decline in China due to Lunar Year holidays and a slump in Japan after a safety test scandal at its small car unit.Sales in China the world’s biggest auto market tumbled . This year the week long...