BEIJING (AP) – While China appears to have reduced coronavirus cases to near zero, other infectious threats remain, and local health authorities have announced a suspected case of bubonic plague in the Inner Mongolia Autonomous Region. Bayannur District authorities lifted the plague warning on Sunday, ordering residents not to hunt …
Read More »Asia stocks rise as China’s blue chips climb 5-year peak
SYDNEY / HONG KONG: Asian stocks rose to their four-month high on Monday (July 6) as investors saw a resurgence in Chinese activity to boost global economic growth, even as rising cases of coronavirus delayed the reopening of business in the United States. MSCI’s broader index of Asia-Pacific stocks outside …
Read More »Fraud at China’s Luckin Coffee is a warning to investors
Charles Zhengyao Lu, President and Founder of Luckin Coffee, and Jenny Qian Zhiya, CEO of Luckin Coffee, ringing the opening bell during the company’s Initial Public Offering (IPO) at Nasdaq in New York on May 17, 2019. Victor J. Blue | Bloomberg | fake pictures The Luckin Coffee fraud scandal …
Read More »Dalai Lama turns 85 with mantra album
(Reuters) – The Dalai Lama bid for music chart stardom on Monday, when he turned 85, with the release of an album of mantras and teachings. FILE PHOTO: Tibetan spiritual leader Dalai Lama speaks to journalists in Geneva, Switzerland, March 11, 2016. REUTERS / Denis Balibouse / File Photo “Inner …
Read More »Chinese chipmaker SMIC to raise $ 6.55 billion in Shanghai share sale
BEIJING (Reuters) – China’s Semiconductor Manufacturing International Corp (SMIC) (0981.HK) Will Raise 46.29 Billion Yuan ($ 6.55 Billion) In A Shanghai Stock Sale, More Than Double Its Initial Target, Pricing Its Offering After An Increase In Its Hong Kong Listed Stocks . The company, which had originally tried to raise …
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