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China Ramps Up Pressure on Exiled Critic, Fining His Company $8.7 Billion

China put further pressure on exiled businessman and government critic Guo Wengui, with a court slapping an $8.7 billion fine on his company and punishing several associates who were involved in the takeover of a securities firm......»»

Category: topSource: wsjOct 12th, 2018

China"s Didi to invest $1 billion in its auto services platform

Didi Chuxing Technology, China's largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO)......»»

Category: topSource: reutersAug 6th, 2018

FedEx Has Another Problem Delivering A Package From China Tech Company Huawei

FedEx (NYSE: FDX) came under pressure from the Chinese government a month ago when freight from telecom company Huawei was not delivered to the correct address. The U.S. government has essentially........»»

Category: blogSource: 247wallstJun 23rd, 2019

Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

China's Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year......»»

Category: topSource: reutersJun 17th, 2019

Huawei CEO expects sales to drop to $100 billion in 2019, 2020

China's Huawei Technologies Co Ltd expects sales to drop to around $100 billion this year and the next, CEO Ren Zhengfei said on Monday, as its business comes under pressure due to U.S. sanctions......»»

Category: topSource: reutersJun 17th, 2019

Broadcom"s $2 billion warning rattles global chip sector

Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company's sales this year......»»

Category: topSource: reutersJun 14th, 2019

China"s May industrial output growth cools to 17-yr low as trade war bites

China's industrial output growth unexpectedly slowed to a more than 17-year low in May in the latest sign of weakening demand as the US ramps up trade pressure. David Pollard reports......»»

Category: videoSource: reutersJun 14th, 2019

A retail store, the China plan and Lil Nas X: Kontoor Brands" CEO talks about what"s next for Wrangler and Lee

Kontoor Brands' CEO spoke in an interview shortly after the spinoff to discuss the future of the $2.7 billion company......»»

Category: topSource: bizjournalsJun 13th, 2019

Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source

China's biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said......»»

Category: topSource: reutersJun 13th, 2019

Boeing in Talks for $30 Billion Order From China

Boeing is reportedly in talks with Chinese airlines for an order of around 100 of the company's wide-body 787 and 777X aircraft. Depending on the actual mix of planes if the order materializes, the........»»

Category: blogSource: 247wallstJun 5th, 2019

ChangXin Memory injects over US$2.5 billion into DRAM R&D

ChangXin Memory Technologies (CXMT), a China-based DRAM startup, has injected more than US$2.5 billion into technology R&D, said company CEO Yiming Zhu at a recent GSA event in Shanghai......»»

Category: topSource: digitimesMay 21st, 2019

Bayer roundup loss raises pressure on Monsanto owner to settle

Bayer AG was ordered to pay more than $2 billion in damages to a California couple that claimed they got cancer as a result of using its Roundup weedkiller for about three decades, raising pressure on the company to settle thousands of similar lawsuits......»»

Category: topSource: moneycentralMay 14th, 2019

Apple, other Silicon Valley stocks hammered as U.S.-China trade war escalates

Shares of virtually every major Silicon Valley company fell today, after China promised to raise tariffs on $60 billion worth of American imports — the latest move in President Trump’s escalating trade war, which threatens to cut into corporate pro.....»»

Category: topSource: bizjournalsMay 13th, 2019

Dow drops more than 200 points Friday as losses gather steam in late-morning trade Friday

The Dow Jones Industrial Average fell more than 200 points Friday morning, reflecting increased pressure on U.S. stocks after the Trump administration allowed tariffs on $200 billion in China goods to increase from 25% from 10% at 12:.....»»

Category: topSource: marketwatchMay 10th, 2019

Market Snapshot: Stock market falls, set for worst weekly skid of 2019 as higher China tariffs kick in

U.S. stocks remain under pressure, with major indexes heading for their worst weekly return this year after the Trump administration raised import duties on $200 billion in Chinese goods......»»

Category: topSource: marketwatchMay 10th, 2019

US and China in make-or-break trade talks

President Donald Trump applied more pressure ahead of make-or-break trade talks with China, saying he has authorized new or higher tariffs on $325 billion of Chinese imports......»»

Category: videoSource: reutersMay 9th, 2019

Trump ratchets up pressure on China, threatens tariff hikes

President Donald Trump dramatically increased pressure on China on Sunday to reach a trade deal, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon......»»

Category: topSource: reutersMay 6th, 2019

Trump vows tariff hike on Chinese goods, escalating tension in trade talks

President Donald Trump dramatically increased pressure on China to reach a trade deal on Sunday, saying he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon......»»

Category: topSource: reutersMay 5th, 2019

Trump vows new tariff hike on Chinese goods, escalating tension in trade talks

President Donald Trump dramatically increased pressure on China to reach a trade deal by announcing on Sunday he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon......»»

Category: topSource: reutersMay 5th, 2019

Trump threatens to raise Chinese tariffs to 25% this week

President Donald Trump turned up the pressure on China on Sunday, threatening to hike tariffs on $200 billion worth of Chinese goods......»»

Category: topSource: foxnewsMay 5th, 2019

In shift, Trump vows tariff hike on Chinese goods ahead of next trade talk round

President Donald Trump on Sunday dramatically increased pressure on China to reach a trade deal by announcing he will hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon......»»

Category: topSource: reutersMay 5th, 2019