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The Latest Breaking News from China

Stifel Hikes Matson's Price Target By ~34%

Matson Inc's (NYSE:MATX) price target has been raised to $131 (an upside of 13.7%) from $98 by Stifel analyst Benjamin Nolan. The analyst maintained the Buy rating on Matson's shares. Nolan believes shifting equipment to provide the company a significant gain to its China service and greater run rate volumes reflecting higher capacity ships. Price…

Benzinga

China: MIIT Reveals BYD Seal Images And Core Specs

The BYD Seal is one of the latest all-electric models in the BYD's pipeline and potentially a major competitor to the Tesla Model 3 in China.

InsideEVs

Danaos Orders Two 7,100 TEU Containerships

Danaos Corp (NYSE:DAC) placed orders for two 7,100 TEU containerships. Financial terms were not disclosed. The vessels will be built at Dalian Shipbuilding in China and are expected to be delivered in 2Q24 and 3Q24. The vessels will be methanol fuel ready and built as per the latest requirements of the International…

Benzinga

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Joe Manchin doesn’t know how electric cars work

The senator from West Virginia says he’s worried about people “standing in line” waiting for car batteries.

Mic

Who are the Russians campaigning to stop Putin and help Ukraine?

While Russian troops advance on major cities in Ukraine, causing unspeakable collateral damage, ordinary people in Russia itself are feeling the weight of the most stringent sanctions the West has ever imposed. However, President Vladimir Putin's war effort is not universally supported by the Russian people. RFI met one of…

Radio France Internationale

Kremlin chaos amid 'cracks in Putin regime' and failing Ukraine invasion

Putin is reported to be livid at his military failures so far, however, the Kremlin has denied asking China for weapons to assist them.

Daily Record

Meten Inks Agreement For Metaverse Vocational Education

Meten Holding Group Ltd (NASDAQ:METX) subsidiary, Shenzhen Meten International Education Co Ltd, has entered into a strategic cooperation agreement with Shenzhen Shengxue Culture Communication Co Ltd. The parties will develop and design new education products and marketing activities, to develop Shenzhen Meten's Metaverse education business. The collaboration will help qualified job seekers find jobs…

Benzinga

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Here's Why Pfizer And Novavax Shares Are Rising On Monday

Pfizer Inc. (NYSE: PFE) and Novavax, Inc. (NASDAQ: NVAX) shares are trading higher by 4.3% at $52.42 and 9.6% at $80.05 respectively. Strength is possibly due to a spike in COVID-19 cases in China, which could lift vaccine sector sentiment.

Benzinga

Renewed Focus Clears Distractions for Chindata After Founder's Abrupt Exit

Key takeaways: • Chindata reported its revenue grew 41% in the fourth quarter, as its full-year revenue and EBITDA for 2021 exceeded previous guidance

Benzinga

Yum China Stock Slides As COVID-19 Resurgence Disrupts Operations

Yum China Holdings Inc (NYSE:YUMC) said its first-quarter fiscal 2022 operations are significantly impacted by the highly transmissible Omicron variant causing outbreaks across China, including economically important regions of Guangdong, Shanghai, Shandong, and Jilin. The company noted quarter-to-date case counts for 2022 have surpassed that of the full year 2021. Yum China's same-store…

Benzinga

Green Tea Group Looks for Room at the Listing Table With Hong Kong IPO

Key Takeaways: Popular restaurant operator Green Tea Group has been approved for a Hong Kong listing The company plans to raise $150 million, which it will spend to open 75 to 100 new restaurants each year from 2022 to 2024 By Tina Yip

Benzinga

Why Alibaba, Nio And Other Chinese Stocks Are Falling Today

Shares of several Chinese stocks including Alibaba Group Holding Ltd (NYSE: BABA), NIO Inc (NYSE: NIO) and Baidu Inc (NASDAQ:

Benzinga

Why ditching the China film market won’t hurt Asian representation on film

We find ourselves in an exciting moment for American cinema telling Chinese stories, with movies such as Turning Red refusing to pander to the authoritarian regime

The Guardian - UK

China’s lockdown shows we can’t forget about Covid-19

Given the war in Ukraine, it is easy to forget that we are still in a pandemic. But we shouldn’t.

Evening Standard

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The Guardian - US

White House warns of ‘significant consequences’ if China aids Russia – as it happened

White House press secretary Jen Psaki declines to say if China had provided any military aid to Russia since the war began

The Hindu

Post-Galwan, government sanctioned 32 new roads along China border

Report tabled in Rajya Sabha says work has started on eight roads

Benzinga

After Alibaba, Tencent Could Attract Regulatory Penalty

The People’s Bank of China discovered Tencent Holdings Ltd (OTC:TCEHY) is guilty of violating some central bank regulations by its WeChat Pay mobile network, the Wall Street Journal reports. Regulators could subject Tencent to a penalty worth at least hundreds of millions of yuan. The central bank’s routine inspection of 2021 found WeChat…

The Conversation

What your T-shirt reveals about 'carbon colonialism' and the global economy's vast hidden emissions

Where does your T-shirt come from? It’s a question that apparently can be answered with an awkward neck twist and a glance at the label. But the real answer is way more complex.

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Evening Standard

Apple suffers iPhone blow as Shenzen Covid lockdown shuts Foxconn factory

Two factories owned by Foxconn, which makes iPhones in China, have had to close as part of a widespread lockdown in the Chinese city of Shenzen.

Caixin Global

China Fines Companies $3.7 Billion Last Year for Breaking Monopoly Rules

The total was more than 50 times what the market regulator handed out in 2020

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Monday, March 14

CNBC

Caixin Global

Chinese EV-Battery Giant Files for Hong Kong IPO

CALB’s planned listing comes after China’s new-energy vehicle sales more than doubled in 2021

Reuters

Philippines summons Chinese ambassador over navy ship's 'intrusion'

The Philippines summoned China's ambassador on Monday to explain what it called the "illegal intrusion and lingering presence" of a Chinese navy vessel in waters between some of the archipelago nation's largest islands.

The Independent UK

Russia denies it has asked China for military equipment in Ukraine war despite US claims

Russia and China both deny US claims over request for military help

Reuters

Final talks on U.N. biodiversity pact open in shadow of Ukraine

Hundreds of negotiators arrived in the Swiss city of Geneva on Monday for final U.N. talks on an ambitious pact that aims to halt and reverse the loss of habitats for endangered species ahead of a summit in China later this year.

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