Tag Archives: China

Deep in an underground, World War Two-era vault, investment manager Louis O’Connor guards his firm’s most valuable assets. The treasure inside? Rare earth elements. “Make no mistake about it, there’s three and a half meter walls and doors and armed security,” says O’Connor, the CEO of Strategic Metals Invest, a firm that lets individual investors buy into stockpiles of rare …

US Set to Impose 93.5% Tariff on Battery Material From China  Bloomberg.com U.S. Proposes Steep Tariffs on Critical E.V. Battery Material  The New York Times US Commerce Dept sets 93.5% anti-dumping tariff on Chinese anode graphite  Reuters US set to impose 93.5% tariff on graphite from China  The Economic Times Chinese Graphite Hit With Massive 869% Tariffs as US Pushes for Domestic Battery Production  Stock …

The US Commerce Department imposed preliminary anti-dumping duties of 93.5% on Chinese imports of graphite, a key battery component, after concluding the materials had been unfairly subsidized. A trade association representing US graphite producers in December filed petitions with two federal agencies, asking for investigations into whether Chinese companies were violating anti-dumping laws. The new duties will add to existing …

The sale of global port facilities to U.S.-based investor BlackRock and Mediterranean Shipping Company by Hong Kong’s CK Hutchison could be blocked by China, unless shipping company Cosco is included, according to a Wall Street Journal report citing anonymous sources. Hutchison said in March it planned to sell its 80% share of port terminals through subsidiary Hutchison Port Holdings at …

A Wells Fargo banker traveling on business has been blocked from leaving China after recently arriving there for a work trip, according to a report. Chenyue Mao, an Atlanta-based managing director at Wells Fargo, is facing an exit ban after entering China in recent weeks, sources familiar with the matter told the Wall Street Journal. Mao, who was born in …

Wells Fargo suspends China travel after employee exit ban, source says  ReutersView Full Coverage on Google News Source link

Key Takeaways AMD shares climbed again Wednesday amid optimism about the company’s plans to restart exports of its MI308 chips to China.  AMD shares had gapped above a tight rectangle formation in Tuesday’s trading session, laying the groundwork for a continuation move higher. Investors should watch key overhead areas on AMD’s chart around $187 and $215, while also monitoring important …

Tessa Wong BBC News, Asia Digital Reporter Getty Images Volunteers rehearsed taking cover in a supermarket basement in an air raid rehearsal in Taipei earlier this month Taipei is due to come to a standstill as the capital of Taiwan holds one of its largest-ever civil defence exercises against a possible Chinese invasion. Air raid sirens will ring out across …

WASHINGTON (AP) — American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s tariffs have become their top concerns, according to a business survey released Wednesday. The companies are also challenged by China’s slowing economy, where weak domestic demand and overcapacity in local …

US companies in China decry overproduction as price war hits profits  Financial TimesView Full Coverage on Google News Source link