Former FCC Chairman Ajit Pai discusses the relevance of the communications sector in military operations on ‘The Claman Countdown.’ Elon Musk’s ties to China are causing unease in Washington, including among some Republican lawmakers who have been among the billionaire entrepreneur’s ardent supporters. The concerns center on the potential for […]
China
The price of bitcoin careened below $40,000 on Wednesday, dragging the entire cryptocurrency space lower, after the People’s Bank of China apparently warned against using digital coins as payment. Bitcoin BTCUSD, -0.68% was last down 18% to $35,734. According to CoinDesk, the cryptocurrency has reached a 24-hour low of $30,201.96, […]
(RTTNews) – The China stock market has moved higher in two straight sessions, advancing more than 90 points or 2.8 percent along the way. The Shanghai Composite Index now rests just above the 3,450-point plateau and it may see continued strength on Wednesday. The global forecast for the Asian markets […]
BEIJING, May 18 (Reuters) – China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. It was China’s latest attempt to clamp down on what was a burgeoning digital trading market. Under the ban, such institutions, including banks […]
Alvin Jiang was 24 years old and embarking on a career at Goldman Sachs when he was hired by one of China’s top dealmakers to help launch Boyu Capital, a Hong Kong-based private equity firm. For Sean Tong, who founded Boyu in 2010 after running the Chinese investment portfolio of […]
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — Half a year since the rush of Chinese IPOs to the U.S. dried up, many details […]