China’s financial regulators seek to impose additional capital requirements on its most important banks to curb risks and safeguard stability, according to Yahoo! finance. The banks will be put into…
Chinese tech giant Tencent’s Timi Studios generated $10 billion revenues last year, according to Reuters. The revenue makes Timi, a maker of popular video games Honor of Kings and Call…
China’s Sinovac Biotech says its third production plant for its COVID-19 vaccine is ready, according to Reuters. The facility has started manufacturing procedures for bulk vaccine ingredient, that doubles annual…
Palantir Technologies has issued additional details about the Palantir Foundry capabilities, reports Businesswire. The details will be highlighted in the company’s Life Sciences demo at “Double Click” on Wednesday, April…
China’s central bank speculates that interest in the country’s digital Yuan project is in part driven by the surging price of bitcoin, reports CNBC. Officials say the demand is also…
U.S auto sales in the opening months of 2021 have risen 11.3%, with annualized selling pace in March projected to hit 16.8 million vehicles, according to the Wall Street Journal.…
OPEC+ has agreed to add more than 2 million barrels a day of global oil supplies from May to July, reports Bloomberg. The output increase is about a quarter of…
The S&P 500 rose as much as 0.7% to surpass a record 4,000 on Thursday as investors weighed President Joe Biden’s newly unveiled $2.25 trillion stimulus plan. The surge was…
President Joe Biden on Wednesday singled out Amazon.com Inc. for not paying federal taxes, according to Reuters. Biden said Amazon was using various loopholes to avoid the federal income tax…
A Volkswagen joint venture in China has agreed to purchase green car credits from Tesla to meet local environmental rules, according to Reuters. The deal highlights the scale of the…
U.S jobless claims in the week ending March 27 rose by 61,000 to 719,000, according to the Department of Labor press release. The jobless claims were higher than expected 675,000.…
Taiwan Semiconductor Manufacturing Co. plans to spend $100 billion over the next three years to expand its chip fabrication capacity, according to Bloomberg. The spending aims to address the booming…