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Nigerian Exchange Group Seeks Dual Listings for Chinese Companies to Boost Foreign Investment

Nigerian Exchange Group Seeks Dual Listings for Chinese Companies to Boost Foreign Investment

Nigerian Exchange Group Seeks Dual Listings for Chinese Companies to Boost Foreign Investment
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Ex-Chinese Premier Zhu Rongji, architect of growth, dies of illness at 97

Ex-Chinese Premier Zhu Rongji, architect of growth, dies of illness at 97

Former Chinese Premier Zhu Rongji has died, according to state media
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China's Supreme Court Enforces Anti-Foreign Sanctions Law in U.S. Sanctions Dispute

China's Supreme Court Enforces Anti-Foreign Sanctions Law in U.S. Sanctions Dispute

China's Supreme Court has highlighted a landmark ruling by the Shanghai Maritime Court, which enforced the country's Anti-Foreign Sanctions Law in a case involving U.S. sanctions. The case centered on a dispute where a Singaporean shipping company refused to deliver electronic goods from a Hong Kong-based company to Panama, citing the company's inclusion on a U.S. sanctions list. The court ruled against the Singaporean firm, ordering it to pay damages and interest, and stated that foreign 'discriminatory restrictions' could not be used as a defense under China's Anti-Foreign Sanctions Law. This ruling is seen as a precedent for Chinese companies facing international sanctions amid rising geopolitical tensions.
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The Latest: Kennedy Center board votes to close for renovations and add Trump’s name to the building

The Latest: Kennedy Center board votes to close for renovations and add Trump’s name to the building

The Kennedy Center will move forward with a two-year closure of the performing arts venue to allow for substantial renovations
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Wall St futures tick higher as oil retreats ahead of inflation data

Wall St futures tick higher as oil retreats ahead of inflation data

Aug 13 (Reuters) - Futures tied to Wall Street's main indexes inched higher on Thursday as crude oil prices fell and investors awaited producer-price inflation data for clues on inflation and the Federal Reserve's interest rate path.
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China's Lenovo posts 43% jump in Q1 revenue, highest in five years

China's Lenovo posts 43% jump in Q1 revenue, highest in five years

By Laurie Chen BANGALORE/BEIJING, Aug 13 (Reuters) - China's Lenovo Group reported a 43% jump in quarterly revenue on Thursday, beating forecasts and sending shares of the world's largest computer maker surging, as it rides an AI hardware boom and reaps the benefits of a global memory chip shortage.
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Taiwan, South Korea drive Asian equity outflows in July as AI worries bite

Taiwan, South Korea drive Asian equity outflows in July as AI worries bite

Aug 11 (Reuters) - Foreign investors sold Asian equities on a net basis for a ninth consecutive month in July, with heavy selling in Taiwan and South Korea as concerns over AI spending and chip demand weighed on the region's technology-heavy markets.
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Shein Faces Valuation Downgrade Amid Cooling Investor Interest for Hong Kong IPO

Shein Faces Valuation Downgrade Amid Cooling Investor Interest for Hong Kong IPO

Shein Faces Valuation Downgrade Amid Cooling Investor Interest for Hong Kong IPO
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SEC Director General Advocates Capital Market for Financing Abuja Infrastructure

SEC Director General Advocates Capital Market for Financing Abuja Infrastructure

Emomotimi Agama, Director General of the Securities and Exchange Commission (SEC), has proposed that the Federal Capital Territory Administration (FCTA) in Nigeria leverage the capital market to finance infrastructure projects in Abuja. Speaking at the Abuja Business and Investment Summit and Expo, Agama suggested using instruments like infrastructure bonds, green bonds, and real estate investment trusts to fund projects such as roads, rail, and housing. He emphasized that capital markets provide a sustainable financing model, allowing for long-term economic growth without overburdening annual budgets.
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Senator Cortez Masto Advocates for Domestic Rare Earth Magnet Production

Senator Cortez Masto Advocates for Domestic Rare Earth Magnet Production

Senator Catherine Cortez Masto has introduced the Rare Earth Magnet Security Act, which aims to bolster domestic production of rare-earth magnets by providing a tax credit of $20 per kilogram, increasing to $30 if components are domestically produced or recycled. This initiative is part of a broader bipartisan effort to reduce U.S. reliance on foreign sources, particularly China, which dominates the global market for rare-earth elements. The act has garnered support from the mining industry and aligns with a Democratic strategy to enhance industrial policy through competitive financing and strategic stockpiles.
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SK hynix Plans 50% Production Boost in China, Considers Solidigm IPO

SK hynix Plans 50% Production Boost in China, Considers Solidigm IPO

SK hynix Plans 50% Production Boost in China, Considers Solidigm IPO
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NioCorp's Elk Creek Project to Produce Eight Critical Minerals with $4.1 Billion NPV

NioCorp's Elk Creek Project to Produce Eight Critical Minerals with $4.1 Billion NPV

NioCorp's Elk Creek Project to Produce Eight Critical Minerals with $4.1 Billion NPV