Some Asian firms have disclosed cash deposits at troubled U.S. lender Silicon Valley Bank (NASDAQ: SIVB), known for its deep ties with the healthcare and tech sector. Most emphasized that the amounts were immaterial to their operations.
Jerome Powell's recent comments on cryptocurrency have caused a stir, with the Federal Reserve Chair suggesting they could become worthless if the U.S. introduces its own central bank digital currency. How true is this? Let’s break it down.
According to UBS Group AG (NYSE: UBS), China's stock market may see an inflow of around 600 billion yuan ($86.8 billion) of excess savings from the nation's households.
U.S.-based short seller Grizzly Research issued a short report Thursday on ZTO Express Inc (NYSE: ZTO), one of the leading players in China’s domestic logistics market.
During a two-day conference held in Guangzhou on Monday, China Audio-Video and Digital Publishing Association called for stricter regulations on the time and money spent by young people on video games.