Leumi Israel’s Second-Largest Bank to Offer Bitcoin and Ethereum Trading
Bank Leumi (OTC: BLMIF) (LUMI.TA) will become the first Israeli bank to enable cryptocurrency trading, its digital platform Pepper Invest said on Thursday after partnering with U.S. blockchain firm Paxos.
Why Alibaba And Tesla Rivals Nio, Xpeng Are Sliding In Hong Kong Today
Shares of U.S.-listed Chinese tech companies traded notably lower in Hong Kong on Friday amid lingering worries about U.S.-delisting fears of dual-listed Chinese companies.
Rising Battery Costs Pressure EV Manufacturers: Is Tesla Better Positioned Than Most?
The Russian invasion of Ukraine crisis has led to a spike in the prices of materials used in electric vehicle batteries, which account for the bulk of the cost of these eco-friendly vehicles.
ZTO Emerges from Latest Delivery Price Wars With Return to Profit Growth
Key Takeaways:
ZTO’s adjusted profit grew 35% in the fourth quarter, reversing a trend that saw the figure decline in five of the last seven quarters
Return to profit growth comes as recent price war eases, and amid growing signs of consolidation in the fragmented logistics sector
By Shirley Lau
Leapmotor Enters EV Race to Capital Markets With Hong Kong IPO Plan
Key takeaways:
Leapmotor plans to go public in Hong Kong, becoming the fourth Chinese electric vehicle startup to list on the exchange
The money-losing company is trying to shift gears from making mini EVs to more traditional sedans at the mid- to high-end of the market
By Ken Lo
Nio’s First ET7 Sedans Roll Off The Production Line Ahead Of Q4 Earnings
Nio, Inc. (NYSE: NIO) has a lot riding on the new models it has scheduled for launch this year. One of the imminent catalysts on this front may be materializing in favor of the company.
Tesla Rivals Xpeng, Li Auto Gain While Alibaba Slips: Why Hong Kong Markets Are Trading Mixed Today
Shares of U.S.-listed Chinese tech companies traded mixed in Hong Kong on Thursday after tech conglomerate Tencent Holdings Limited (OTC: TCHEY) reported weak earnings results for the fourth quarter.
Why China Hasn’t Condemned Russia: American-Led Sanctions Against Russia For Its Invasion Of Ukraine Are Fueling A Global Realignment.
"The friendship of the peoples of China and the Soviet Union is everlasting." 1967 Sino-Soviet propaganda poster (via Soviet Visuals).
Why Is The Currency Of The World’s Third-Largest Economy Tanking?
The Japanese economy is the third-largest national economy, and the Japanese yen (JPY) is the third most commonly traded currency after the U.S. dollar and the euro.
Since 2012, the JPY has weakened from 75 yen against the dollar to just over 120 yen against the dollar today. This month has seen the yen weaken by 5% so far.