#cny
Latest cryptocurrency news and articles about cny. Stay updated with developments, analysis, and insights.
Shipping invoice on Saudi, China oil route hits highest level in 2.5 years
Shipping costs for oil from Saudi Arabia to China just jumped to $87,000 a day, the highest rate in two and a half years, according to Bloomberg. That’s the current price tag for moving 2 million barr...
Trump’s Treasury Secretary credits POTUS ultimatum for TikTok China deal
Treasury Secretary Scott Bessent said Tuesday that Donald Trump made it clear he was ready to shut down TikTok completely in the U.S., and that decision forced China to make concessions. “President Tr...
Trump pushes for semiannual earnings reports, abandoning quarterly reviews
Donald Trump, from the White House on Monday, said companies in the U.S. should stop filing earnings reports every quarter. He announced the plan directly on Truth Social, saying the new idea, reporti...
Nvidia stock drops 3% after China accuses it of anti-monopoly breach
Nvidia’s stock dropped 3% on Monday morning after Beijing publicly accused the company of breaking China’s anti-monopoly law. The allegation came from China’s State Administration for Market Regulatio...
US Democrats urge Scott Bessent to press China on overproduction
Democrats in Washington told Scott Bessent to go hard on China this week as he meets their officials in Spain. On Friday, members of the House Select Committee on China sent a letter urging Scott, alo...
U.S. and Chinese officials meet in Madrid to discuss trade, TikTok divestment, and tariffs over Russian oil
U.S. and Chinese officials met in Madrid on Sunday to deal with three major fights: trade tensions, the deadline to force TikTok out of U.S. hands, and Washington’s campaign to punish China over oil p...
China's yuan climb sets the stage for emerging-market currencies rally
China tightened the leash on its currency and let the yuan rise sharply against the dollar on September 9, signaling what looks like a new phase in Beijing’s foreign exchange playbook. The People’s Ba...
China targets US analog chips in counter to Trump move on SMIC-linked firms
On Saturday, China’s Ministry of Commerce kicked off an anti-dumping investigation into American analog integrated circuit chips, accusing U.S. companies of selling at unfairly low prices. That same d...
China reviews 2025 auto sales target downward as local sales slow
China has unveiled its vehicle sales target for 2025, and it’s already short of what the country’s top automakers expected. On Friday, the Ministry of Industry and Information Technology, along with s...
Apple’s iPhone Air shipments delayed in China amid eSIM review
Apple’s latest iPhone Air is facing regulatory delays in China. However, the company confirmed that all three of the country’s major telecom operators will support the device’s embedded SIM technology...
Xpeng recalls 47,490 P7+ sedans, affecting over 70% of owners due to steering defects
The Chinese automaker Xpeng Inc. has recalled over 47,000 units of its popular P7+ sedan. The recall dealt another blow to the Chinese EV market as a leading brand had to recall one of its most popula...
India insists no disruptions to Foxconn as Chinese engineers return home
A top government official has revealed that India does not expect major service interruption at Foxconn after the company ordered its Chinese employees at the company’s Indian operation to return home...