Bank Indonesia is taking a firm stance against cryptocurrencies as it urges all parties to refrain from owning, selling or trading the tokens.
“Owning virtual currencies is very risky and inherently speculative,” the central bank said in a statement Saturday. The digital tokens “are prone to forming asset bubbles and tend to be used as method for money laundering and....More>>>
China’s growing military might is prompting other nations in the region to spend more on weapons.
That trend is in evidence Tuesday at the start of the Singapore Air Show, where a host of countries and companies are showing off their defensive hardware.
Australia is displaying a pair of converted Boeing (BA) airliners that are used for tracking the skies and seas around the....More>>>
IMAX China (OTC:IMXCF) (OTC:IXCNY) [HKG:1970], the market leader in theater screening technology in China and the exclusive licensee of the IMAX brand in the country, is currently trading at a discount of more than 30% to its IPO price in 2015, while its forward P/E multiple is at the lower end of where listed peers are trading. The stock’s valuation should experience....More>>>
Four companies are targeting $247 million in the last active week of the 2017 IPO market. LexinFintech (Pending:LX), a Chinese online microloan company, leads the pack with the largest deal of the week. Other IPOs include a life insurer and two small healthcare deals. While it is unusual to see so many IPOs this close to the holidays, we note that LexinFintech is likely pre-sold in China, and the....More>>>
To blockchain developers and cryptocurrency watchers, the entire system has a mind of its own and is one step ahead of the market, at least two steps ahead of regulators. It’s lack of physical roots make it nearly impossible to control. China tried. (Shutterstock)
(The original version of this story, published on Oct. 19, said Red Pulse was based in Shanghai and raised $30 million in....More>>>
A pile of rusty pipes and materials are all that remain of Lanzhou New Area’s tram project. Only a year ago it was a flagship public-private partnership for the planned city in Central China, before it fell victim to President Xi Jinping’s debt clampdown.
"The project is dead," said a guard at the office, who gave only his surname, Le. Nearby, the tram tracks are paved....More>>>
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Officials at the Delaware Department of Insurance say they’re still reviewing efforts by China Oceanwide Holdings Group Co. Ltd. to acquire Genworth Financial Inc.
China Oceanwide has been trying to acquire Genworth since October. Once....More>>>
From the saddle of a Harley-Davidson motorcycle, you not only get a view of the open road buta glimpse into a manufacturing world where parts of the American-made bikes could be from Asia, Europe or South America.
Harley, the worlds largest manufacturer of heavyweight motorcycles, doesnt disclose where most of the parts are sourced, but industry sources say the company gets them from the....More>>>
The China tariffs are back on.
On Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in US high-tech industries.
The decision comes after top administration officials have tried to dampen fears of a trade war.
Treasury Secretary Steven....More>>>
China’s Hollysys Automation Technologies (NASDAQ:HOLI) stock is up 14.3% as of 11:30 a.m. EDT, after hitting a high as much as 26% above yesterday’s close earlier this morning.
The Chinese automation and control technologies specialist released its financial results for its fiscal third quarter of 2018 last night, reporting $0.36 per share in profit on sales....More>>>