Beijing

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermidRegister now for FREE unlimited access to Reuters.comRegisterHONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing may be willing …

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Chinese tech giants share details of their algorithms with regulators

China has introduced rules that aim to govern how technology platforms use recommendation algorithms. It is part of a broader push from Beijing to more closely regulate China’s domestic technology sector.Thomas White | ReutersChinese technology giants shared details of their prized algorithms with the country’s regulators in an unprecedented move, as Beijing looks for more …

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Beijing detains high-flying Tsinghua semiconductor boss, report says

Zhao Weiguo, the former head of an expansive Chinese conglomerate with state backing and deep investments in the global technology sector, has been placed under investigation by officials in Beijing, according to local media.The 54-year-old, who led cash-strapped chipmaking giant Tsinghua Unigroup for a decade, has been out of contact after being taken from his …

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European markets open to close, China data, U.S. bank earnings

European stocks were higher on Friday morning, paring some of this week’s losses after weaker-than-expected data from China fueled fears of a global economic downturn. The pan-European Stoxx 600 index rose 1% during morning deals, with most sectors and major bourses in positive territory.Autos stocks led the gains, up more than 3.2%, while mining stocks …

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