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☆ Russia and North Korea’s Defense Pact Is a New Headache for China
▼ + stars: | 2024-06-20 | by ( David Pierson | Choe Sang-Hun | ) www.nytimes.com time to read: +1 min

In the contest of global narratives, China has sought to cast itself as a peaceful nation opposed to dividing the world into rival camps. In contrast, it has accused the United States of building alliances that will drive the world toward a new Cold War. Yet Russia and North Korea’s mutual defense treaty, which calls for the two countries to provide immediate military assistance to each other in the event of war, is exactly the kind of bloc-building that China has charged the United States with. China’s closest strategic partner and its only treaty ally — Russia and North Korea — are now the ones heightening the risk of Cold War-style confrontation in northeast Asia. The pact also creates more headaches for Beijing by appearing to deepen the semblance of a trilateral axis between China, Russia and North Korea, which China has sought to avoid.

Persons: —, ”, Yun Sun Organizations: “, Stimson Locations: China, United States, Russia, North, — Russia, North Korea, Asia, Beijing, “ Beijing, Washington

☆ Awkward Chinese youths are paying AI love coaches $7 weekly to learn how to talk on dates
▼ + stars: | 2024-06-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewSocially awkward and chronically single Chinese youth are turning to AI-powered love coaches to boost their dating game, according to a new report from the South China Morning Post. Unsure of what to say during dates or how to flirt, some youths are using AI applications like "RIZZ.AI" and "Hong Hong Simulator" to learn how to talk to potential love interests, the SCMP reported, citing posts on the app seen on Chinese social media. A 2023 survey by the China Youth Daily Social Survey Center found that young people in China report lacking social skills and having trouble breaking out of their comfort zones and making friends. AdvertisementWith the RIZZ.AI app, nervous youth can interact with fictional characters in scenario settings they must navigate. Screenshot/RIZZ.AIA more China-tailored app, Hong Hong Simulator, teaches users how to coax angry partners, per the SCMP.

Persons: —, Maddie, Kristen, ChatGPT, DAN, Lisa Organizations: Service, South China Morning, Hong, Business, China Youth Daily Social Survey Center Locations: China

☆ Putin arrives in Vietnam as Russia seeks support in face of Western isolation
▼ + stars: | 2024-06-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Considered a pariah by the West, Putin is looking to boost economic ties with friendly countries and show that Western isolation is not having an impact. Vietnam was among several Southeast Asian countries that abstained from joining a global summit on Ukraine in Switzerland last week. Last week, Vietnam sent a delegation led by its Deputy Minister of Foreign Affairs to attend the BRICS Foreign Ministers’ Summit in Russia. Analysts say Russia is likely to get more out of the visit than Vietnam, and Hanoi may even suffer reputational damage by hosting Putin following his trip to North Korea. “If no substantive deals are made, the visit will mainly be symbolic and a means for Putin and Russia to show the world that Western sanctions against Russia are not working,” said Le.

Persons: Vladimir Putin, Kim Jong, Putin, Nguyen Phu Trong, Lam, Minh, Yury Ushakov, Xi Jinping, Joe Biden, ”, Le Hong Hiep, – Yusof, Le, ” Putin, Xi, –, John Kirby, Anwar Ibrahim Organizations: CNN, West, US, Reuters, Communist Party General, Vietnam’s, Vietnam News Agency, ” TASS, TASS, ”, Vietnam Studies, International Criminal Court, ICC, United Arab, Foreign Ministry, Foreign Affairs, ’ Summit, Analysts, Putin Locations: Hanoi, North Korea, Ukraine, Vietnam, Moscow, United States, China, Russia, Pyongyang, Russian, Soviet, India, US, South China, Switzerland, Beijing, Kazan, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, Malaysia, BRICS, “

☆ Philippines blames China for ‘personnel injury and vessel damage’ in South China Sea collision
▼ + stars: | 2024-06-19 | by ( Kathleen Magramo | Nectar Gan | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Manila has accused China of injuring Filipino personnel and damaging Philippine vessels during a South China Sea collision earlier this week, as tensions simmer over territorial disputes in the resource-rich and strategically important waterway. CNN has reached out to the Department of Foreign Affairs, the Armed Forces of the Philippines and the Philippine Coast Guard for comment. China claims “indisputable sovereignty” over almost all of the South China Sea, and most of the islands and sandbars within it, including many features that are hundreds of miles from mainland China. A supply ship and two rubber boats from the Philippines had attempted to “illegally” deliver supplies to the stranded warship, China Coast Guard spokesperson Gan Yu said. China’s Coast Guard also said it took measures including “warnings and interceptions, boarding inspections and forced evictions” against the Philippine vessels.

Persons: Shoal, “, Lin Jian, Ferdinand “ Bongbong ” Marcos Jr, Marcos, Ren’ai Jiao, Thomas, China’s, ”, Gan Yu, Matthew Miller Organizations: Hong Kong CNN —, Philippine Department of Foreign Affairs, Associated Press, Philippine Department of Foreign, CNN, Department of Foreign Affairs, Armed Forces, Philippine Coast Guard, Times, China Coast Guard, Foreign Ministry, Chinese Coast Guard, Philippine, South China, BRP, BRP Sierra Madre, Philippine Navy, China’s Coast Guard, US State Department Locations: Hong Kong, Hong Kong CNN — Manila, China, Philippines, Spratly, Philippine, South, South China, Manila, The Hague, Beijing, Palawan, Vietnam, Malaysia, Brunei, Taiwan, BRP Sierra, China’s, States

☆ China launches anti-dumping probe into imported EU pork as trade tensions grow
▼ + stars: | 2024-06-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Beijing has launched an anti-dumping investigation aimed at certain pork products from the European Union, days after the Brussels raised tariffs on Chinese vehicles. China's Ministry of Commerce announced Monday it had opened an investigation into imported pork and its by-products originating from the EU, including pork offal, pig fat, pig intestines, bladders, and stomachs. The investigation is expected to conclude within 12 months, though it could be extended for a further six months, the ministry said. The European Union Chamber of Commerce in China said the EU pork investigation was Beijing's retaliation for recent tariffs on Chinese EVs. In response to questions, a Chinese commerce ministry official said the probe was first initiated by a formal complaint by a domestic industry group, the China Animal Agriculture Association.

Organizations: European Union, China's Ministry of Commerce, European Union Chamber of Commerce, EU EV, CNBC, China Animal Agriculture Association Locations: Beijing, Brussels, China

CNN —Ecuador is temporarily suspending a visa waiver agreement with China, citing evidence of irregular migration flows of Chinese citizens through the small South American country. A statement from the Ecuadorian Foreign Ministry on Tuesday said that about half of Chinese citizens who entered the country in recent months did not leave through “regular routes” or within the 90 days they were permitted to stay. In 2023, Ecuador documented 48,381 entries by Chinese nationals and about 24,240 exits, leaving a difference of 24,141 – the highest number of any nationality, according to data from the national statistics institute. By contrast, Ecuador documented around 13,000 Chinese nationals entering in 2022. Ecuador said it is committed to the security of visitors to prevent them from being victims of human trafficking as well as ensuring “adequate national immigration control.”Asked about Ecuador’s decision to suspend visa waivers, Chinese foreign ministry spokesperson Lin Jian said, “Since the China-Ecuador Mutual Visa Exemption Agreement came into effect in August 2016, it has played a positive role in bilateral personnel exchanges and practical cooperation in various fields.”Lin added that China “firmly opposes any form of smuggling activities” and that its law enforcement agencies have “vigorously cracked down on illegal crimes that impede border management.”

Persons: zou xian ”, ”, Lin Jian, ” Lin, China “ Organizations: CNN, Ecuadorian Foreign Ministry, Ecuador Locations: Ecuador, China, Quito

☆ Chinese official slams EU probe into EV subsidies as 'selective'
▼ + stars: | 2024-06-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

"The Commission considers that the sample was selected in accordance with the WTO rules and the corresponding EU legislation in this regard," he said. "The Volkswagen Group confidently accepts the growing international competition, including from China, and sees this as an opportunity. The NDRC's Jin added that the EU anti-subsidy probe does not appear to be based off an industry or business complaint. "Consequently, the Commission has reached out to Chinese authorities to discuss these findings and explore possible ways to resolve the issues identified in a WTO-compatible manner," the EU statement said. The Biden administration in May announced it would raise tariffs on imports of Chinese electric cars from 25% to 100%.

Persons: Olof Gill, Gill, BEV, Oliver Zipse, Elon, Jin, EU's Gill, BEV producers, Biden Organizations: CNBC, WTO, Major, Volkswagen Group, EU, Volkswagen, U.K, BMW Group, BMW, SAIC, EV, EVs Locations: Union, China, Germany, Europe, Western Europe, Shanghai, EU, WTO

☆ Xi's claim that the US is trying to trick China into invading Taiwan is meant to divide the US and its allies: experts
▼ + stars: | 2024-06-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewXi Jinping's claim that the US is trying to trick China into invading Taiwan is aimed at driving a wedge between the US and its European allies, experts told Business Insider. But in addressing the issue with the EU leader, Xi was trying to counter the US narrative and undermine transatlantic relations, Scobell said. "Also, China knows that the EU is generally ambivalent about backing the United States in a war with China over Taiwan," he added. However, over the last few years, the mood in Washington, DC, has shifted toward greater hawkishness, Graeme Thompson, an analyst with the Eurasia Group, told Business Insider in November. Under its One China policy, the EU recognizes the People's Republic of China as the sole legal government of China.

Persons: —, Ursula von der Leyen, Xi, Andrew Scobell, Scobell, Craig Singleton, Singleton, Timothy Heath, von der Leyen, Graeme Thompson, Mike Pompeo, John Bolton Organizations: Service, European, Financial Times, Business, US Institute of Peace, BI, EU, Foundation, Defense of Democracies, Taiwan, RAND, Eurasia Group, Royal Services Institute Locations: China, Taiwan, Beijing, Ukraine, United States, Washington ,, People's Republic of China, EU, Taiwan Strait

☆ Facing E.V. Tariffs, China Threatens Pork Imports From Europe
▼ + stars: | 2024-06-17 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

China on Monday threatened to impose tariffs on pork imports from Europe, in what appeared to be retaliation for the European Union’s decision last week to impose preliminary tariffs on electric cars imported from China. China’s Ministry of Commerce announced that it had opened an investigation into whether pork from the European Union was being dumped in China at unfairly low prices. The case could result in tariffs on dozens of products, from pork chops to pickled pig intestines. The European Union had no immediate comment on the Chinese action. By choosing pork imports as the apparent payback for the electric vehicle tariffs, China is turning to a playbook it followed during its last major trade fight with the European Union over a decade ago.

Organizations: China’s Ministry of Commerce, European, China Animal Agriculture Association, European Union Locations: China, Europe, European Union

☆ Apple analyst Kuo says new Apple Watch will include larger screen, thinner design
▼ + stars: | 2024-06-17 | by ( Katie Bartlett | ) www.cnbc.com time to read: +1 min

Apple Analyst Ming-Chi Kuo said in a blog post on Monday that the next Apple Watch will be thinner and have a larger screen. The Apple Watch Series 10 is expected to be released in September when the company typically introduces its next batch of wearables and new iPhone models. Kuo said the screen sizes on the two Apple Watch models will increase from 41 millimeters to 44 millimeters and from 45 millimeters to 49 millimeters. The watch will include components manufactured using 3D printing technology starting in the second half of the year, Kuo added. Kuo also cited the potential for the technology to be used in the production of Apple Watch cases.

Persons: Chi Kuo, Kuo Organizations: Apple, Apple Watch, Technologies Locations: China

☆ Americans are still paying more for shoes, luggage and hats after Biden left Trump’s tariffs in place
▼ + stars: | 2024-06-16 | by ( Katie Lobosco | ) edition.cnn.com time to read: +12 min

Courtesy Abby ChowningThe tariffs Biden left in place – which are paid by US importers and not China – hit roughly $300 billion of goods. After Trump’s tariffs hit, some US companies sought new manufacturers in other countries. The Covid-19 pandemic upended the global economy roughly two years after Trump’s trade war began. Several studies show that Trump’s tariffs only marginally contributed to the rise in US inflation experienced after the pandemic and the following supply chain crisis. Trump’s tariffs were meant to get China to address those issues.

Persons: Donald Trump, Trump, Tiffany Zarfas Williams, ”, Zarfas Williams, Joe Biden, –, “ Trump, ” Biden, “, Biden, ’, Abby, China –, Rick Muskat, Jake Muskat, Alena Margolis, Muskat, ” Muskat, Phil Page, Page, Bryan Finch, ” Page, Morgan, Nate Herman, Matt Priest, Priest, Steve Madden, ” Jared Bernstein, we’ve, ” Bernstein, Justin Sullivan, ” Herman, Xi Jinping, Biden “ Organizations: Washington CNN —, China, Trump, Biden, Deer Stags, JCPenney, America, Cap America, American Apparel & Footwear Association, Bureau of Labor Statistics, Footwear Distributors, Retailers of America, Adidas, Columbia, Nike, White House Council, Economic Advisers, China Business, Trade, National Council of Textile Organizations, Port Locations: Lubbock, Texas, China, Ukraine, Missouri, Vietnam, Bangladesh, Port of Oakland, Oakland , California

☆ Japan did it first. Chinese stocks with some of the biggest global upside
▼ + stars: | 2024-06-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

If the international expansion of Japanese companies is any guide, Chinese companies still have significant potential left in the global market. The company did not break out overseas revenue for the first quarter, but said overall revenue grew by 14% from a year ago to 3.8 billion yuan. When compared to Japanese companies, the contribution of overseas revenue to the total for Chinese businesses is low across industries. "We believe Zhejiang Dingli will benefit from strong boom lift sales growth, especially in the US market," the HSBC report said. I think the conversation has moved now more toward being tough on global trade or free trade," David Chao, global market strategist, Asia Pacific (ex-Japan), at Invesco, said during a webinar Thursday.

Persons: Steven Sun, Christine Peng, Anker, Dingli, Snibe, David Chao, — CNBC's Michael Bloom Organizations: HSBC, CSI, Japan's Nikkei, HSBC Qianhai Securities, UBS Asia Pacific, Companies, Amazon, Apple, Google, U.S . Commerce Department, Shenzhen New Industries Biomedical Engineering, Asia Pacific, U.S, Association of Southeast Asian Nations, Union Locations: China, Japan's, Shanghai, Germany, Indonesia, East, South America, Shenzhen, Zhejiang, Snibe — Shenzhen, U.S, Asia, Japan, Invesco, Singapore, The U.S

☆ China wants a fleet of aircraft carriers for pride and power, and it's building it at a breakneck pace
▼ + stars: | 2024-06-15 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Read previewChina is building a fleet of aircraft carriers, making technological and capability jumps at a breakneck pace. An aerial drone photo taken on May 1, 2024 shows China's third aircraft carrier, the Fujian, during its maiden sea trials. The aircraft carrier USS Gerald R. Ford transits the Strait of Gibraltar, Jan. 5, 2024. For China, having aircraft carriers allows it to enjoy many of those perks. A composite image shows the American flag flying near the bridge of the US Navy's first-in-class aircraft carrier USS Gerald R. Ford and the Chinese flag flying near China's aircraft carrier Shandong.

Persons: —, Pu, would've, Matthew Funaiole, Xi Jinping, Kyle Amonson, Dane Egli, Xi, Funaiole, Gerald R, Navy Petty, Jacob Mattingly, Trenton, Li Gang, Cmdr, Michael Dahm, Peter W, Singer, Guy Snodgrass Organizations: Service, Business, Ford, Getty, China Power, Center for Strategic, International Studies, Jiangnan Shipyard, Getty Images, People's Liberation Army, Communist Party, US Coast Guard, Pacific Affairs, Chinese Communist Party, US Navy, Navy, DoD Aircraft, South China Seas, Pacific, Communication, Trenton Edly, US, New America, Defense, PLA Navy's Locations: China, Fujian, Shandong, Liaoning, Xinhua, Getty Images China, Taiwan, People's Republic of China, Gibraltar, Jan, South, Beijing

☆ Here are Friday's biggest analyst calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple & more
▼ + stars: | 2024-06-14 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler reiterates Pinterest as a top pick Piper said it's sticking with its overweight rating on the stock. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant remains a top pick at the firm. The firm also says it's sticking with its outperform rating on Apple. "We are reiterating our Buy rating and raising our price target on shares of Costco from $890 to $940." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it's sticking with its overweight rating on Tesla .

Persons: Bernstein, it's, D.A, Davidson, KBW, Tesla, underperform Bernstein, Musk, Piper Sandler, Pinterest, Piper, Evercore, Morgan Stanley, Sunrun, Guggenheim, Macquarie, Roblox, TD Cowen, Cowen, Michael Colglazier, Morgan Stanley downgrades Twilio, JPMorgan, GenAI, Wolfe, Elon Organizations: Bank of America, Elon, Spotify, UBS, TPC, Galactic, America, JPMorgan, Adobe, " Bank of America, Hasbro, of America, Monopoly, Apple, Baidu, Apple Intelligence, Costco, Nvidia, Tesla Locations: China

☆ China gripped by record heat, heavy rain, raising food security concerns in country
▼ + stars: | 2024-06-14 | by ( Edward Szekeres | Robert Shackelford | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China is grappling with extreme weather as severe drought and record temperatures scorch the north while heavy rains inundate the south, raising concerns about food security in the world’s second-largest economy. Areas of the country that produce a lot of rice and wheat have been badly affected, disrupting spring and summer planting seasons. The China Meteorological Administration (CMA) said on Wednesday that 28 regional weather stations broke their respective records for the highest temperature ever recorded in mid June. Meanwhile, southern parts of the country, the top rice growing region, have been grappling with weeks of downpours. These rains appear to be related to a seasonal monsoon pattern that can lead to intense showers over short periods.

Persons: Yang Wentao Organizations: Hong Kong CNN, Agriculture, CCTV, China Meteorological Administration, National Climate Center, Ministry of Agriculture, CMA, Flood, Drought Locations: China, Hong Kong, Henan, Shandong, Fenyang, Shanxi, Zhejiang, Fujian, Jiangxi, Hunan, Guangxi, Guizhou, —

☆ China's consumers are spending on experiences. Travel stocks to watch
▼ + stars: | 2024-06-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

In a report last week about China's consumer market potential, Bank of America Securities analysts chose hotel operator H World as one of its top picks. "We believe H World is best positioned to capture long-term growth in the China hotel industry given best-in-class execution," the analysts said. BofA rates H World a buy, and expects its U.S.-listed shares can reach $47. That's 30% above where H World shares closed Thursday. In China, H World also owns master franchisee rights for Mercure, Ibis and Ibis Styles, and co-development rights for Grand Mercure and Novotel.

Persons: Wang Xing, Meituan, Styles, Grand, Goldman Sachs, Morgan Stanley, Wang, Neil Shen, Shen, BTG's, BTG, Trip.com, — CNBC's Michael Bloom Organizations: HSBC, Hong, Bank of America Securities, Mercure, Grand Mercure, Novotel, Travelers, BTG Hotels, Shanghai, Jefferies Locations: Hong Kong, China, U.S, Asia, Macau, Taiwan, —, Mainland China

☆ Here are Friday's biggest analyst calls: Nio, Nvidia, UPS, Amazon, Oracle, Lyft, Microsoft, Walmart, Exxon, Netflix, AT&T & more
▼ + stars: | 2024-06-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

We reiterate our Buy rating." Deutsche Bank reiterates Adobe as buy Deutsche said it's sticking with its buy rating ahead of earnings next week. Loop reiterates Best Buy as buy Loop said it's sticking with its buy rating on the stock. "We maintain our above consensus Best Buy estimates, reiterate our Buy rating, and are raising our price target to $100 from $93." Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's standing by its overweight rating on the stock.

Persons: Oppenheimer, Wells, it's, TD Cowen, Wolfe, NVDA, Morgan Stanley, Nio, BTIG, Ally, Mizuho, JPMorgan, JPMorgan downgrades Vail, Lynch Organizations: Oppenheimer, UPS, Amazon Web Services, Nvidia, Norfolk Southern & Union Pacific, Union Pacific, Norfolk, Microsoft, Deutsche Bank, Deutsche, Colgate, Palmolive, China EV, Oracle, Adobe, JPMorgan, United Rentals, Barclays, Netflix, Vail, Exxon, " Bank of America, of America, underperform Bank of America, Bank of America, 3M, Citi, AT, Unilever

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Tesla, Netflix, Alphabet, United, JPMorgan, Carvana, Broadcom & more
▼ + stars: | 2024-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's sticking with its buy rating on the stock. JPMorgan upgrades StoneCo to overweight from neutral JPMorgan said in its upgrade of the fintech solutions company that it has "appealing" potential for earnings growth. Morgan Stanley reiterates JPMorgan as overweight Morgan Stanley said it's even more bullish on the stock after a meeting with company management. " JPMorgan reiterates Alphabet as overweight JPMorgan said the company is on the "offensive in Gen AI." JPMorgan reiterates Broadcom as overweight The firm said it's sticking with its overweight rating on shares of Broadcom.

Persons: Morgan Stanley, Tesla, Oppenheimer, DA Davidson, Davidson, Goldman Sachs, Goldman, Bernstein, FANG, Redburn, it's bullish, osteogenesis, it's, Robinson, JPMorgan, Disney, Evercore, Moffett, Carvana Organizations: Walmart, Apple, company's, Conference, Nvidia, Energy, Midland shaleco, Endeavor Energy Resources, Airlines, United, Citi, eBay, JPMorgan, BMO, UBS, Mizuho, SEE, P Containers, Deutsche Bank, Deutsche, Google, Jefferies, DFS, Disney, Netflix, CTV, Broadcom Locations: China, Midland, Rocklin

☆ China’s Chang’e-6 probe lifts off with samples from moon’s far side in historic first
▼ + stars: | 2024-06-04 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —China’s Chang’e-6 lunar probe departed from the far side of the moon on Tuesday, moving a step closer to completing an ambitious mission that underlines the country’s rise as a space superpower. Its return journey to Earth is estimated to take about three weeks, with a landing expected in China’s Inner Mongolia region around June 25. “The lunar surface is rich in basalt,” Zhou added. It marked the second time a mission has successfully reached the far side of the moon, after China first completed that historic feat in 2019 with its Chang’e-4 probe. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s, Bill Nelson, Nelson, –, “ zhong, CNSA, ”, Zhou Changyi, Zhou, James Head Organizations: Hong Kong CNN, Beijing, China National Space Administration, NASA, CNSA, Brown University, Luna Locations: Hong Kong, China, Mongolia, Aitken, India, Japan, Texas

Shares of Logitech are up 2% on the year and could rally another 17%, if Scemama's target price holds true. Analyst Kristine Liwag accompanied the move by raising her price target to $225 from $178. The bank reiterated its overweight rating on the credit card stock but lifted its price target to $275 from $265. International revs should run above the 10%+," the analyst added. Goldman analyst Tina Hou set a 12-month price target of $34, while Bank of America analyst Ming Hsun Lee set a price objective of $35.

Persons: Bernstein, Goldman Sachs, Goldman, TZE, Brian Lee, Lee, — Spencer Kimball, Didier Scemama, Scemama, — Lisa Kailai Han, Morgan Stanley, Kristine Liwag, Heico's, Liwag, Stanley Black, Decker, Julian Mitchell, Mitchell, Wells, Wells Fargo, Donald Fandetti, Fandetti, Canaccord, Kingsley Crane, Crane, Oppenheimer, Jed, Kelly foresees, FanDuel —, Kelly, Zeekr, Tina Hou, Ming Hsun Lee, Hou, Stacy Rasgon, Rasgon, Fred Imbert Organizations: CNBC, Broadcom, Bank of America, Investors, Technologies, Department of Energy, Logitech, Boeing, Barclays, Stanley, Nvidia, American, Express, American Express, U.S . American Express, Wall, Zeekr, China EV, China, Geely Automobile, AMD Locations: Monday's, EU, U.S, China, BofA

☆ Ukraine says China is in Russia's pocket. It may be the other way around.
▼ + stars: | 2024-06-03 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewAt the Shangri-La conference in Singapore on Sunday, Ukraine's President Volodymyr Zelenskyy accused China of doing Russia's bidding in seeking to disrupt a peace conference scheduled for June. "Regrettably this is unfortunate that such a big independent powerful country as China is an instrument in the hands of [Russian President Vladimir] Putin," said Zelenskyy of China, whose economy is vastly bigger than Russia's. Zelenskyy's remarks highlight the increasing interdependence between China and Russia in the wake of Russia's 2022 Ukraine invasion. It's bad news for Russia's President Putin, with the Russian gas industry having been badly impacted by sanctions and increasingly dependent on exports to non-Western countries, notably China. AdvertisementIf Xi comes out of the Ukraine war with little to show, then his credibility and bid to assert China as the world's major power will be seriously dented.

Persons: —, Volodymyr Zelenskyy, Vladimir, Putin, Xi Jinping, Xi, he's Organizations: Service, Business, Financial, Russia's, Central Asian Republics Locations: Singapore, China, Russia, Ukraine

☆ A Chinese spacecraft lands on moon’s far side to collect rocks in growing space rivalry with U.S.
▼ + stars: | 2024-06-02 | by ( ) www.cnbc.com time to read: +1 min

A Chinese spacecraft landed on the far side of the moon Sunday to collect soil and rock samples that could provide insights into differences between the less-explored region and the better-known near side. The landing module touched down at 6:23 a.m. Beijing time in a huge crater known as the South Pole-Aitken Basin, the China National Space Administration said. The mission is the sixth in the Chang'e moon exploration program, which is named after a Chinese moon goddess. It is the second designed to bring back samples, following the Chang'e 5, which did so from the near side in 2020. The moon program is part of a growing rivalry with the U.S. — still the leader in space exploration — and others, including Japan and India.

Persons: — Organizations: China National Space Administration, U.S, NASA Locations: Beijing, Aitken, China, Japan, India, United States, America

☆ China’s Chang’e-6 probe successfully lands on far side of the moon
▼ + stars: | 2024-06-01 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China’s Chang’e-6 lunar lander successfully touched down on the far side of the moon Sunday morning Beijing time, in a significant step for the ambitious mission that could advance the country’s aspirations of putting astronauts on the moon. China’s most complex robotic lunar endeavor to date, the uncrewed mission aims to return samples to Earth from the moon’s far side for the first time. The landing marks the second time a mission has successfully reached the far side of the moon. The probe will spend two days on the far side of the moon, and 14 hours to collect moon soil samples, Xinhua reported. Last year, India landed a spacecraft on the moon for the first time, while Russia’s first lunar landing mission in decades ended in failure when its Luna 25 probe crashed into the moon’s surface.

Persons: China’s Organizations: Hong Kong CNN, China National Space Administration, Xinhua, Luna, NASA Locations: Hong Kong, Beijing, Aitken, China, United States, Mongolia, India, Japan, Texas

Citi, meanwhile, initiated Lionsgate Studios with a buy rating. JPMorgan did lower its price target on Viasat to $23 per share from $30. The analyst reiterated his buy rating, noting that AI adoption is still in the early stages. The bank initiated coverage of the TV and movie studio with a buy rating. Its price target of $14 implies upside of more than 73% from Thursday's close.

Persons: Felix Liu, — Lisa Kailai Han, Sebastiano Petti, Petti, — Jesse Pound, Oppenheimer, Tyler Batory, Batory, — Hakyung Kim, Wynn, Vitaly Umansky, WYNN, Umansky, Wolfe, Eddie, Bill Carrache, Dell Dell, Wamsi Mohan, Dell, Mohan, Goldman Sachs, Michael Ng, Ng, Morgan Stanley, we're, Erik Woodring, Woodring, Jason Bazinet, LION, COVID, Fred Imbert Organizations: CNBC, Dell Technologies, Lionsgate Studios, Citi, UBS, JPMorgan, Viasat, Homes, Wynn Resorts, Seaport Research Partners, Wolfe Research, Third Bank Regional, Dell, Bank of America, DELL, Lionsgate Entertainment, Starz Locations: Bilibili, China, Viasat, Macau, Las Vegas, Vegas, Wall, Thursday's

☆ The US-China military relationship is in tatters. This is one of the last chances to save it.
▼ + stars: | 2024-05-31 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

The US and China's defense chiefs met for the first time in two years. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS and China defense chiefs held their first face-to-face meeting for two years amid escalating tensions over Taiwan and Ukraine. The meeting was part of a bid to repair the China-US relationship, which has become severely strained.

Persons: —, Lloyd Austin, Dong Jun, Wang Yi Organizations: Service, US, National Defense, US Department of Defense, Business Locations: Taiwan, Ukraine, China, Singapore

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