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☆ Nasdaq halts IPOs of small Chinese companies as it probes stock rallies
▼ + stars: | 2022-10-22 | by ( Echo Wang | ) www.reuters.com time to read: +5 min

The stock exchange operator's actions come amid a surge in the shares of Chinese companies that raise small amounts, typically $50 million or less, in their IPO. Nasdaq started asking the advisers of small Chinese IPO candidates questions in mid-September. Seven sources who work on IPOs of small Chinese companies spoke to Reuters on the condition that neither they nor their clients be identified. LOOPHOLESNasdaq's intervention underscores how liquidity standards it adopted in the last three years to prevent stock manipulation in small IPOs have loopholes that Chinese companies are exploiting. There have been 57 listings of small Chinese companies in the last five years, up from 17 listings in the prior five years, according to Dealogic.

☆ China Q3 growth seen bouncing 3.4%, but 2022 set for worst performance in decades
▼ + stars: | 2022-10-14 | by ( Kevin Yao | ) www.reuters.com time to read: +5 min

Growth is expected to pick up to 3.8% in the fourth quarter, bringing the 2022 pace to 3.2%, far below the official target of around 5.5%. Investors will look for policy signals from a historic congress of the ruling Communist Party due to start on Sunday. The expected 2022 growth would be lower than 4.0% analysts had forecast in a Reuters poll in July and 5.0% in April's forecast. The government is due to release third-quarter GDP data, along with Sept. activity data, on October 18 at 0200 GMT. Economic growth is forecast to quicken to 5.0% in 2023.

☆ If Taiwan is safe, chip supply chains will be secure, says Taiwan minister
▼ + stars: | 2022-10-11 | by ( David Shepardson | David Brunnstrom | ) www.reuters.com time to read: +2 min

WASHINGTON (Reuters) -Taiwanese Minister for Economic Affairs Wang Mei-Hua said on a visit to the United States on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure. She said Taiwan is keen for more cooperation between Taiwan and the United States to ensure resilient supply chains. “If Taiwan is safe, the global supply chain will also be secure. Asked whether Taiwan was concerned that U.S. government subsidies to encourage reshoring of chip manufacturing could lessen U.S. reliance on Taiwan, she said the Taiwanese semiconductor supply chain was “very, very concrete” having been built up over more than 40 years. “We have a very huge supply chain in Taiwan, that is difficult to duplicate, or difficult to replace.” she said.

☆ China's 'liberal' Wang Yang seen as possible premier as reshuffle looms
▼ + stars: | 2022-10-11 | by ( James Pomfret | ) www.reuters.com time to read: +4 min

During his time in Guangdong, which borders Hong Kong, Wang made his mark by pushing an upgrade of rusting industries and touting socially inclusive policies. Wang was passed over for promotion to the Politburo Standing Committee in 2012, but as vice premier he helped oversee China's external economic relations including with the United States. YOUTH LEAGUELike Li Keqiang and Vice Premier Hu Chunhua - another premiership contender - Wang has ties to the Communist Youth League, a faction seen to be a rival to Xi's. In recent years under Xi, Wang has seemingly tempered his reformist tendencies, echoing the party's tough line on sensitive political issues including Taiwan, Xinjiang and Tibet, while expressing support for Xi. Register now for FREE unlimited access to Reuters.com RegisterReporting by James Pomfret; Editing by Tony Munroe and Lincoln Feast.

☆ Trump-tied SPAC delays vote after falling short on shareholder support
▼ + stars: | 2022-10-10 | by ( Echo Wang | ) www.reuters.com time to read: +2 min

At least 65% of the shareholders of Digital World Acquisition Corp (DWAC.O) needed to agree to the extension. The special purpose acquisition company (SPAC) opted to push back the deadline to try to find more votes. Digital World last month said it had received termination notices from PIPE investors who were pulling out about $139 million of the total financing commitment. Digital World has not yet received approval from the U.S. Securities and Exchange Commission (SEC), which is reviewing its disclosures on the deal. Digital World is set to liquidate on Dec. 8, after managing to extend its life by three months in September.

☆ China's top leaders are set for a reshuffle. Here are the names to watch
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

China's top leadership team around President Xi Jinping is set to change this month at a twice-a-decade congress. One of the most closely watched changes in the political reshuffle is the future of Premier Li Keqiang, who turned 67 this year. However, he could remain a standing committee member, JPMorgan analysts said, pointing to a precedent at the 15th party congress. Huang Kunming — Politburo member and head of China's propaganda department, who worked closely with Xi in the provinces of Fujian and Zhejiang, the report said. Yang Jiechi, a 72-year-old Politburo member and director of the party's central committee foreign affairs office, is widely expected to retire.

☆ Sheng Wang's clean humor can make anyone laugh, 'from grandmas to porn stars,' he says
▼ + stars: | 2022-10-06 | by ( Diep Tran | ) www.nbcnews.com time to read: +6 min

That’s because Wang’s notoriety has just increased substantially, following his first-ever Netflix comedy special, “Sweet and Juicy.” Then again, Wang admits that it’s pretty easy to recognize him these days thanks to his look. But on “Sweet and Juicy,” Wang sports a goatee and a shoulder length mane of black hair. As Wang puts it, “It’s a look!” His hair grew out during the pandemic and he just didn’t cut it. And yet, he’s still surprised at how much his comedy special has resonated, not just with other Asian Americans, but with a diverse array of people. “It’s just all kinds of people at different ages, different careers, different parts of society, parents and their children, from grandmas to porn stars,” says Wang.

☆ Developer Sunac China seeks to extend payment for 4 bln yuan bond for the 3rd time-sources
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterAn advertisement of property developer Sunac China Holdings is seen at a residential complex in Shanghai, China March 25, 2018. REUTERS/Stringer ASHANGHAI, Sept 27 (Reuters) - Struggling Chinese property developer Sunac China (1918.HK) is seeking to extend the repayment for a 4 billion yuan ($558.35 million) bond for the third time by pushing out the deadline by another 6 months, two sources with knowledge said on Tuesday. Register now for FREE unlimited access to Reuters.com RegisterThe Beijing-based developer is struggling to repay its creditors and it is undergoing an offshore debt restructuring after defaulting some dollar bonds this year. The payment extension for the onshore bond in question will require bondholders approval, the sources said. In April, Sunac extended the principal payment by 18 months, and then in June reduced amortization payments due in June and September.

☆ World says goodbye to Britain's Queen Elizabeth from cafes and consulates
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +4 min

The hearse transporting the coffin of Britain's Queen Elizabeth drives near Royal Guards along Albert Road on the day of her state funeral and burial, in Windsor, Britain, September 19, 2022. And in Paris, France, bar owner Thibaud Dupont showed off his new tattoo of the monarch on his forearm. "She was not our queen, but she reigned over Britain for 70 years. "Her presence is literally everywhere," IT professional Victor Lai said outside the British Consulate General in Hong Kong, where people have queued for the past 10 days to sign a memorial book. In Bahrain, British expatriates paid tribute to Elizabeth at a service at St. Christopher's Cathedral in the capital Manama.

☆ How crypto billionaire Sam Bankman-Fried survived the market wreckage and still expanded his empire
▼ + stars: | 2022-09-16 | by ( Kate Rooney | ) www.cnbc.com time to read: +11 min

FTX also extended $500 million to struggling Voyager Digital, which later declared bankruptcy, and was in discussions to acquire South Korean crypto exchange Bithumb. While Bankman-Fried's cryptocurrency exchange FTX is suffering from the downturn in digital assets, he said market share growth helped offset the pain. FTX Trading Ltd. is headquartered in Antigua, with FTX Derivatives Markets based in the Bahamas, where Bankman-Fried lives. FTX Trading has acquired companies in Switzerland, Australia, Cyprus, Germany, Gibraltar, Singapore, Turkey and the United Arab Emirates, among other countries. watch nowLike Buffett, Bankman-Fried signed the Giving Pledge: a promise by the world's wealthiest individuals to donate the majority of their wealth to charity.

☆ Ethereum's path to $40,000, plus 5 stock picks from Baillie Gifford
▼ + stars: | 2021-05-09 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

Here's what's on the docket:If you aren't yet a subscriber to Insider Investing, you can sign up here. Wang also laid out a valuation framework that explains how the red-hot cryptocurrency could eventually reach $40,000. Read the full story here:Dave Bujnowski Baillie GiffordDave Bujnowski is an investment manager for the $144.9 million Baillie Gifford US Equity Growth fund, which returned 125% in 2020. He shares 5 stocks set to benefit from the end of the pandemic and a hyperconnected economy. For more tips, tricks, and best practices on your path to financial success, tune in Tuesday, May 18 at 12 p.m.

The cruise ship is the biggest cluster of infected people outside China, with some 285 confirmed cases out of 3,500 passengers and crew. 6:00 pm: First coronavirus death confirmed in Europe, French health minister saysAn 80-year-old Chinese tourist has died of the new coronavirus in a hospital in France, French Health Minister Agnes Buzyn said Saturday, confirming the first fatality from the fast-spreading respiratory virus in Europe. watch nowThe cruise ship is the biggest cluster of infected people outside China, with some 285 confirmed cases out of 3,500 passengers and crew. — Feuer1:21 pm: CDC concerned with report of infected health workers in ChinaA U.S. Centers for Disease Control and Prevention official said the notice from China's National Health Commission about 1,716 health workers infected with the coronavirus was "concerning." Dr. Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases, told reporters during a press briefing that there are currently no U.S. health workers infected with the virus.

☆ Chinese foreign minister attends Munich Security Conference amid coronavirus outbreak
▼ + stars: | 2020-02-14 | by ( Amanda Macias | ) www.cnbc.com time to read: +1 min

MUNICH — Chinese Foreign Minister Wang Yi will travel to Germany this weekend to discuss the outbreak of the deadly coronavirus, among other national security issues. Wang is slated to give a keynote speech at the annual Munich Security Conference, which begins Friday and runs through Sunday. Follow CNBC's live blog on the coronavirusSince the deadly outbreak, Wang is the first Chinese senior official to travel overseas. Wang's trip to Munich comes as German auto manufacturers brace for production and sale setbacks from the deadly coronavirus. His trip also comes on the heels of White House officials expressing doubts about the information coming out of China regarding the coronavirus.

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