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From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business

From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business

[ad_1] Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16.CFOTO | Future Publishing | Getty ImagesBEIJING — Several international corporations warned in the last week

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Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market

Singapore start-up Nium seeks up to $400 million in deals to take on Europe’s crowded fintech market

[ad_1] Europe's fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks.Oscar Wong | Moment | Getty ImagesLONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business.The company,

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China’s central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows

China’s central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows

[ad_1] The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China's economic growth.Fotoholica Press | Lightrocket | Getty ImagesBEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend

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As the U.S. 10-year Treasury yield keeps climbing, here’s what it means for China

As the U.S. 10-year Treasury yield keeps climbing, here’s what it means for China

[ad_1] BEIJING — The U.S. 10-year Treasury yield has risen rapidly to three-year highs, erasing its gap with its Chinese counterpart, something that hasn't happened for more than a decade.As the yields cross paths – the U.S. one rising above China's – that theoretically reverses an investment strategy that bought Chinese bonds for

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Investors turn cautious on Chinese stocks amid growth concerns

Investors turn cautious on Chinese stocks amid growth concerns

[ad_1] While mainland Chinese stock fund held onto inflows, European stock funds saw billions of dollars in net outflows in the first quarter, with declines in Japanese stock funds as well, according to EPFR.Marc Fernandes | Nurphoto | Getty ImagesBEIJING — Investors turned increasingly cautious on Chinese stocks, especially those

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Shanghai reports first Covid deaths since the start of its latest lockdowns

Shanghai reports first Covid deaths since the start of its latest lockdowns

[ad_1] Shanghai, China's largest city and the one hit hardest by the latest Covid outbreak, announced another round of mass virus testing that's set to end Thursday, April 21.Str | Afp | Getty ImagesBEIJING — Shanghai city reported Monday its first Covid-related deaths since the latest wave of lockdowns began

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China’s Covid policy locks down a city three times the size of New York

China’s Covid policy locks down a city three times the size of New York

[ad_1] The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east.Johannes Eisele | Afp | Getty ImagesChina's latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in

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