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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
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US To Place Over 30 Chinese Firms On Trade Blacklist: Report
Once a company is added to the entity list, its U.S. suppliers must seek a special license to ship even low-tech items to it.
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What Market Watchers Say About China Unrest And The Global Impact
Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.
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Sensex Rises Over 270 Points, Stalling A Three-Day Losing Streak
Stock Market India: Equity benchmarks rose on Tuesday, stalling a three-session losing streak buoyed by a recovery in Chinese shares.
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
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How Will Crackdown On Chinese Phonemakers Benefit Indian Manufacturers
How will the ban on Chinese mobile phones impact Indian stock markets?
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Chip Manufacturer Stocks Fall Globally as Taiwan Tensions Mount Ahead of Expected Nancy Pelosi Visit
Chip manufacturer stocks fell in global markets on Tuesday, in a fresh escalation of tensions between the US and China, ahead of an expected visit by US House of Representatives Speaker Nancy Pelosi to Taiwan. Semiconductor stocks globally felt the heat, including TSMC, United Microelectronics, Infineon, Intel, Qualcomm, Micron, and Nvidia.
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Didi Global To Start Work On Delisting From New York, To Pursue Listing In Hong Kong
Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday, after it ran afoul of Chinese regulators by pushing ahead with its $4.4 billion U.S. IPO in July.
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Didi May Come Under China’s State Control, Beijing Proposes Government-Run Firms Invest in Company: Report
China is considering taking Didi under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, as per a report.
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Tencent Is World's Worst Stock Bet With $170 Billion Wipeout
The Chinese Internet giant had tumbled 23% in July as of Wednesday, set for its worst month ever after erasing about $170 billion of market value.
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Sensex Sheds Over 500 Points From Day's High; Pharma, Financial Stocks Weak
Asian stocks fell to fresh seven-month lows on Tuesday, with the Hang Seng index crashing 4 per cent, dragged by a third straight session of heavy selling of Chinese internet giant companies
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China Blocks Didi Chuxing App After Its US IPO
Didi's debut in the US stock market was also the largest one by a Chinese company after Alibaba, debuting with a market cap of $67 billion.
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Alibaba, Tencent Stocks Dive As US Delisting Threat Joins Crackdown Fears
Tencent and Alibaba slid more than 5 per cent in Hong Kong Thursday before paring losses, joining a U.S. selloff that wiped more than 20 per cent off Chinese tech names
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US Law Threatens To Delist Chinese Companies From Stock Markets
The US House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country's auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office.
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Qualcomm Predicts Q4 Sales Below Market Estimates Due to Macroeconomic Headwinds, Weaker Global Handset Units
Qualcomm has predicted that its fourth-quarter sales would fall below market estimates, as the California-based chipmaker deals with slowing global economic growth and consumer spending on smartphones remained weak. The firm also said that its forecast for the remainder of 2023 assumes no "material revenue" from Chinese smartphone maker Huawei.
-
US To Place Over 30 Chinese Firms On Trade Blacklist: Report
Once a company is added to the entity list, its U.S. suppliers must seek a special license to ship even low-tech items to it.
-
What Market Watchers Say About China Unrest And The Global Impact
Comments from market watchers on the China unrest after Chinese stocks slumped as recent monetary easing measures failed to offset investor worries.
-
Sensex Rises Over 270 Points, Stalling A Three-Day Losing Streak
Stock Market India: Equity benchmarks rose on Tuesday, stalling a three-session losing streak buoyed by a recovery in Chinese shares.
-
Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
-
Stocks Struggle To Advance As Surprise China Rate Cut Sends Oil Tumbling
Global shares struggled to advance on Monday while investors digested news of an unexpected cut in Chinese interest rates as data pointed to faltering growth in the world's second largest economy, sending oil prices nearly 2 per cent lower.
-
How Will Crackdown On Chinese Phonemakers Benefit Indian Manufacturers
How will the ban on Chinese mobile phones impact Indian stock markets?
-
Chip Manufacturer Stocks Fall Globally as Taiwan Tensions Mount Ahead of Expected Nancy Pelosi Visit
Chip manufacturer stocks fell in global markets on Tuesday, in a fresh escalation of tensions between the US and China, ahead of an expected visit by US House of Representatives Speaker Nancy Pelosi to Taiwan. Semiconductor stocks globally felt the heat, including TSMC, United Microelectronics, Infineon, Intel, Qualcomm, Micron, and Nvidia.
-
Didi Global To Start Work On Delisting From New York, To Pursue Listing In Hong Kong
Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday, after it ran afoul of Chinese regulators by pushing ahead with its $4.4 billion U.S. IPO in July.
-
Didi May Come Under China’s State Control, Beijing Proposes Government-Run Firms Invest in Company: Report
China is considering taking Didi under state control and has proposed that government-run firms invest in the Chinese ride-hailing company, as per a report.
-
Tencent Is World's Worst Stock Bet With $170 Billion Wipeout
The Chinese Internet giant had tumbled 23% in July as of Wednesday, set for its worst month ever after erasing about $170 billion of market value.
-
Sensex Sheds Over 500 Points From Day's High; Pharma, Financial Stocks Weak
Asian stocks fell to fresh seven-month lows on Tuesday, with the Hang Seng index crashing 4 per cent, dragged by a third straight session of heavy selling of Chinese internet giant companies
-
China Blocks Didi Chuxing App After Its US IPO
Didi's debut in the US stock market was also the largest one by a Chinese company after Alibaba, debuting with a market cap of $67 billion.
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Alibaba, Tencent Stocks Dive As US Delisting Threat Joins Crackdown Fears
Tencent and Alibaba slid more than 5 per cent in Hong Kong Thursday before paring losses, joining a U.S. selloff that wiped more than 20 per cent off Chinese tech names
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US Law Threatens To Delist Chinese Companies From Stock Markets
The US House of Representatives passed a law to kick Chinese companies off U.S. stock exchanges if they do not fully comply with the country's auditing rules, giving President Donald Trump one more tool to threaten Beijing with before leaving office.
