Buffett’s Company Sells Over $200 Million Worth of Bank of America Stocks Again.
Billionaire Warren Buffett continues to reduce his stake in American banks, with his company Berkshire Hathaway selling $2.287 billion worth…
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Analysis: Three Major Reasons for Mainland Mooncake Sales Stagnation Close to Mid-Autumn Festival
As the Mid-Autumn Festival approaches in China, mooncakes are not selling well on the mainland. A mooncake shop that has…
Samsung’s global subsidiaries undergo major layoffs, with administrative departments cut by 30%
Three knowledgeable sources revealed to Reuters on Wednesday (September 11) that Samsung Electronics, the world’s largest manufacturer of smartphones, televisions,…
Citibank: It’s Still Early to Buy Chinese-related Stocks at Low Prices
On September 11 (Wednesday), a report from Citibank in the United States warned that it is still too early to…
Chinese-owned agricultural chemicals company Syngenta is laying off employees in Switzerland.
Syngenta, a chemical company for agricultural use, announced on Wednesday that it will be cutting over 10% of its workforce…
Former Central Bank Governor Yi Gang admits facing deflationary pressure amid grim economic conditions.
Former Governor of the People’s Bank of China, Yi Gang, made a rare admission of the pressure China is facing…
US Inflation Data for August Released, Fed May Cut Interest Rates by 25 Basis Points
The U.S. Department of Labor released a report on Wednesday, September 11th, showing that the Consumer Price Index (CPI) rose…
Haitong Wealth Involved in Illegal Fundraising, Multiple Executives Taken into Custody.
Recently, Haiyin Wealth Management Co., Ltd. was suspected of illegal fundraising and is under investigation, with several executives being taken…
Portugal’s new government to continue banning the use of Chinese 5G equipment
According to Reuters on Tuesday, a minister from the center-right government of Portugal stated that the ban on using Chinese…
EU Summit: Facing Investment Threshold Due to Risks Outweighing Returns
China’s slowing economy, coupled with the delayed fulfillment of the Chinese Communist Party’s promises to reform the business environment, has…