The company upset Chinese regulators by pushing ahead with a $4.4 billion listing in the US despite being asked to put it on hold. Shareholders will vote on its US delisting plan on May 23.
Nomura said yuan depreciation could also add modest inflationary pressures, as China is the world’s largest importer of energy and agricultural products
The Hong Kong Monetary Authority bought almost HK$1.6 billion ($202 million) of the territory's currency after it fell to its lower limit of HK$7.85 in New York trading hours
There were no deaths and only minor injuries among the 113 passengers and nine crew members on board, the airline said in a statement
The draft order would grant Attorney General Merrick Garland authority to review and potentially bar some commercial transactions involving the sale of or access to data
The developer had been planning to use presale funds due to pay $29.5 million in interest on the bond that was required to be repaid last month
Lucid Group CEO says the company is diversifying its chip suppliers to reduce the risk of supply disruptions as covid lockdowns continue to shutter China's factories.
The official jobless rate hit 5.8% in March, a near two-year high, as strict Covid lockdowns hammer the economy.
If Sunac goes into default, it could ramp up panic about China's property crisis, executives at other firms said, as Sunac is a big group known for its mid- to high-end properties
The US carmaker shipped over 4,700 electric vehicles to Europe on Wednesday, its first exports from the city in almost a month, state media said.
Economic damage from China's current coronavirus outbreak could be more than 10 times the impact from the initial outbreak in Wuhan in 2020, the SCMP said, citing a local economist
The pillars of the new law include protecting sensitive technology, strengthening supply chains for semiconductors and encouraging new tech such as artificial intelligence