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3 mins read
TSMC chips reportedly ended up at Huawei. It raises concerns about 'shadow networks' bypassing US sanctions.
TSMC and other chipmakers are barred from doing business with Huawei without exemptions from the US…
Huileng Tan,Beatrice Nolan
2 mins read
TSMC is reportedly suspending production of advanced AI chips for Chinese firms
TSMC will no longer manufacture AI chips at advanced process nodes of 7 nanometers or smaller for C…
Polly Thompson
2 mins read
Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says
The US Treasury and State Department recently announced fresh restrictions against 400 people and e…
Huileng Tan
1 min read
Russian banks are grappling with liquidity issues as US sanctions choke supply of yuan
Yuan availiability is shriveling up in Russia as US sanctions have pushed Chinese lenders away from…
Filip De Mott
2 mins read
The US has announced new sanctions targeting Russia's war machine — and says more are coming
The US Treasury and State Department issued 400 sanctions on individuals and entities still support…
Filip De Mott
2 mins read
The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world
The US is drafting sanctions on Chinese lenders that facilitate trade with Russia, which is feared …
Filip De Mott
2 mins read
As Trump threatens tariffs on China, the Chinese market pins its hopes on a massive stimulus announcement
Trump, a China hawk, has floated tariffs of more than 60% on Chinese goods.
Huileng Tan
1 min read
A Russian company is bartering chickpeas for Pakistani rice as sanctions stop payments
A Russian company will reportedly barter with Pakistan as the Kremlin struggles to make payments ac…
Kelly Cloonan
2 mins read
Russia adopts Chinese yuan-to-ruble as benchmark exchange rate after US sanctions force a further move away from the dollar
Russia's central bank said on Thursday that the currencies from "friendly countries" and the ruble …
Huileng Tan
2 mins read
Russia is turning to crypto as sanctions snarl payments, report says
Russia could start cryptocurrency exchange trails as soon as next month, in order to solve payment …
Filip De Mott
2 mins read
A Chinese automaker has taken over Russian plants abandoned by Volkswagen and Mercedes
Chery's expansion into Russia highlights growing ties between Moscow and Beijing.
Filip De Mott
1 min read
China's yuan is tumbling amid US sanctions and as central banks boost dollar holdings
China's yuan fell to its lowest value against the ruble in a year as holders eye the impact of sanc…
Jennifer Sor
1 min read
Russia's biggest private lender is expanding to China after being hit by US sanctions
The bank, owned by the Russian oligarch Mikhail Fridman, is looking to build new offices in China B…
Jennifer Sor
1 min read
US sanctions have tanked Russian semi-chip imports from China and Hong Kong, new data shows
Semiconductor exports shipped through China and Hong Kong have dropped as much as 28% in the first …
Filip De Mott
1 min read
A NATO country says its warship was harassed by 2 Chinese fighter jets as it enforced sanctions on North Korea
Two Chinese fighter jets approached and circled a Dutch warship last week as it was enforcing marit…
Thibault Spirlet
1 min read
It could soon get a lot harder for Russia to deal in Chinese yuan
Russian banks have nearly run out of their yuan stash, thanks to Chinese firms being more hesitant …
Jennifer Sor
3 mins read
The US can 'ill afford' another war now its rivals are teaming up so well, US general says
Gen. Charles Flynn said that the US' authoritarian rivals had been placing increasing pressure on U…
Tom Porter
5 mins read
The US-China tech race is moving from chips to the raw materials they're made of
The US is considering expanding its export limits on AI chips to China and its allies. Experts say …
Huileng Tan,Katherine Tangala…
3 mins read
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …
Huileng Tan
1 min read
Russia shuts down dollar and euro trading after sweeping US sanctions take aim at Moscow's financial lifelines
Russians were lining up at one lender that was still offering dollars after trade was restricted fo…