Latest news with #JoshXiao
Bloomberg
5 days ago
- Business
- Bloomberg
Hegseth Reassures Asia Allies Unsettled by Trump: Balance of Power
By , Alberto Nardelli, Josh Xiao, and Alastair Gale Save Welcome to a special edition of Balance of Power, focusing on the IISS Shangri-La Dialogue in Singapore. Each weekday we bring you the latest in global politics. If you haven't yet, sign up here. America's partners in Asia were on edge ahead of this weekend's Shangri-La Dialogue defense conference in Singapore. It's a stressful time in geopolitics, with active conflicts in Europe and the Mideast, a recent flare-up between nuclear powers India and Pakistan, and rising frustration over President Donald Trump's tariff policies.
Bloomberg
23-05-2025
- Automotive
- Bloomberg
CATL's Foray Into Europe Shows China's Tariff Workaround
Hi, this is Josh Xiao in Singapore. A while back I traveled to a small, medieval town in Germany. The trip wasn't to enjoy some brats or Bach but to see how Contemporary Amperex Technology's first factory outside China was doing.
Bloomberg
23-04-2025
- Business
- Bloomberg
Cambodia Gets Money From China, Tariffs From Trump
Chinese President Xi Jinping's government is moving ahead with the Funan Techo Canal in Cambodia, a $1.2 billion infrastructure project that's part of China's deep investments in the country bordering Thailand, Laos and Vietnam. The 152-kilometer (94-mile) waterway would link Cambodia's manufacturing belt with the Gulf of Thailand, widening a channel for exports from one of Southeast Asia's poorest economies while creating jobs and opportunities along the route, Bloomberg's Josh Xiao reports this week. (Click here to read the full story.)
Yahoo
13-03-2025
- Business
- Yahoo
Singapore server fraud suspects granted bail as probe goes on
By: Gao Yuan and Josh Xiao (Bloomberg) — A Singapore judge granted bail for the three men suspected of defrauding suppliers of server computers potentially containing Nvidia Corp. chips subject to US export curbs. The two Singaporean men arrested last month got their bails set at S$800,000 ($600,000) and S$600,000, respectively, a judge ruled Thursday. The third man, a Chinese national, had his bail set at S$1 million. The next court hearing was scheduled for May 2. If they post bail and are allowed to leave the jail, the men mustn't go near airports or other border checkpoints, and they aren't allowed to discuss the case. The Chinese man must wear an electronic tag. The hearing focused on the bail procedure, shedding little new light on the broader investigation. The case centres on whether the trio played a role in misleading server suppliers, including by misrepresenting the actual end-user of the hardware. It is casting light on how advanced US chip technology subject to trade restrictions is channeled globally through regions such as Southeast Asia, and potentially finding its way to countries including China. The prosecution says the monetary value involved in the Singaporeans' case is about $250 million, and in the Chinese man's case about $140 million. Singaporean prosecutors initially charged the three men in late February. The city state's Law Minister K Shanmugam in March confirmed the servers were made by Dell Technologies Inc. and Super Micro Computer Inc. and they could contain Nvidia chips subject to US export controls. Authorities are trying to determine the final destination of the products after they've been shipped to Malaysia from Singapore, according to Shanmugam. More stories like this are available on ©2025 Bloomberg L.P.
Bloomberg
06-03-2025
- Business
- Bloomberg
Live Q&A: Why China's Ambitious Growth Target for 2025 Is Raising Hope for Stimulus
David Ingles Josh Xiao China kept its economic growth goal at about 5% for 2025, raising expectations for officials to unleash more stimulus as they confront a trade war with the US. This marks the third straight year China has set that goal, but repeating it again will be difficult. Join Bloomberg's David Ingles, Jenni Marsh, James Mayger and Josh Xiao for a Live Q&A on Thursday, March 6 at 11:30AM HKT/ March 5 10:30PM ET to find out why. A recording of this conversation will be made available to listen and share. Bloomberg digital subscribers and Terminal clients have exclusive access to sign in and ask our team questions during the live broadcast.
