06:54 AM EDT, 08/26/2024 (MT Newswires) -- Daqo New Energy ( DQ ) reported Monday it swung to an adjusted loss of $1.50 per diluted American depositary share in Q2, compared with adjusted earnings of $1.75 a year earlier. Analysts' estimates were not readily available for comparison. Revenue for the quarter ended June 30 was $219.9 million, down from $636.7...

06:29 AM EDT, 08/26/2024 (MT Newswires) -- International Business Machines ( IBM ) is shutting down its research and development division in China, which will impact more than 1,000 employees in several cities including Beijing and Shanghai, multiple news outlets reported Monday. The move will impact IBM China Development Lab and IBM China System Lab, and all workers losing their...

(Reuters) -China's PDD Holdings ( PDD ) missed market estimates for quarterly revenue on Monday, as reduced consumer spending dented business at its domestic e-commerce platform Pinduoduo, sending the company's shares down 15% in pre-market trading. A fragile economy, persistent weakness in the property sector and high unemployment rates, have led Chinese consumers to cut back, damaging the country's retail...

06:50 AM EDT, 08/26/2024 (MT Newswires) -- Uber Technologies ( UBER ) has to pay a fine of 290 million euros ($324.2 million) for not meeting EU data privacy standards when transferring the personal data of European drivers to the US, the Dutch Data Protection Authority said Monday. The Dutch watchdog said the ride-hailing service operator transferred data to its...