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Xiaomi is formally off the US Department of Defense Blacklist

At the start of this year, 9 Chinese companies including Xiaomi were put on the US Department of Defense blacklist for allegedly being controlled by the Chinese military. Well, Xioami is now off the hook. ....

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Xiaomi quashes US blacklisting, eyes up Samsung

Xiaomi quashes US blacklisting, eyes up Samsung
lightreading.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lightreading.com Daily Mail and Mail on Sunday newspapers.

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Xiaomi is no longer a 'Chinese military company' for the US

The District of Columbia court has issued an order seeking the removal of Xiaomi’s name from the military blacklist. ....

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Futures Jump As Coordinated Central Bankers Push Back On Inflation Fears

by Tyler Durden
Wednesday, May 26, 2021 - 07:52 AM
US equity futures rose on Wednesday, rebounding from a modest dip the day before as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session. At 7:15 a.m. ET, Dow e-minis were up 82 points, or 0.24%, S&P 500 e-minis were up 14 points, or 0.33%, and Nasdaq 100 e-minis were up 51.25 points, or 0.38%. Treasuries and the dollar were roughly flat, recovering from an earlier drop. BItcoin soared back over $40,000, rising as much as 8.6%, before paring gains.
Among the notable premarket moves were retail trader favorites GameStop and AMC which surged in U.S. premarket trading, adding to Tuesday’s rally as investors touted the stocks on social media platforms including Twitter, Stocktwits and trader WallStreetBets. The gains will add to losses for short-sellers of the stocks who have alr ....

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Hong Kong shares end at near 4-week high as inflation woes ease on dovish Fed

Tech, real estate firms lead gains
U.S. Fed’s Clarida downplays concerns over inflation
SHANGHAI, May 26 (Reuters) - Hong Kong shares closed at a near four-week high on Wednesday, led by tech and property stocks, as a strong yuan and U.S. Federal Reserve’s dovish monetary policy stance soothed inflation concerns.
At the close of trade, the Hang Seng index was up 255.15 points, or 0.88%, at 29,166.01, its highest closing level since April 29. The Hang Seng China Enterprises index rose 0.58% to 10,855.58. Leading the gains, the IT sector rose 1.07%, the property sector gained 1.29%, while the financial sector ended 0.67% higher.
U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance on Tuesday, boosting sentiment in Asian markets. China’s yuan extended gains to a near three-year high, helping ease the pressure from rising prices of imports, analysts said. ....

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