City Shanghai Financial News

04.04 / 19:17
FIVE Racing Oscar performer track country sprint F1's Japanese GP has storylines that may be as fleeting as the country's cherry blossoms
Japanese Grand Prix on Sunday is only the third Formula 1 race of the season, and several plots are developing that promise a few twists. But the fresh storylines could be as fleeting as the cherry blossoms seen all over Japan at this time of the year. There's McLaren, which has been the early force after winning the first two races. Are Lando Norris and Oscar Piastri about to run away with the season just as Red Bull and Max Verstappen have in winning the last four drivers' titles? How about seven-time champion Lewis Hamilton, who moved this season from Mercedes and is looking for his first victory for Ferrari. He won the sprint two weekends ago in Shanghai. In Sunday's main race in China, he and teammate Charles Leclerc were disqualified for technical infringements. And back to the cherry blossoms in Japan — the season typically lasts for only about two weeks, from the initial blooms to its splendorous peak. A sellout crowd of about 115,000 on Sunday at Suzuka — the Honda-operated track in central Japan — will be following every lap of Japanese driver Yuki Tsunoda. Tsunoda was promoted to Red Bull last week from Racing Bulls, its feeder team. A Japanese driver has never won an F1 race.
18.05 / 10:05
Digital Entertainment ByteDance wellness performer consequences recommendations AI super-apps are remaking China’s internet
Subscribe to enjoy similar stories.To have a coffee delivered to an office in Shanghai, simply ask one of China’s artificial-intelligence super-apps to choose a brew on your behalf, press “confirm” and the beverage will be on its way. Delegating such important decisions brings risks, of course.
04.05 / 10:19
markets UPS FIVE Software show innovations Updates Global carmakers desperately want to be more Chinese
Subscribe to enjoy similar stories.Any doubts that China has become the heartland of the global car industry are quickly dispelled by a visit to the country’s main motor show. Beijing’s noisy and crowded event this year was twice as large as in 2024 (it moves to Shanghai on alternate years) with around 180 new cars on display. The show, which concluded on May 3rd, demonstrated once again that foreign carmakers are lagging behind their Chinese rivals in the race to the industry’s future.Yet the show also illustrated the extent to which foreign carmakers are looking to remake themselves in the image of their ascendant Chinese competitors.
24.04 / 09:25
markets Aware Strategy trends show cover reports Ralph Lauren, Lanvin double down on India luxury market growth amid global slowdown
Subscribe to enjoy similar stories.BENGALURU: Even as global luxury demand shows signs of cooling, international brands are accelerating their India playbooks, betting the country’s still-nascent but fast-evolving luxury market will deliver long-term growth.Ralph Lauren India and the Lanvin Group are sharpening their strategies to deepen their presence, expand retail footprints, and localize offerings in India as revenue growth slows in more mature markets. Both companies are adopting starkly different approaches in India.Shubhi Sinha, brand head at Ralph Lauren India, said the company will continue expanding its physical presence while tapping demand beyond top metros.“We have about eight stores currently and plan to expand.
11.04 / 05:55
markets Target Gap Research wellness testing Updates Big pharma is turning to China for the newest drug ideas
, a 22-employee company with operations in Shanghai and San Diego, had been working on its own therapies. By poring over the patents from Western companies, the biotech found clues to improve its drug candidates.Within months, GluBio had made tweaks that produced more powerful and targeted therapies.
08.04 / 08:53
markets COST Citi Citizens country Traffic Updates 'Chinamaxxing': Asia’s megacities should follow China’s lead in electrifying urban transport
For the emerging megacities of Asia, the oil crisis that spread out from the Strait of Hormuz is like the acute phase of a chronic condition. The largest migration in human history is filling their streets and alleyways to bursting point.Urbanization and births will add a billion more people between now and 2050. Jakarta and Dhaka, with 42 million and 37 million people respectively, have overtaken Tokyo at 33 million as the world’s biggest metropolises.
22.02 / 10:51
markets COST Trade classical innovations Updates International At long last, cargo ships run on electric currents. Here’s why it matters
In Jules Verne’s classic Twenty Thousand Leagues Under the Sea, Captain Nemo’s futuristic submarine, the Nautilus, is battery-powered. Electric shipping has remained science fiction ever since. That might be about to change, though.
08.02 / 09:43
markets UPS Aviat Manufacturing Airlines Strategy Boeing China’s Comac wants to challenge Airbus and Boeing globally: Can it break their duopoly?
Subscribe to enjoy similar stories. Making passenger planes is an exceptionally daunting task. There are safety requirements and complex systems, not to mention sky-high costs.
31.01 / 10:33
markets Trade President track blues Retail gold, silver bulls to face Sunday blues
Subscribe to enjoy similar stories. Retail investors who piled into the blistering bullion rally were left nursing steep losses after MCX silver and gold futures crashed an unprecedented 27% and 12%, respectively, on Friday. The full impact on bullish positions is likely to become clearer when markets reopen on Sunday.
30.01 / 08:03
UPS Southern Freeport-McMoran Trade reports Copper prices hit a record high. Why a blowup could be coming soon.
Subscribe to enjoy similar stories. The price of copper spiked and then suddenly dropped Thursday, in a wild day for the metal. The most active copper continuous contract climbed 11% to an all-time high of $6.58 a pound in morning trading.
21.01 / 09:39
COST Citi FIVE Metro country Traffic Why many Asian megacities are miserable places
Subscribe to enjoy similar stories. FOR SEVEN decades Tokyo was considered the world’s most populous city. That was 15 years too long, according to data released last month by the UN.
12.01 / 12:43
UPS Target Action Trade President country Chinese trade is thriving despite America’s attacks
Subscribe to enjoy similar stories. Since Donald Trump returned to office, one country has borne the brunt of his fury. “We’ve been ripped off by every country in the world," he declared in April, “but China is the…‘chief-ripper-offer’".
09.01 / 13:37
markets UPS NVIDIA Trade country This ‘AI tiger’ just made its market debut. The stock soared 109%.
Subscribe to enjoy similar stories. MiniMax made a stellar stock-market debut in Hong Kong on Friday, with shares more than doubling as investors continued to pile into Chinese artificial-intelligence start-ups. The stock soared 109% to 345 Hong Kong dollars on its first day of trading, following an initial public offering in which MiniMax raised HK$4.8 billion ($619 million) at an offer price of HK$165.
05.01 / 00:41
markets Target Action trends Trade recommendations Updates Stocks to buy: Raja Venkatraman's top picks for 5 January
Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:DABUR(Cmp ₹522.60)DABUR: Buy above ₹525, stop ₹507 target ₹580 (Multiday)RRKABEL (Cmp ₹1510.50)RRKABEL:Buy above ₹1515, stop ₹1470 target ₹1615 (Multiday)PAYTM(Cmp ₹1340.60)PAYTM: Buy above ₹1340, stop ₹1315 target ₹1385 (Intraday)Stock Market RecapIndian equity markets closed on a strong note on Monday, buoyed by firm global cues and robust buying in banking and metal counters. The Sensex advanced 573.41 points, or 0.67 percent, to settle at 85,762.01 after touching an intraday high of 85,812.27.
18.12 / 03:31
markets UPS Platform Airlines Trade President All that cheap Chinese stuff is now Europe’s problem
Subscribe to enjoy similar stories. LONDON—President Trump’s crackdown on Chinese imports in the U.S. has redirected a tsunami of cheap stuff into Europe.
12.12 / 12:19
markets IPO Gap Align NVIDIA Research wellness China’s next play in AI race? Faster, easier IPOs
Subscribe to enjoy similar stories. Beijing’s bid for AI supremacy has been hobbled by a reliance on imported semiconductors. To fix that, it is tapping homegrown startups as it looks for the DeepSeek of chip making.
03.12 / 09:33
markets UPS Citi Waters country reports Updates Megacities are both booming and increasingly exposed to the risk of disastrous floods
Humanity’s future lies in some of the most vulnerable spots on the planet. We’ve seen that in stark relief of late. A United Nations report last month concluded that the world’s population is increasingly crowded into a group of often low-lying, middle-income megacities in Asia and Africa.Jakarta and Dhaka dethroned Tokyo’s long-held status as the world’s biggest city, with 42 million, 37 million and 33 million people respectively.
03.04 / 04:07
markets Nikkei trends Trade President country Updates Stock Market LIVE Updates: Sensex, Nifty 50 open lower after Trump tariffs; pharma stocks surge
₹91,423 per 10 grams. As of 9.33 am, it was trading ₹600 or 0.66% higher at ₹91,328 on the MCX. The rally can be attributed to the risk off sentiment in the market following tariff announcements by US President Donald Trump's administration.
03.04 / 01:43
markets COST WhatsApp tenor inclusion International Piramal Finance raises over Rs 2,300 crore via ECB route
Piramal Finance raised more than ₹2,300 crore ($265 million) through an external commercial borrowing (ECB) facility. The loan was led by Standard Chartered Bank, The Hongkong and Shanghai Banking Corporation (HSBC), Sumitomo Mitsui Banking Corporation, and First Abu Dhabi Bank. The floating-rate loan is priced just under 9%, around 15-20 bps lower than the prevailing domestic market rate. «The facility has a 3-year tenor and is fully hedged to mitigate forex and interest rate risks,» said a banker. «Landed cost of funds is more competitive compared to domestic borrowing rates, making it an attractive financing option for Piramal Finance.» Loan has a greenshoe option, allowing it to be upsized to $300 million.
28.03 / 19:39
UPS Racing Nielsen wellness country Sporting Formula One seeks to drive engagement through betting
Formula One is looking to drive fan engagement by using its vast array of data to create more betting opportunities, the sport's director of commercial partnerships Jonny Haworth said on Thursday. Recent figures from Nielsen Sports put Formula One's global fandom at 826.5 million, 12% more than in 2023, with a 39% increase in fans following in China over the last 12 months due to the post-COVID return of the country's race in Shanghai. «We're sort of on a journey in the betting space at the moment,» Haworth told the BlackBook Motorsport Forum in London on Thursday. «I think we make up 0.4% of the overall global betting handle, which is pretty crazy for a sport of the size of Formula One and with a sport that has low latency data at a high volume which is what drives betting.» Formula One, whose cars have an array of sensors on them delivering billions of data points, last month announced San Diego-based ALT Sports Data as its official betting data supplier.
28.03 / 03:27
Citi Southern country cover Inside International Pony.ai wins first permit for fully driverless taxi operation in the center of China's Silicon Valley
BEIJING — In the latest step toward building a revenue-generating robotaxi business, Chinese start-up Pony.ai said it has obtained China's first permit to charge fares for fully driverless taxis in core parts of a business district of Shenzhen.

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