City Shanghai Financial News

Asian stocks are mixed after U.S. stocks rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy

Pakistan has extended an invitation to Prime Minister Narendra Modi, along with other leaders of the Shanghai Cooperation Organisation (SCO), for the upcoming Council of Heads of Government (CHG) meeting in October this year, reported The Times of India. However, it is unlikely that Modi will visit Islamabad, though it remains to be seen if he will delegate a minister to represent India, as has been done in the past, considering the strained relations between the two nations, the report added. Pakistan is set to host the CHG meeting on October 15-16, as it currently holds the rotating chairmanship of the council, the second most important decision-making body within the SCO, following the Council of Heads of State. While Modi regularly attends the heads of state summits, he skipped the recent one in Kazakhstan due to a scheduling conflict with a Parliament session in early July.

markets regulator SEBI to raise Rs 4,000 crore ($480 mn) through an initial public offering (IPO). The offer comprises fresh issue of shares worth Rs 1,250 crore and offer-for-sale shares worth Rs 2,750 crore.

Approvals for new coal-fired power plants have dropped sharply in China after a flurry of permits in the previous two years raised concern about the government’s commitment to limiting climate change

European shares were flat on Wednesday as investors awaited the minutes of the Federal Reserve's July meeting to further gauge the mood of policymakers, while basic resources kept the index afloat. The pan-European STOXX 600 index held its ground at 512.74 points by 0711 GMT, after snapping a five-day winning streak in the previous session.

BEIJING — The U.S. and China last week signed agreements for cooperating on financial stability, according to a People's Bank of China readout Monday.

Japanese stocks are leading gains in world markets after Wall Street close to its record heights as data showed the U.S. economy is holding up better than expected

Avengers ride. Disney has revealed details about Avengers: Infinity Defense project which will feature Thanos, as per a Collider report. On the all-new Avengers: Infinity Defense ride, where guests will journey through legendary Marvel landscapes, battling the formidable King Thanos. This immersive experience promises heart-pounding excitement as you team up with your favorite heroes, navigating through stunningly recreated scenes straight out of the Marvel Universe.

China's state media and authorities say a powerful explosion set off a fireball on a container ship loaded with hazardous goods at a major port on China’s Pacific coast

BEIJING — A hazardous goods container exploded Friday on a cargo ship in China's high-traffic Ningbo Port, Taiwanese vessel owner Yang Ming Marine Transport Corporation told CNBC in a statement.

tech capital of India, Bangalore has topped the list of 20 APAC cities with the largest flexible office stock at 15.5 million square feet, surpassing cities such as Shanghai, Seoul, and Tokyo. Following Bangalore, Delhi NCR ranks second with a total flexible office space stock of 10.7 million square feet as of June 2024, mentioned CBRE. Recent growth in the Asia Pacific flexible office space market has been primarily driven by Indian cities, where the expansion is supported by the demand for managed solutions offered by domestic flexible office operators.

ride-hailing drivers are facing the threat of job loss from artificial intelligence as robotaxis begin to proliferate. Self-driving technology, still experimental, is being aggressively greenlit in China compared to the US, where approvals are often suspended after accidents. At least 19 Chinese cities are testing robotaxis and robobuses, with seven cities approving tests without human-driver monitors from at least five industry leaders: Apollo Go, Pony.ai, WeRide, AutoX, and SAIC Motor. Apollo Go, a subsidiary of technology giant Baidu, plans to deploy 1,000 robotaxis in Wuhan by year-end and operate in 100 cities by 2030. Pony.ai, backed by Japan's Toyota Motor, operates 300 robotaxis with plans to increase to 1,000 by 2026. WeRide is known for autonomous taxis, vans, buses, and street sweepers, while AutoX, backed by Alibaba Group, operates in cities including Beijing and Shanghai. SAIC Motor has been operating robotaxis since 2021. In the US, Alphabet's Waymo operates uncrewed robotaxis that collect fares, with over 1,000 cars in San Francisco, Los Angeles, and Phoenix. Cruise, backed by General Motors, resumed testing in April after an accident last year.

World Cup medal winning archer Deepika Kumari has vowed not to quit unless she ends up on podium which she feels could be Los Angeles in four years' time.For Deepika, it has always been a case of not being able to display enough temperament in pressure situation at the grandest stage. «Obviously, I want to play more in the future and will continue my game,» Deepika told PTI in an exclusive interaction at the India House here. «I really want to win an Olympic medal, and I won't quit until I achieve that. I'll train harder and come back strongly,» added Deepika, who has won every international medal except for an Olympic yellow metal.

Deepika Kumari crumbed under pressure once again, suffering a 4-6 loss to Korea's Suhyeon Nam in the women's individual event quarterfinals to bring down curtains on India's campaign at the Paris Olympics here on Saturday. Deepika had qualified for the quarterfinals after defeating Germany's Michelle Kroppen 6-4 earlier in the day. Deepika had defeated the 19-year-old Nam in straight sets in the semifinal at the Shanghai World Cup in April en route winning a silver medal, but on Saturday the Indian stalwart could not repeat that performance. The two archers were tied 4-4 after four sets but Nam was rewarded for her consistency as she claimed the fifth set to enter the semifinals.

While evaluating Dixon Technologies recently, I realised that even the slightest slowdown in growth could deliver a huge blow to the stock’s valuation. A price-to-earnings ratio of 200 means that if you were to buy 100% of the company's shares, it would take 200 years for you to earn back your initial investment through its profits. Dixon is not the only Indian stock that’s soaked in excess liquidity in recent months.

World shares are mixed ahead of key central bank meetings around the world

A Chinese automotive glass maker says the company is not the target of a federal investigation that temporarily shut down production last week at its Ohio factory

COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.

mudslide hit a homestay house in a tourist area in southeastern China on Sunday as heavy rains from what remained of a tropical storm drenched the region, state media said.

restocking.

Artificial Intelligence Conference in Shanghai this month, startup founder Qu Dongqi showed off a video he had recently posted online. It displayed an old photograph of a woman with two toddlers. Then the photo sprang to life as the woman lifted the toddlers up in her arms and they laughed with surprise.