City Shanghai Financial News
13.05 / 09:25
Blockchain
UPS
Ethereum
ETH
Platform
exclusive
innovations
BlastUP Launchpad L2 Project Closing in on $6 Million Raised Via Presale
BlastUP ($BLP) is a community-backed and trusted launchpad, connecting users to early-stage and new projects on the Blast ecosystem. The platform lets users bridge ETH from Ethereum to the Blast blockchain and offers native yield for ETH and other stablecoins.
11.05 / 08:59
security
Celebrity
Olympics
2020
archery
India on course for maiden Olympic medal in archery, says coach Kim Hyung Tak
India have never won an Olympic medal in archery, but celebrated coach Kim Hyung Tak will not be surprised if they break the duck in Paris. Between 2004 and 2020, India's men's, women's and mixed teams made the quarter-finals six times but could not secure a podium finish. Only Dhiraj Bommadevara has won a quota place for India in archery for the Paris Games, while the recurve archers are chasing a team quota in a qualification tournament in Turkey next month.
11.05 / 05:59
UPS
security
wellness
show
social
Traffic
China consumer inflation rises, factory price drop continues
China General Chamber of Commerce showed that average order values contracted by the most in nine months, even though total sales expanded as customer traffic grew during the Labor Day holiday. The latest data showed “economic momentum and social demand have continued to recover," said Bruce Pang, chief economist for Greater China at Jones Lang LaSalle Inc.
10.05 / 05:23
markets
UPS
security
Election
trends
Trade
recommendations
Stock in focus: Rajesh Palviya of Axis Securities recommends Hero MotoCorp, Crompton Greaves, and Ajanta Pharma today
Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session in green amid positive global cues. Due to investor risk aversion during the ongoing election sessions, the domestic market saw heavy selling pressure on Thursday. However, because there aren't any significant positive triggers, analysts predict that this volatility will continue in the near future.
10.05 / 02:23
markets
Manufacturing
economy
Enterprise
President
country
reports
European companies in China are under pressure from slower growth, overcapacity
BEIJING — European companies in China are finding it harder to make money in the country as growth slows and overcapacity pressures increase, according to a survey released Friday by the EU Chamber of Commerce in China.
09.05 / 05:01
markets
Target
Election
trends
Trade
Experts
recommendations
Top Stock Recommendations: Osho Krishan of Angel One suggests buying DMart, and Nestlé India today
₹15,863 crores this month, is a significant current trend in the market. Despite their continued buying, DIIs are not as aggressive as they previously were because of some uncertainty over the election results. It's critical to recognise that, in addition to the high US bond yields there is now another driver driving FII selling.
08.05 / 04:49
markets
UPS
Waves
Manufacturing
President
show
China’s solar panel giants say prices are near the bottom
prices for solar panels, which have slashed profits across the sector, don’t have much room to fall further, according to the chairmen of two of the industry’s biggest firms. The current slump is “irrational” and there’s only a small probability it will continue, Jinko Solar Co. Chairman Li Xiande said in a joint presentation hosted by the Shanghai Stock Exchange. Li answered written questions from investors at the event on Tuesday along with executives from other firms, including Trina Solar Co. and CSI Solar Co. The companies are trying to turn a corner after solar manufacturers saw profits vanish as a wave of new factories that were aimed at capturing a growing market came online in the past year. Instead, the new supply has overwhelmed demand, sending panel prices to record lows and annihilating margins.“The price of photovoltaic modules is currently at a low level, and there’s limited room for further decline,” Trina Chairman Gao Jifan said at the presentation.
07.05 / 17:15
markets
UPS
Tesla
reports
Features
International
Elon Musk dispatches Tesla’s ‘fireman’ to China amid slowing sales
SINGAPORE–When Elon Musk made a surprise visit last month to Beijing, the Tesla chief executive brought along a trusted lieutenant: Tom Zhu, the company’s former China head who had skyrocketed through the ranks as a turnaround guru. Now, Zhu—one of just three senior executives including Musk currently named on Tesla’s website—is getting deployed from Tesla’s Texas headquarters back to China at a vulnerable time for the world’s most valuable automaker, according to a person familiar with the matter. Zhu, who was born in China and educated in the U.S.
07.05 / 11:51
07.05 / 11:51
markets
UPS
DOW
Trade
electronic
reports
Stock market today: World shares mostly gain after tech stocks lead Wall St higher
Markets in Europe and Asia are mostly higher after another day of gains on Wall Street led by technology stocks
06.05 / 09:29
FIVE
Waters
Manufacturing
blues
reports
testing
Department
What does China's third aircraft carrier's sea trials mean for India
China's third aircraft carrier, Fujian, embarked on its maiden trials last week, marking a significant moment in China's naval expansion efforts aimed at challenging the US's global presence. Named after the Fujian province, the carrier is the largest and most advanced Chinese aircraft carrier ever built. Testing Reliability and Stability The Fujian carrier set sail from Shanghai's Jiangnan Shipyard, with the trials primarily focused on testing the reliability and stability of its propulsion and electrical systems, as reported by state news agency Xinhua.
04.05 / 03:09
Artificial Intelligence
Chinese AI Startups Take on Industry Giant OpenAI
OpenAI’s ChatGPT’s absence in China has created a unique opportunity for a new wave of Chinese AI startups, each vying to fill the void and establish themselves as leaders in the generative AI space.
29.04 / 17:49
markets
UPS
security
Software
Tesla
Features
Tesla soars 12% on tentative approval for driving system in China
Elon Musk’s quick visit to China paid immediate dividends, with Tesla Inc. receiving in-principle approval from government officials to deploy its driver-assistance system in the world’s biggest auto market. The US carmaker was granted the approval under certain conditions, according to a person with knowledge of the matter, who asked not to be identified because details of all the criteria aren’t clear. Tesla did manage to clear two of the most important hurdles: reaching a mapping and navigation deal with Chinese tech giant Baidu Inc., and meeting requirements for how it handles data-security and privacy issues.
28.04 / 14:29
MET
security
Software
Tesla
Trade
social
reports
Elon Musk meets Chinese Premier Li Qiang after skipping India visit: 'Have known each other since...'
Musk posted a picture with Qiang and said, "We have known each other now for many years, since early Shanghai days." ALSO READ: Top News Today: Elon Musk's surprise China visit, AdaniConneX securing loans, PM Modi in Karnataka and more Chinese state media reported that the Tesla CEO met Premier Li Qiang in Beijing, during which Li told Musk that Tesla's development in China could be regarded as a successful example of US-China economic and trade cooperation, Reuters reported. During his tour, Musk was expected to discuss the rollout of Full Self-Driving software and permission to transfer data overseas. The US electric vehicle maker rolled out Full Self-Driving, or FSD, the most autonomous version of its Autopilot software, four years ago.
28.04 / 12:42
markets
MET
Cooper
CEO
Tesla
show
Tesla founder Elon Musk visits China as competitors show off new electric vehicles
Tesla founder and CEO Elon Musk has met with a top government leader in the Chinese capital, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show
28.04 / 07:07
markets
CEO
Software
Tesla
show
track
social
Tesla CEO Elon Musk kicks off surprise trip to Beijing: Sources
Tesla CEO Elon Musk landed in Beijing on Sunday, a flight tracking app showed, as two people with knowledge of the matter said the billionaire was kicking off a surprise visit to the automaker's second-biggest market. Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China and to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies, one of the people said. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States.
26.04 / 15:41
CBDC
Digital
security
country
reports
Investigations
Architect of China’s CBDC Project Faces Probe for Alleged “Violations of Discipline and Law”
Yao Qian, the influential figure behind China’s central bank digital currency (CBDC) project, is currently under investigation for suspected “violations of discipline and law.”
26.04 / 10:21
24.04 / 12:51
markets
WhatsApp
Research
trends
Trade
cover
Four-day market rally makes investors richer by Rs 8.48 lakh cr
benchmark has climbed nearly 2 per cent amid firm global trends. The 30-share BSE Sensex climbed 114.49 points or 0.16 per cent to settle at 73,852.94 on Wednesday. During the day, it jumped 383.16 points or 0.51 per cent to 74,121.61. In the last four days, the BSE benchmark climbed 1,363.95 points or 1.88 per cent.
24.04 / 05:23
markets
UPS
Nikkei
Trade
electronic
reports
Stock market today: Nikkei leads Asian gains follow Wall Street rallies
Asian shares have opened higher, led by an over 2% gain in Japan’s Nikkei 225 after U.S. stocks rallied for a second straight day Tuesday, blunting the blow of what’s been a rough April
23.04 / 09:59
markets
UPS
Tesla
Nikkei
track
country
reports
Asian stocks
Stock market today: Asian stocks track Wall Street gains ahead of earnings reports
Asian benchmarks extend gains after U.S. stocks claw back some of their losses from last week
what's happening in city Shanghai
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