City Shanghai Financial News

04.04 / 15:53

markets Manufacturing Tesla wellness country reports Destinations Tesla gets ready to import German-made EVs to India

Mint was the first to report last July that Tesla executives in their meetings with the ministries of heavy industries and commerce had discussed importing EVs from its Berlin gigafactory for the Indian market, as opposed to Shanghai, which is its main export base. The government plans to open the application process for its new EV policy, as well as publish detailed guidelines under it, in a span of 60-70 days from now, even though the policy stipulates for applications to start within 120 days of the policy announcement, which took place on 14 March, the people cited above said on condition of anonymity.

03.04 / 19:37

Citi MET Cooper love information SOLIDARITY Ajit Doval, Russian NSA discuss strengthening of anti-terror cooperation

Ajit Doval on Wednesday met with his Russian counterpart Nikolay Patrushev and discussed measures to strengthen counter-terror cooperation. A special focus will be on the Afg-Pak and Eurasian region in the backdrop of the recent terror strike in the Moscow region that killed 144 people. The two NSAs, who met at the sidelines of Shanghai Cooperation Organisation in Kazakhstan, discussed countering terrorism both bilaterally and in multilateral formats, and emphasised on regular exchange of information about terrorist and extremist elements, sources told ET. Doval strongly condemned the «barbaric» terrorist attack at the Crocus City Hall in Moscow on March 22 and expressed condolences to the families who lost their loved ones.

03.04 / 12:41

security President SOLIDARITY Relationships NSA Ajit Doval highlights cross-border terrorism concerns at SCO meeting, mentions LeT and JeM

Shanghai Cooperation Organisation (SCO) in Astana. In his address, Doval highlighted the need to shun double standards and hold sponsors, financiers, and facilitators of terrorism accountable. Combatting Terrorism: In his address, NSA Doval stated that any act of terror committed by whomsoever, whenever, and for whatever reasons is not justified. He asserted that perpetrators of terrorism should be effectively and expeditiously dealt with, including those involved in cross-border terrorism.

03.04 / 08:09

markets economy SPY Nikkei Trade Stock market today: Asian shares drop after Wall Street sinks on rate worries

Asian shares are mostly declining after Wall Street broke its record-breaking run-up

03.04 / 01:23

UPS Citi Waves Reuters Southern reports Tsunami warning issued for Japan’s Okinawa after 7.5 magnitude earthquake

Okinawa. "Tsunami waves of up to 3 meters were expected to reach large areas of Japan's southwestern coast," according to the Japan Meteorological Agency, which put the quake magnitude at 7.5, as per Reuters report. Additionally, a powerful earthquake with a magnitude of 7.2 struck offshore Taiwan on the same day, shaking the capital city of Taipei and prompting tsunami warnings for the islands of southern Japan and the Philippines.

02.04 / 09:39

markets Manufacturing economy Trade show reports Stock market today: Hong Kong stocks lead Asia market gains while developer Vanke slumps

Hong Kong stocks are leading gains in Asian markets while investors evaluate economic data from South Korea and Australia

02.04 / 09:39

markets UPS Manufacturing economy Trade show reports Stock market today: Global stocks mixed after strong US factory data prompt Wall St retreat

Asian shares are mixed after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates

02.04 / 09:01

UPS Manufacturing MSCI Healthcare Xiaomi electronic China stocks end lower as sentiment remains subdued; HK shares up

Chinese stocks ended slightly lower on Tuesday, as sentiment remained muted between optimism over improved manufacturing activity data and hopes for more stimulus measures. Hong Kong stocks rose, led by energy and technology shares. Xiaomi was under the spotlight, with its shares surging as much as 16%, as the electronics maker's sporty electric vehicle launched last week drew strong interest. ** At the close, the Shanghai Composite index was down 0.08% at 3,074.96, while Hong Kong's main Hang Seng index was up 2.36% ** The blue-chip CSI300 index was down 0.42%, with its financial sector sub-index lower by 0.34%, the consumer staples sector down 0.65%, the real estate index down 3.48% and the healthcare sub-index down 1.28%.

02.04 / 00:45

markets UPS FIVE show electronic stars ICEA talks to funds to set up an exchange for hi-tech India firms

fund houses to set up a sub-exchange which could be along the lines of the Shanghai Stock Exchange STAR Market. The SSE STAR Market has been touted as Shanghai's Nasdaq which allows Chinese companies in high-tech and strategically emerging sectors with greater access to capital markets. The move to set up such an exchange in India comes at a time when the government harbours ambitions of touching $1 trillion in electronics production in the next five years. The discussions are being led by Electronics industry body ICEA (India Cellular & Electronics Association).

01.04 / 20:31

Hong Kong Crypto Chinese Government Launches New Blockchain Infrastructure Platform Led by Conflux

On April 1, the Chinese government announced a groundbreaking initiative led by Conflux Network: the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.”

30.03 / 13:34

markets DOW economy Nikkei Trade reports Stock market today: Asian shares are mostly higher after another set of Wall St records

Asian shares have ended mostly higher in quiet, Good Friday holiday trading and European and U.S. markets were closed

29.03 / 03:35

markets WhatsApp Trade Mainland China stocks rise in early trade

Mainland China stocks rose after the open on Friday, adding to the healthy gains recorded a day earlier. In early trade, the Shanghai Composite Index gained 0.27 percent, or 8.26 points, to 3,018.92, while the Shenzhen Composite Index on China's second exchange climbed 0.4 percent, or 6.90 points, to 1,739.50.

27.03 / 19:05

Ethereum Ethereum staking Vitalik Buterin Suggests New Way To Decentralize Ethereum Staking

Ethereum staking has a looming centralization problem – but the network’s co-founder Vitalik Buterin proposed a new way to address the issue on Tuesday.

27.03 / 15:15

markets UPS Software Tesla War reports Headlines BYD’s rise challenges Tesla—and its valuation

BYD and Tesla, the world’s top two electric-vehicle makers, have a lot in common these days—except in terms of market value, where the U.S. company is roughly seven times as big. It takes a lot of faith in chief executive Elon Musk’s promise of autonomy to rationalize the difference.

27.03 / 09:33

crypto mining Texas Crypto Mining Firm Giga Energy Expands Operations to Argentina

Texas-based crypto mining firm Giga Energy has expanded its operations to Argentina following its expansion across the U.S. and into Shanghai, tapping into the gas flaring trend.

26.03 / 14:45

markets Target Tesla NVIDIA TSLA performer reports Tesla stock valuation 'still too high' says Bernstein, sees 30% downside risk

In 2024, the «Magnificent Seven,» a group of the biggest technology companies, saw most of its members continue their impressive 2023 performance, except for Tesla (NASDAQ:TSLA) stock. Facing a myriad of challenges such as waning sales and growing competition in China, Tesla stock has underperformed the S&P 500 by a wide margin.

26.03 / 04:21

Manufacturing Tesla wellness show performer reports Interviews Tesla supplier CATL rises on report of licensing battery technology

Investing.com-- Shares of China’s Contemporary Amperex Technology Co Ltd (SZ:300750), also known as CATL, rose on Tuesday after reports showed the company was in talks with Tesla Inc (NASDAQ:TSLA) and other U.S. automakers to potentially license its battery technology instead of building a plant there.

26.03 / 03:29

markets CEO Apple President love country International Tim Cook’s love for China helps Xi fight fears of economic slump

Days after he opened an expansive new retail store in Shanghai and pledged a fresh investment in applied research in the country, Apple Inc. Chief Executive Tim Cook on Sunday gushed, “I love it here, I love the Chinese people.”

25.03 / 23:35

markets UPS Nikkei Trade Stock market today: Asian shares trade mixed after Wall Street closes near record finish

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

25.03 / 09:15

markets COST UPS Nikkei Trade Stock market today: Asian shares trade mixed after Wall Street closes near record finish

Asian shares are trading mixed as investors await further indications of future U.S. interest rate cuts

25.03 / 01:21

markets IPO Target FIVE Pool performer reports Japan bucks private equity slowdown in Asia Pacific with deal value soaring 183% last year

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what's happening in city Shanghai

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