City Shanghai Financial News

Shares have fallen in Asia after a retreat on Wall Street as crude oil prices slipped on expectations that supply might outpace demand

World shares have advanced after most stocks slipped on Wall Street following a mixed set of reports on the U.S. economy

SHANGHAI/HONG KONG (Reuters) — Moody's (NYSE:MCO) negative outlook on China has intensified Beijing's battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilise the yuan as investor confidence deteriorates.

(Reuters) -Oil prices rose slightly in Asian trade on Wednesday, after posting losses for four sessions, as investors weighed the effectiveness of an extension in OPEC+ cuts on tightening supplies against worries of a worsening demand outlook in China.

SHANGHAI (Reuters) -China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody's (NYSE:MCO) cut China's credit outlook.

SHANGHAI (Reuters) -China's major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the matter said.

By Casey Hall and Amy Lv

Credit rating agency Moody’s has downgraded its outlook for Chinese sovereign bonds to negative, citing risks from a slowing economy and a crisis in its property sector

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Asian shares are mixed as investors await a slew of U.S. economic data set for release later in the week

SHANGHAI (Reuters) — China's electric vehicle giant BYD (SZ:002594) said on Sunday it would make permanent its system offering tipsters who report smear campaigns against the company up to 5 million yuan ($700,918).

BEIJING (Reuters) — China is likely to implement proactive fiscal policy next year as there is still a need for the world's second-biggest economy to realise stable growth, a former central banker was cited as saying in state-owned media on Sunday.

Bob Iger said on Wednesday he would «definitely» step down when his current contract ends in 2026 and that the ABC broadcast network was not for sale. In a wide-ranging interview at the New York Times Dealbook Conference, Iger also said he was «bullish» on the prospects for Shanghai Disneyland and he expected the company would expand the theme park «relatively soon.» Iger, 72, returned to Disney as CEO in November 2022, less than a year after he retired, to revamp the media company after the board ousted his hand-picked successor, Bob Chapek. Iger had planned to stay for two years but agreed to extend his stay through 2026. Disney's board is undertaking a «robust» search for a successor, Iger said, adding that he was «definitely going to step down» at the end of his current contract. After Iger spoke, Disney's board announced it had appointed Morgan Stanley CEO James P.

By Julie Zhu and Zhuzhu Cui

Investing.com-- Most Asian stocks kept to a tight range on Wednesday as caution before key economic readings from China offset growing optimism over an early pivot by the Federal Reserve. 

By Jason Xue and Tom Westbrook

The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot.

Shares are mixed in Asia after Wall Street benchmarks edged lower as investors looked ahead to updates on inflation and how American consumers are feeling about the economy

Shares are mixed in Asia after Wall Street benchmarks edged lower as investors looked ahead to updates on inflation and how American consumers are feeling about the economy

TCS, Maruti, Paytm, Wipro, PB Fintech, Eicher are among the stocks that could be in focus on Tuesday.India's benchmark stock indices ended lower for the second consecutive day on Friday. The S&P BSE Sensex closed 48 points, or 0.07%, lower at 65,970.04, while the NSE Nifty 50 fell 7 points, or 0.04%, to end at 19,794.70.GIFT Nifty on the NSE IX traded a marginal 6 points higher, hinting at a muted start for Indian indices on Tuesday.Asian stocks witnessed a mixed opening on Tuesday after Wall Street struggled in the wake of a rally that put the S&P 500 near “overbought" levels.Australian shares opened higher, and Hong Kong shares also ticked up traders brushed off overnight losses in US markets, with eyes on US inflation figures later in the week.The Shanghai Composite Index dipped 0.10%, and the Shenzhen Composite Index on China's second exchange eased 0.09%.The benchmark Nikkei 225 index was down 0.04%, at 33,433.26 in early trade, while the broader Topix slipped 0.17%.On Monday, the S&P 500 slipped 0.2%, and the Dow Jones Industrial Average also closed 0.2% lower.

Shein IPO: Firm in talks with banks, exchanges for listing, says report Representatives for Shein, JPMorgan and Morgan Stanley declined to comment. A spokesperson for Goldman Sachs didn’t immediately respond to a request for comment. The filing was reported earlier by Shanghai Securities News.