City Shanghai Financial News

15.11 / 04:23

Waves Racing economy Citigroup pandemic country gatherings copper China tightens grip on copper, key to world’s energy transition

China is in the midst of a breakneck expansion of its copper industry that’s reshaping global flows of the essential metal for the world’s energy transition. The smelter build-up will be a key talking point for hundreds of copper-industry executives descending this week on China’s commodity hub of Shanghai for Asia Copper Week. Miners and smelters will negotiate key annual ore-supply contracts, and attendees will take the latest temperature of Chinese demand. Despite the financial toll of the pandemic and China’s property crisis, the nation’s metals consumption has been relatively strong in 2023.

14.11 / 15:57

Target Action economy TJX Nikkei President reports inflation data Stock market today: Asian shares are mostly higher ahead of US inflation data and a US-China summit

Asian shares are trading mostly higher ahead of potentially market-moving developments, including a U.S.-China summit and data releases in the U.S., Japan and China

11.11 / 14:37

Citi Platform economy pandemic show 2020 Worried Chinese shoppers scrimp, dimming the appeal of a Singles' Day shopping extravaganza

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect the annual Singles’ Day online retail extravaganza

10.11 / 19:31

defi Hackers hacks regulation Aave Court Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.

10.11 / 05:05

Manufacturing economy China's Gotion High Tech: US IRA unlikely to deter firms from going abroad

SHANGHAI (Reuters) — Measures such as the U.S. Inflation Reduction Act are unlikely to stop firms from going abroad, as companies thrive through competition and not through regulation or subsidies, the chairman of Chinese battery maker Gotion High Tech said.

09.11 / 13:03

Provident Booking Manufacturing Entertainment Parke Tesla reports fall Walt Disney, Affirm, AMC Entertainment, Twilio rise premarket; Lyft, Tesla fall

Investing.com — U.S. futures traded in a muted fashion Thursday, as investors awaited a speech by Fed Chair Jerome Powell while digesting more quarterly earnings.

09.11 / 04:13

Reuters Progressive WhatsApp reports ESPN Q4 Disney Q4 Results: Profit beats Wall Street estimates; seeks to cut extra $2 billion in cost

Also Read: Amazon eliminates jobs in music division in new round of cuts In a call with investors, Chief Executive Officer Bob Iger said the added cost cutting will move Disney from “an era of fixing to an era of building." The company also plans to ask its board to reinstate a dividend payment to shareholders by the end of 2023, interim Chief Financial Officer Kevin Lansberry said. Walt Disney said it added nearly 7 million Disney streaming subscribers in the quarter, with the inclusion of “Guardians of the Galaxy Vol.

08.11 / 12:07

Tesla pandemic song reports Chinese auto sales surged 10% year-on-year in October in fastest growth since May, exports up 50%

A Chinese industry association has reported that sales of passenger cars rose 10.2% in October over a year earlier as makers ramped up promotions and customers opted for electric and hybrid vehicles

08.11 / 09:19

Target Racing economy Tesla show China car sales rise almost 10% yr/yr in Oct, third month of gains

BEIJING/SHANGHAI (Reuters) — China's passenger vehicle sales jumped 9.9% in October from a year earlier, the China Passenger Car Association (CPCA) said on Wednesday, extending gains to a third month as carmakers raced to meet sales goals in the world's top auto market.

08.11 / 08:13

Citi Action Metro Nov guidelines Factbox-China's measures to shore up its indebted property sector

(Reuters) — Chinese authorities have asked Ping An Insurance Group to take a controlling stake in embattled Country Garden, the nation's biggest private property developer, sources said.

07.11 / 14:29

Manufacturing Strategy economy Hyundai President reports Saudi PIF in discussions to invest in Chinese EV brand

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

07.11 / 11:09

Provident Digital CEO Platform cover Inside reports NOT Chinese tech mogul not seen in weeks after official probe: reports

livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site. DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.

07.11 / 09:21

Reuters Progressive Platform NVIDIA show performer 2020 Exclusive-Baidu placed AI chip order from Huawei in shift away from Nvidia -sources

BEIJING/SHANGHAI (Reuters) -Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm's products as an alternative to Nvidia (NASDAQ:NVDA)'s.

07.11 / 09:21

Reuters Manufacturing Volkswagen Nov show Toyota extends output cut at Chinese JV to ease dealer pressure

SHANGHAI (Reuters) — Japan's Toyota Motor (NYSE:TM) has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition.

07.11 / 06:59

Target economy Mercantile Nikkei electronic reports Stock market today: Asian shares are mostly lower as Australia's central bank raises its key rate

Shares have mostly fallen in Asia after a mixed close on Wall Street

07.11 / 05:07

economy show country Oil prices ease as mixed China trade data offset supply cuts

By Yuka Obayashi and Trixie Yap

07.11 / 01:49

Reuters Booking economy pandemic consequences shock money market China's clashing priorities behind rare money market distress

SHANGHAI/SINGAPORE (Reuters) -China's attempts to keep the yuan from falling contributed to last week's chaos in money markets, sources involved say, pointing to the pressure behind the scenes as Beijing tries to guide its economy and markets through a major slowdown.

06.11 / 17:17

Blockchain defi Conflux multichain protocol shuts down after two years

ShuttleFlow, the ecosystem multichain protocol operated and maintained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will shut down after two years.

06.11 / 16:37

BLOCK Cooper economy Remark President show country China Premier Li seeks to bolster his country's economic outlook at Shanghai trade fair

Seeking to generate excitement around a largely lackluster economy, Chinese Premier Li Qiang is pledging to continue deepening reforms, expand free trade zones and relax market access for foreign investment

06.11 / 16:37

Citi FIVE President country reports patient strain Australian Australian prime minister to protest blogger's detention conditions while meeting China's leader

Australian Prime Minister Anthony Albanese says he will protest a lack of transparency in China’s treatment of a detained Australian democracy blogger when meeting with President Xi Jinping in Beijing during a trade-focused state visit

04.11 / 02:11

Provident President show country cover 2020 reports Australian Anthony Albanese will soon be the first Australian prime minister in 7 years to visit China

Anthony Albanese will soon become the first Australian prime minister in seven years to visit China in recognition of improving bilateral relations

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