City Shanghai Financial News

24.10 / 03:01

Provident Digital Cooper Platform Cross-border Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank

A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.

24.10 / 02:37

Provident Manufacturing Parke Bain Capital forms $250 million industrial property JV with China's DNE Group

BEIJING/SYDNEY (Reuters) — Bain Capital and Chinese industrial real estate developer and operator DNE Group said on Tuesday they formed a joint venture with a $250 million equity commitment, as the U.S. firm looks for investment opportunities in manufacturing park assets in China.

23.10 / 09:39

Lowe's Strategy economy COMPOSITE Southern China stocks close at 4-1/2-year lows as global worries compound economic woes

China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others as global market jitters compounded lingering worries over domestic economic health. The CSI300 Index fell 1% to its lowest closing level since February 2019.

23.10 / 03:39

Apple economy Tesla President HON country reports China rattles foreign firms again with arrests, Foxconn probe

Foxconn Technology Group, Apple Inc.’s most important partner and one of the largest employers in China. Over the weekend, state media said that regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China. Hon Hai Precision Industry Co., Foxconn’s public arm, said it will collaborate with authorities. Meanwhile, an executive and two former employees of WPP Plc, one of the world’s biggest advertising companies, have been arrested in China, people familiar with the matter said.

22.10 / 08:17

BLOCK Cooper Nov President 2020 Australian Australian prime minister announces China visit hours before leaving for US to meet Biden

Australian Prime Minister Anthony Albanese said he will visit China in early November, making the announcement Sunday hours before he was to fly to the United States to meet with President Joe Biden. Albanese also said China agreed late Saturday to review the crippling tariffs it levied on Australian wine that have effectively blocked trade with the winemakers' biggest export market since 2020. Albanese will become the first Australian prime minister to visit China in seven years when he travels to Beijing and Shanghai on Nov.

21.10 / 20:45

COST economy Enterprise country reports prevention recovery China to bolster economic recovery and curb risks, central bank head says

SHANGHAI/BEIJING (Reuters) — China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People's Bank of China Governor Pan Gongsheng said in a report published on Saturday.

20.10 / 03:47

UPS Microchip show China export curbs choke off shipments of gallium, germanium for second month

BEIJING (Reuters) — China's curbs on exports of gallium and germanium products choked off international shipments of the chipmaking metals for a second consecutive month, customs data for September showed on Friday.

19.10 / 07:23

UPS Airlines economy show reports Stock market today: Asian shares follow Wall Street lower, and Japan reports September exports rose

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks

18.10 / 11:05

BLOCK Reuters economy NVIDIA track country stars China rebukes US over latest chip restrictions

By Brenda Goh and Josh Ye

17.10 / 18:09

Provident Digital WhatsApp Xiaomi Department shock Newsclick case: Neville Roy Singham rejects allegations of funding, claims NYT article influenced by misinformation

Newsclick case: Millionaire Neville Roy Singham, who was accused of spreading China's propaganda in India in the Newsclick case that saw founder Prabir Purkayastha get arrested, has rejected all allegation in a four page rebuttal published on The Hindu. The Delhi Police has named Singham as as one of the accused in the Newsclick terror case. Singham has issued a rebuttal citing the New York Times artiocle that first brought attention to Newsclick.

16.10 / 21:49

Blockchain Ethereum ETH Lowe's show reports Ethereum Validator Queues for Entry and Exit Positions Drop to New Record Lows: Report

The Ethereum network’s validator queue is empty for the first time since the Shanghai update in May, signaling that investor demand for Ether staking is plummeting.

15.10 / 11:35

UPS Citi BAY reports New Class of Global Elites Emerges with Investable Assets of More Than $100 Million

The number of individuals with investable assets greater than $100 million more than doubled in the past two decades.

14.10 / 08:59

COST UPS Manufacturing Apple electronic China intends to invest in tech industry to come out of the real estate crisis, explains Mark Mobius

blog, “China has gone whole hog for electric vehicles through a generous subsidy program. Each province has its unique scheme; in Shanghai, for instance, they subsidize RMB 15,000 on a RMB 60,000 cost. The manufacturers are also subsidized so there are about 200 manufacturers which produced 27 million EVs last year.

13.10 / 03:27

UPS country reports China considers new stabilization fund to prop up stock market - Bloomberg News

(Reuters) — China is considering creating a state-backed stabilization fund to shore up confidence in its equity markets, Bloomberg News reported on Thursday.

12.10 / 19:09

MET Cooper President travelers prevention India, Russia plan Modi-Putin summit meet this year

Narendra Modi and Russian President Vladimir Putin may be in pipeline this year. The venue and timings of the meeting are yet to be finalised while the two sides are in touch to finalise they meet, ET has learnt. The two last met at Samarkand in 2022 on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit sidelines.

12.10 / 18:05

business Europe stocks UK government stock exchange Stock Market Indexes Stocks across Asia and Europe rise on Economic growth indicators

Stock markets in the Asia-Pacific region and Europe saw gains on Thursday. This uptick was attributed to the United Kingdom’s economic recovery, China’s recent stimulus measures and expectations surrounding the United States Consumer Price Index.

12.10 / 06:15

Citi Digital Parke reports park China’s Shenzhen Launches Digital Yuan Industrial Park

A group of Chinese firms will move into a CBDC-themed “digital yuan industrial park.”

12.10 / 05:09

UPS Reuters Action economy reports prevention Exclusive-China bars brokerages from accepting new mainland clients for offshore trading, say sources

By Selena Li and Summer Zhen

09.10 / 21:35

UPS Fighting economy reports Stock market today: Markets steady in Asia after Israel declares war following Hamas attack in Gaza

Share prices have opened little changed after the the Israeli government declared war following deadly attacks by Hamas from the Gaza Strip

09.10 / 09:19

UPS Target Apple Netflix Tesla performer reports Q3 Weekly Tesla's Q3 flop; Netflix's price hike; Rivian's plunge: Weekly tech roundup

By Louis Juricic and Sarina Isaacs

07.10 / 21:15

UPS Citi Booking economy pandemic country travelers Returns China's flagging economy gets a temporary boost as holiday travel returns to pre-pandemic levels

Tourism in China has bounced back to pre-pandemic levels during a recent eight-day national holiday, giving a temporary boost to the nation’s flagging economy

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