City Shanghai Financial News

07.09 / 15:49

UPS Digital country Indian Chinese banks 'far less digital' than Indian lenders, says KV Kamath

Fintech Summit here. «Yes, they (China) went into (digital) payments very early with Alipay and WeChat Pay. But the rest of it is very interesting.

07.09 / 13:17

Oil falls as concerns about China outweigh extended cuts

By Ahmad Ghaddar

07.09 / 12:04

DOW DAX show reports fall Stock market today: World shares fall as China reports weaker global demand hit its trade in August

Shares are lower in Europe and Asia after China reported that its exports fell for a fourth straight month in August, adding to pressures on its slowing economy

07.09 / 12:03

COMPOSITE Nikkei KOSPI show track tracking fall Stock market today: Asian shares fall, tracking a decline on Wall St on fears rates may stay high

Shares are lower in Asia after a decline on Wall Street, where strong economic data revived worries that the Federal Reserve might keep interest rates high for longer than hoped

07.09 / 11:21

SUN Enterprise NIFTY SENSEX Top gainers, losers today: L&T, IndusInd Bank, SBI, Sun Pharma, M&M among most active stocks; check full list

Nifty settled higher for the fifth consecutive session on Thursday, September 7, supported by gains in select heavyweights, including Larsen & Toubro, HDFC Bank, and ICICI Bank, even as global cues were weak amid concerns over higher interest rates for an extended period. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong ended lower. European markets were trading in the green in early deals.

06.09 / 11:19

UPS AXY NIFTY SENSEX Top gainers, losers today: Bharti Airtel, HDFC Bank, Tata Steel, NTPC, among most active stocks today; check full list

Nifty settled higher for the fourth consecutive session on Wednesday, September 6, supported by gains in shares of select heavyweights, including HDFC Bankand Bharti Airtel. However, weak global cues curtailed gains for them as concerns over interest rate hikes and weakening global economic growth weighs on market sentiment. In Asian markets, Tokyo, Shanghai and Hong Kong ended in the green while Seoul settled lower.

06.09 / 05:45

UPS Strategy COMPOSITE performer queer Will the weakening Chinese dragon strengthen the India Bulls?

Chinese economy and the strengthening Indian economy. The ramifications of this shift are already visible in foreign portfolio flows to the two economies and the contrasting performances of the two stock markets. From the investors’ perspective, the relevant questions are:Are these shifts structural? What are the factors driving these profound changes? What are the implications for investors? The $19 trillion Chinese economy is decelerating fast.

05.09 / 14:03

COST Lowe's Volkswagen Tesla country BYD, China’s Tesla, Is Coming for the World

China’s electric-vehicle champion BYD has sped ahead in its home market despite a bruising price war. Now it will try to export its way to even greater success. The Warren Buffett-backed Chinese automaker sold 1.8 million new-energy vehicles, including plug-in hybrids, in the first eight months of the year—an 83% rise from a year earlier.

05.09 / 13:27

UPS Lowe's Disney Oracle Lowe’s fall Lowe's, Airbnb, Oracle rise premarket; Charter Communications fall

Investing.com — U.S. futures traded with small losses Tuesday, as weak Chinese services activity data increased concerns about the economic recovery of the world’s second largest economy.

04.09 / 16:41

UPS DOW COMPOSITE DAX show Stock market today: World shares surge after Wall St gains on signs the US jobs market is cooling

Stocks are higher in Europe and Asia after Wall Street was boosted by a report that signaled the U.S. jobs market, while still healthy, is showing some signs of cooling

04.09 / 13:17

UPS Manufacturing SENSEX country Time valuation BSE-listed firms' market valuation hits all-time high of Rs 315 lakh crore

all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or 0.37 per cent, to settle at 65,628.14.

04.09 / 11:47

UPS COMPOSITE show performer country China shares rally, G20 summit looms - what's moving markets

Investing.com -- Chinese shares jump as traders bet that recent U.S. unemployment figures may convince officials at the Federal Reserve to keep interest rates steady this month, while markets awaited more possible stimulus measures from Beijing. Elsewhere, international leaders prepare to attend the G20 summit in India later this week, although the gathering will not feature Chinese President Xi Jinping.

04.09 / 07:29

PBoC China’s Central Bank Official Stresses on Use of Digital Yuan in Retail Sectors

The head of the Digital Currency Research Institute at the People's Bank of China (PBOC), Changchun Mu, has emphasized the necessity of making the digital yuan available for all retail payment scenarios.

04.09 / 04:43

UPS Racing Mobile COMPOSITE Renewables China leaves everyone behind in race for renewables income

Companies that make up the S&P 500 produce just 3.4% of their revenue from clean-energy sources, which is roughly half what companies on the Shanghai Composite Index earn, according to BloombergNEF. With corporations struggling to make the transition to net-zero emissions, analysts at BNEF looked under the hood of more than 8,000 companies to determine how much of their revenue is attributable to clean energy. “Shifting business models toward greener activities is about more than being virtuous for the sake of the planet,” says BNEF’s Michael Daly. “There’s a huge financial opportunity for companies that help drive the energy transition.”Chinese companies such as solar leaders LONGi Green Energy Technology Co.

03.09 / 10:29

COST Reuters Racing Software Tesla show country Tesla launches new Model 3 in China with longer range

Shanghai | Tesla shares fell more than 4 per cent on Friday after the electric automaker unveiled a restyled, China-made Model 3 with a longer driving range and a higher price.

02.09 / 12:49

UPS Booking Man CEO social Uday Kotak: How an outsider built a bank from scratch and made it one of the best

Uday Kotak has stepped down as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank, the bank he started in 1985, which is India's third-largest private lender by market value. «An investment of ₹10,000 with us in 1985 would be worth around ₹ 300 crore today,» Kotak said. That's the measure of the miracle wrought by Kotak. Rarely in the world has such a vast financial services conglomerate come up within one generation.

02.09 / 06:05

Manufacturing Remark country China will widen market access for the service industry - President Xi

BEIJING/SHANGHAI (Reuters) -Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade.

01.09 / 14:57

Court Bitcoin China Court Classifies Digital Assets As Property Despite Blanket Ban By Government

A People’s Court in China has stated that under the existing legal framework, digital assets have economic value and are still legal property backed by law.

01.09 / 12:26

COST Reuters Volkswagen Tesla show Tesla launches new Model 3 in China with longer range

SHANGHAI (Reuters) -Tesla on Friday unveiled a restyled, made-in-China Model 3 with a longer driving range, the first time the automaker has launched a new model in China ahead of the United States.

01.09 / 11:31

regulation Bitcoin Regulation Bitcoin Virtual assets China court declares virtual assets as legal properties protected by law: Report

People’s courts in China exercise judicial power independently and are not subject to interference by an administrative or public organization. These courts try criminal, civil, administrative, and cases that involve economic disputes.

01.09 / 11:05

Manufacturing NIFTY Nestle show Top gainers, losers today: NTPC, JSW Steel, Nestle, UltraTech Cement among most active stocks today; check full list

Nifty settled higher on the first session of September, boosted by all-around buying in light of broadly positive global cues ahead of the release of the US jobs data as well as strong domestic macro data. Government data released on Thursday showed that the Indian economy grew 7.8 per cent in the June quarter, mainly on the back of double-digit expansion in the services sector, and retained its position as the world's fastest-growing major economy.

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