City Shanghai Financial News
20.08 / 13:27
Amazon
e-commerce
What is Temu, the app that asks users to ‘shop like a billionaire’?
Rock-bottom prices on a variety of clothes and household goods has helped e-commerce marketplace Temu surge in popularity with Canadians as many continue to struggle with the cost of living, according to retail analysts.
19.08 / 16:13
19.08 / 04:23
UPS
Citi
Waters
Boeing
NVIDIA
country
week
5 world market themes for the week ahead
summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too amid increasing disquiet in some big emerging markets, while business activity data globally and China property woes mean August is proving far from dull.1/ SUMMER CAMP! U.S.
18.08 / 20:07
COST
UPS
Lowe's
country
China unveils measures to revive stock market
SHANGHAI (Reuters) -China's securities regulator unveiled a package of measures on Friday aimed at reviving a sinking stock market, but investors said they would do little to boost confidence if the economy remains sluggish.
18.08 / 06:31
UPS
Citi
Digital
Progressive
China’s Shanghai and Suzhou Ready Fresh CBDC Adoption Drive
The Chinese cities of Shanghai and Suzhou are eyeing more digital yuan adoption progress as the nation tries to drive up interest in its CBDC.
17.08 / 19:35
COST
DOW
COMPOSITE
DAX
rate hikes
Stock market today: Global shares sink after Fed notes dent hopes of rate hikes ending
Global stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished
17.08 / 14:45
Booking
Airlines
Airlines are adding new routes and making a bold bet on continued strong demand for travel
Airlines are betting that the travel recovery remains red-hot
17.08 / 12:27
COST
UPS
China's state banks seen selling dollars for yuan in London and New York hours
China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to slow the yuan's depreciation. Though they also trade on their own behalf or to execute clients' orders, state banks often act at the behest of the central bank when the yuan is under pressure, as it is now.
17.08 / 12:23
Reuters
Chinese state-owned banks sell dollars to halt yuan depreciation: Report
foreign exchange markets, according to sources with direct knowledge of the situation, reported Reuters. State banks frequently follow instructions from the central bank when the yuan is under pressure, as it is now, even if they can also trade on their own behalf or to carry out customer orders. "State bank dollar selling has become a new normal to slow the pace of yuan depreciation," said one Shanghai-based trader to Reuters.
17.08 / 10:39
FIVE
Reuters
Citigroup
Enterprise
show
country
singer
asset manager
Factbox-Five facts about China asset manager whose troubles fanned spillover fears
BEIJING/SHANGHAI (Reuters) — A liquidity crisis at one of China's top asset managers Zhongzhi Enterprise Group has fuelled worries that the country's deepening property sector crisis is spilling over into its $57 trillion financial industry, even as the economy is weakening.
17.08 / 07:37
COST
Target
COMPOSITE
TJX
rate hikes
Stock market today: Asia follows Wall Street lower after Fed's notes dent hopes of rate hikes ending
Asian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished
17.08 / 04:47
Reuters
Ripple
Enterprise
show
asset manager
Chinese asset manager Zhongzhi says it is in liquidity crisis -meeting video
SHANGHAI (Reuters) -Zhongzhi Enterprise Group on Thursday told investors it is facing a liquidity crisis and will conduct a debt restructuring, according to video footage of a meeting, as the Chinese asset manager grapples with a deepening property market downturn.
17.08 / 02:35
country
Exclusive-China's major state banks sell dollars for yuan in London, NY hours - sources
SHANGHAI (Reuters) — China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to arrest the yuan's rapid losses.
16.08 / 11:37
Citi
Target
Manufacturing
TikTok
show
beautiful
social
NOT
Estée Lauder’s Big Bet on China Is Looking Not So Pretty
TikTok phenomenon in the U.S. to respond faster to trends and keep rebalancing the distribution of its products to continue betting on its retail partnerships with Ulta Beauty, Target and Sephora-Kohl’s ventures, where mass beauty brands top sales. Indie brand e.l.f.
16.08 / 11:17
UPS
FIVE
NIFTY
SENSEX
performer
Top gainers, losers today: UltraTech Cement, Tata Motors, NTPC, Bharti Airtel, Infosys; check full list here
BSE Sensex ended at 65,539.42 up 137.50 points or up 0.2 per cent while the Nifty also closed at 19,465 level, up 30.45 points or 0.16 per cent. Metal and financial stocks saw the most declines following a spike in domestic retail prices that prompted caution, and further worries about China's economic recovery weighed on the market sentiment. Commenting on today's market performance, Vinod Nair, Head of Research at Geojit Financial Services said, "The initial apprehension stemming from an above-expected surge in domestic CPI inflation, driven by higher food prices, induced volatility in the Indian market.
16.08 / 06:37
UPS
DOW
COMPOSITE
show
Stock market today: Asia shares decline as faltering Chinese economy sets off global slide
Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy
15.08 / 05:15
Provident
Target
COMPOSITE
show
Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike
Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again
15.08 / 05:15
UPS
COMPOSITE
show
reports
Asian stocks
Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate
Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy
14.08 / 09:05
Citi
Ripple
Man
Action
Celebrity
country
Gandhi: The 'one man army' behind the 'Great Calcutta Miracle'
Mahatma Gandhi drove down in a pre-World War Cadillac automobile into Kolkata's Beliaghata, a densely populated locality and the epicentre of rioting in the megapolis, to be greeted for the first time in his life by crowds which shouted 'Go back Gandhi'. He had come to stay in a dilapidated single-storey building with Doric pillars situated in a tiny by-lane off Beliaghata main road, set between the sprawling Muslim slum of Miagunje and a lower middle class Hindu locality, to try to bring peace to the most populous city between Paris and Shanghai.
14.08 / 06:31
Tesla
show
performer
Tesla slashes price in China again
Tesla rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had shown signs of abating.
11.08 / 08:43
UPS
COMPOSITE
Tapestry
show
Asian stocks
Stock market today: Asian stocks decline after US inflation edges higher
Asian stock markets are lower after U.S. inflation edged higher, fueling unease about the outlook for the biggest global economy
breaking news about city Shanghai
What is the current situation in city Shanghai?
In city Shanghai, the spotlight is on socially significant developments that affect the region’s daily life.
Where can I find reliable news about city Shanghai?
We publish reliable reports about the situation in city Shanghai, based on information from regional journalists.
What shapes the media agenda in city Shanghai?
The news landscape of city Shanghai is shaped by the region’s internal dynamics, reflecting its unique context.
