Latest Shanghai News

Yum China: Q4 Earnings Snapshot

Feb. 07, 2023 19:17 PM EST

SHANGHAI (AP) — SHANGHAI (AP) — Yum China Holdings Inc. (YUMC) on Tuesday reported earnings of $53 million in its fourth quarter. The Shanghai-based company said it had profit of 13 cents per share. The restaurant operator in China posted revenue of $2.09 billion...

Asian stocks rebound after Wall St sinks on rate fears

Feb. 06, 2023 22:56 PM EST

BEIJING (AP) — Asian stock markets rebounded Tuesday after Wall Street sank under pressure from worries about higher interest rates and after Japan reported stronger wage gains than expected. Shanghai, Tokyo, Hong Kong and Seoul advanced. Oil prices rose. Wall Street...

Asian stocks sink after US jobs data fan rate hike fears

Feb. 05, 2023 23:29 PM EST

BEIJING (AP) — Asian stock markets sank Monday after strong U.S. jobs data fanned fears of more interest rate hikes to cool inflation. Shanghai, Hong Kong and Seoul retreated. Tokyo gained. Oil prices edged higher. Wall Street wilted Friday after official data showed...

Asian stocks rise after Fed sees inflation improving

Feb. 01, 2023 23:01 PM EST

BEIJING (AP) — Asian stock markets gained Thursday after the Federal Reserve said the U.S. economy is moving toward lower inflation but more interest rate hikes are planned. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices rose. Wall Street's benchmark...

Former Shanghai bookseller's wife hit with 'exit ban'

Jan. 31, 2023 01:19 AM EST

HONG KONG (AP) — Chinese police have prevented a woman from returning to her home in Florida in an effort to compel her husband to return to China, she wrote in a letter he made public. The case appears to be the latest example of Chinese authorities placing an “exit ban” on a...

Asian shares edge higher, tracking Wall Street rally

Jan. 26, 2023 22:32 PM EST

TOKYO (AP) — Asian shares advanced Friday, tracking a rally on Wall Street following reports suggesting the economy and corporate profits may be doing better than feared. In Tokyo, data showed the core consumer price index was up 4.3%, slightly higher than expected at 4.2%, and...

Asian markets rise after Wall St losses amid recession fears

Jan. 19, 2023 22:56 PM EST

BEIJING (AP) — Asian stock markets rose Friday after Wall Street losses deepened as worries grow that the U.S. economy is headed for recession. Shanghai, Tokyo and Hong Kong advanced. Seoul declined. Oil prices gained. Traders worry the Federal Reserve and other...

China's trade surplus swells to $877.6B as exports grow

Jan. 13, 2023 00:02 AM EST

BEIJING (AP) — China’s trade surplus swelled to a record $877.6 billion last year as exports rose despite weakening U.S. and European demand and anti-virus controls that temporarily shut down Shanghai and other industrial centers. Exports increased 7% from a year earlier to $3.95...

Asian markets mostly higher, tracking Wall Street gains

Jan. 12, 2023 23:29 PM EST

BANGKOK (AP) — Shares advanced Friday in Asia after news that U.S. consumer inflation slowed last month pushed Wall Street benchmarks higher. Tokyo's Nikkei 225 index fell 1% to 26,174.88 on speculation that the Bank of Japan might relent and tighten its ultra-loose monetary...

Asian stock markets mixed ahead of US inflation update

Jan. 09, 2023 22:43 PM EST

BEIJING (AP) — Stock markets were mixed Tuesday ahead of a U.S. inflation update that traders hope will encourage the Federal Reserve to ease off plans for more interest rate hikes. Shanghai and Tokyo rose. Hong Kong and Sydney retreated. Oil prices declined. Traders...