Latest Shanghai News
FinVolution: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Monday reported profit of $73.9 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had net income of 27 cents. Earnings, adjusted for non-recurring costs, were 29 cents per share. ...
Chinese stocks slide as investors maintain caution after US inflation report
HONG KONG (AP) — China stocks were lower Wednesday after the overnight United States inflation report that signaled a diminished possibility of the Fed's rate cut made investors cautious. Hong Kong stocks edged less than 0.1% lower at 17,082.11, ending its three consecutive days of...
Bilibili: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Bilibili Inc. (BILI) on Thursday reported a loss of $179.9 million in its fourth quarter. The Shanghai-based company said it had a loss of 44 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 19 cents per...
Aaron Zigman's 'Émigré' oratorio, about Jews who fled Nazi Germany for Shanghai, has US premiere
NEW YORK (AP) — Aaron Zigman goes back to the 1940s in composing “Émigré,” an oratorio portraying Jews who fled Nazi Germany for Shanghai. His 90-minute, two-act work, given its U.S. premiere by the New York Philharmonic on Thursday night, evokes a World War II-era sound...
Daqo: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Daqo New Energy Corp. (DQ) on Wednesday reported net income of $44.9 million in its fourth quarter. On a per-share basis, the Shanghai-based company said it had net income of 64 cents. The solar panel parts maker posted revenue of...
Stock market today: Wall Street edges back from its record heights
BANGKOK (AP) — Asian shares retreated on Tuesday after U.S. stocks edged back from their record heights. Most regional markets fell, while Shanghai advanced. U.S. futures and oil prices were little changed. Traders are growing cautious after the New Year's rally...
Trip.com: Q4 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Trip.com Group Limited (TCOM) on Wednesday reported profit of $183 million in its fourth quarter. The Shanghai-based company said it had net income of 27 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 56...
China cuts key interest rate in latest move to boost its ailing property sector
BANGKOK (AP) — China’s central bank announced Tuesday that it cut its 5-year loan prime rate while leaving its 1-year rate unchanged in the latest move to ease pressures on the ailing property market. The 5-year rate was lowered by 0.25 basis points to 3.95% while the 1-year rate...
Stock market today: Asian shares are mostly higher as S&P 500 nears the 5,000 level for the 1st time
BANGKOK (AP) — Share were mostly higher in Asia on Thursday after the S&P 500 neared the 5,000 level for the first time. Hong Kong’s benchmark fell while Shanghai advanced after China replaced its top stock market regulator. Tokyo surged 2% on strong corporate earnings. ...
China replaces its top securities regulator, moving to reassure investors and end a market slump
BEIJING (AP) — China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as...