Latest Shanghai News

FinVolution: Q4 Earnings Snapshot

Mar. 18, 2024 18:43 PM EDT

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

Mar. 13, 2024 04:40 AM EDT

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

Mar. 07, 2024 05:27 AM EST

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

Mar. 01, 2024 12:28 PM EST

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

Feb. 28, 2024 06:27 AM EST

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

Feb. 27, 2024 00:07 AM EST

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

Feb. 21, 2024 17:59 PM EST

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

Feb. 20, 2024 09:20 AM EST

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

Feb. 08, 2024 00:32 AM EST

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

Feb. 07, 2024 10:15 AM EST

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...