Latest Shanghai News

Global stocks ending action-packed week solidly

Sep. 20, 2019 8:43 AM EDT

LONDON (AP) — Global stock markets traded in fairly narrow ranges on Friday at the end of a fairly eventful week that saw oil prices spike sharply after attacks on Saudi oil facilities and the Federal Reserve cut interest rates again. Though oil prices are up strongly on the week, there's been an element...

Asian shares mostly higher as China cuts loan rate

Sep. 20, 2019 12:08 AM EDT

BANGKOK (AP) — Asian shares were mostly higher on Friday after a lackluster session on Wall Street, as investors shifted their focus to China-U.S. trade talks after a busy week of central bank news. Japan's Nikkei 225 index gained 0.4% to 22,135.98 and the Shanghai Composite index rose 0.2% to 3,004.48....

DreamWorks, Shanghai studio hope 'Abominable' suits China

Sep. 19, 2019 1:14 PM EDT

For the new animated movie "Abominable," bringing a big city in China to life with accuracy means that even the trash has to look right. Chinese animators collaborating with DreamWorks animators urged them to dump metal trash cans from backdrops because "we don't have metal trash cans." "It took nights and...

Stocks mixed ahead of Fed, oil dips on Saudi output recovery

Sep. 18, 2019 8:24 AM EDT

BEIJING (AP) — Global stocks were little changed Wednesday as investors watched for a U.S. Federal Reserve decision on a possible interest rate cut and as oil prices eased on hopes for a quick recovery in Saudi oil supplies. Benchmarks in London, Frankfurt and Shanghai advanced while Tokyo and Hong Kong...

Chinese envoy going to US to prepare for trade talks

Sep. 17, 2019 2:11 AM EDT

BEIJING (AP) — A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations. The announcement Tuesday follows conciliatory gestures by both sides ahead of the October talks on their fight over trade and technology, which threatens to dampen global economic growth. A deputy finance...

Popularity of NBA in China seems to create endless options

Sep. 16, 2019 11:09 AM EDT

BEIJING (AP) — Kobe Bryant went to China for the first time in 1998, making the trip to Beijing to help operate an instructional basketball clinic for about a dozen kids. The local coaches working with him didn't know a lot about the game. Barely anyone noticed that an NBA player was in town. Basketball...

Global stocks slip as oil prices surge

Sep. 16, 2019 7:24 AM EDT

BEIJING (AP) — Global stock markets sank Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Market benchmarks in Europe dropped after Asian markets mostly closed lower, while Wall Street futures were down slightly. Shanghai's index was unchanged, and...

Asian markets mixed as oil prices surge

Sep. 16, 2019 12:17 AM EDT

BEIJING (AP) — Asian stock markets were mixed Monday after crude prices surged following an attack on Saudi Arabia's biggest oil processing facility. Hong Kong's benchmark tumbled 1.1% while Seoul advanced and Shanghai and Sydney were little-changed. Japanese markets were closed for a holiday. The...

China to lift punitive tariffs on US soybeans, pork

Sep. 13, 2019 3:16 PM EDT

BEIJING (AP) — China will lift punitive tariffs imposed on U.S. soybeans and pork in a trade war with Washington, a state news agency said Friday, adding to conciliatory gestures by the two sides ahead of negotiations. China will suspend tariff hikes on soybeans, pork and some other farm goods, the Xinhua...

Stock markets edge up ahead of ECB stimulus decision

Sep. 12, 2019 7:12 AM EDT

BANGKOK (AP) — World stock markets rose cautiously Thursday as investors awaited the European Central Bank's decision on how much stimulus it will provide the economy. Sentiment also was brightened by hopes that China and the U.S. are moving to ease trade tensions. Germany's DAX edged 0.2% higher to 12,378...