Latest Shanghai News
Stock market today: Asian shares mostly advance after Wall St comeback from worst loss since 2022
BANGKOK (AP) — Shares were mostly higher in Asia on Friday, with major markets apart from Shanghai and Taiwan logging modest gains. U.S. futures and oil prices rose. That followed a split Thursday on Wall Street, where general stocks and other formerly downtrodden...
Stock market today: Wall Street finishes worst week since April with more losses
NEW YORK (AP) — U.S. stocks slumped Friday in another washout, as businesses around the world scrambled to contain the effects of a disruptive technology outage. The S&P 500 fell 0.7% to close its first losing week in the last three and its worst since April. The Dow Jones...
26 million tons of clothing end up in China's landfills each year, propelled by fast fashion
WENZHOU, China (AP) — At a factory in Zhejiang province on China’s eastern coast, two mounds of discarded cotton clothing and bed linens, loosely separated into dark and light colors, pile up on a workroom floor. Jacket sleeves, collars and brand labels protrude from the stacks as workers...
Stock market today: Japan's Nikkei 225 hits new record close, as other world markets advance
BANGKOK (AP) — Japan’s benchmark Nikkei 225 surged Thursday to a record close of 40,913.65, while most other major world markets also advanced. Investors worldwide are keen to see the Federal Reserve cut rates that it has been keeping at two-decade highs to slow growth and tame...
Stock market today: Asian shares mostly rise, boosted by Wall Street records as Tesla zooms
TOKYO (AP) — Asian shares were mostly higher on Wednesday after Tesla shares zoomed up more than 10%, helping to drive U.S. benchmarks to new records. Japan's benchmark Nikkei 225 rose 0.9% in morning trading to 40,425.27. Australia's S&P/ASX 200 gained nearly 0.3% to...
Stock market today: Asian stocks are mixed after Wall Street edges to more records
HONG KONG (AP) — Asian stocks were mixed on Wednesday after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession. U.S. futures were mixed and oil prices were little changed. Tokyo’s...
Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.
Asian shares were higher on Friday as investors shrugged off yet another decline on Wall Street, while an official survey showed a weakening in Chinese factory activity. Tokyo's Nikkei 225 added 0.2% to 38,119.96 and the Kospi in Seoul gained 0.4% to 2,646.44. Chinese...
Noah: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Noah Holdings Ltd. (NOAH) on Wednesday reported net income of $18.2 million in its first quarter. The Shanghai-based company said it had net income of 26 cents per share. Earnings, adjusted for non-recurring costs, were 32 cents per share. ...
EV maker Tesla breaks ground on Megapack energy storage battery factory in Shanghai
BEIJING (AP) — Electric vehicle maker Tesla has begun construction of a factory in Shanghai to make its Megapack energy storage batteries, Chinese state media reported Thursday. The $200 million plant in Shanghai’s Lingang pilot free trade zone will be the first Tesla battery...
Bilibili: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Bilibili Inc. (BILI) on Thursday reported a loss of $104.5 million in its first quarter. The Shanghai-based company said it had a loss of 25 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 15 cents per...
