Latest Shanghai News
Mechanical sails? Batteries? Shippers forming 'green corridors' to fast-track cleaner technologies
It's among the world's busiest container shipping routes — a stream of vessels packed with furniture, automobiles, clothing and other goods, traversing the Pacific between Los Angeles and Shanghai. If plans succeed, this corridor will become a showcase for slashing planet-warming...
GDS Holdings: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — GDS Holdings Limited (GDS) on Thursday reported a loss of $69.4 million in its first quarter. On a per-share basis, the Shanghai-based company said it had a loss of 40 cents. The company posted revenue of $350.8 million in the...
Stock market today: Asian stocks slide as debt worries mount
BEIJING (AP) — Asian stock markets slid Wednesday as the U.S. government crept closer to a potentially disruptive default on its debt. Tokyo's main market index lost more than 1%. Shanghai, Hong Kong and Seoul also declined. Wall Street's benchmark S&P 500 index...
Asian stocks follow Wall St higher on hopes for US debt deal
BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday on hopes U.S. political leaders can reach agreement to avoid a potentially disastrous default on government debt. Shanghai, Tokyo, Hong Kong and Sydney advanced. Oil prices edged lower. Wall...
FinVolution: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — FinVolution Group (FINV) on Wednesday reported net income of $101.3 million in its first quarter. On a per-share basis, the Shanghai-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring costs, were 36 cents per...
Stock market today: Asian shares advance though China economic data weaker than expected
Asian shares were mostly higher on Tuesday even though the latest data showed China’s economy is weaker than expected, with domestic demand failing to bounce back as much as hoped for after the pandemic. Benchmarks advanced in Tokyo, Hong Kong and Seoul but fell in Shanghai and...
China raids offices of business consultancy Capvision
BEIJING (AP) — China’s chief foreign intelligence agency has raided the offices of business consulting firm Capvision in Beijing and other Chinese cities as part of an ongoing crackdown on foreign businesses that provide sensitive economic data. Foreign companies operating in...
Stock market today: Asia mixed after Wall St sinks
BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street sank on worries about the health of U.S. banks that are under pressure from interest rate hikes. Shanghai declined while Hong Kong and Sydney advanced. Markets in Japan and South Korea were closed for holidays....
US says it will allow more flights by Chinese airlines
WASHINGTON (AP) — The Biden administration will let Chinese airlines add more flights to the U.S. to match the number of flights that China allows U.S. airlines to fly between the two nations. The Transportation Department said it will let Chinese airlines increase from eight to...
Yum China: Q1 Earnings Snapshot
SHANGHAI (AP) — SHANGHAI (AP) — Yum China Holdings Inc. (YUMC) on Tuesday reported first-quarter net income of $289 million. On a per-share basis, the Shanghai-based company said it had net income of 68 cents. Earnings, adjusted for non-recurring costs, were 69 cents per share. ...
