Latest Shanghai News

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... Q4 Earnings Snapshot

Feb. 21, 2024 17:59 PM EST

SHANGHAI (AP) — SHANGHAI (AP) — 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...

Yum China: Q4 Earnings Snapshot

Feb. 06, 2024 17:05 PM EST

SHANGHAI (AP) — SHANGHAI (AP) — Yum China Holdings Inc. (YUMC) on Tuesday reported fourth-quarter net income of $97 million. On a per-share basis, the Shanghai-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring costs, were 25 cents per share. ...

Chinese shares jump as Beijing steps up moves to boost sagging markets

Feb. 06, 2024 05:15 AM EST

BANGKOK (AP) — A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing’s resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in...

Stock market today: Asian shares are mixed, with China up after state fund says it will buy stocks

Feb. 06, 2024 00:43 AM EST

NEW YORK (AP) — Shares are mixed in Asia, where Chinese markets advanced after a government investment fund said it would step up stock purchases. But the gains in Shanghai, Shenzhen and Hong Kong were much smaller than recent losses. Oil prices rose and U.S....