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Alibaba logs higher quarterly sales but posts loss on antitrust fine
Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss......»»
Nio Reports Q1 Beat Amid Strong Demand, Forecasts Deliveries Growth Despite Chip Shortages
Chinese EV manufacturer NIO Inc. (NYSE: NIO) announced Thursday first-quarter r.....»»
: China posts record growth on-year in Q1 but recovery seen as slowing
The Chinese economy grew by a record 18.3% in the first quarter of the year compared with the same period of 2020, when it had shrunk for the first time in decades due to the COVID-19 pandemic......»»
: Investors blinded by over-optimism on vaccine rollout must see these risks, warns economist
Enthusiasm for President Biden’s coronavirus relief package, the rollout of vaccines, and Chinese growth have made investors blind to risk, warns this economist......»»
China ETFs surge on GDP beat
Chinese growth-stock exchange-traded funds roared higher Tuesday, the first trading day in the U.S. after the country said it had had economic growth that beat analyst expectations and surpassed pre-pandemic ra.....»»
: Chinese exports shot to a record high in 2020 as the world economy sank
Economists expect China’s exports growth to slow in the coming months if western economies manage to control the COVID-19 pandemic's second wave and resume normal activity......»»
XPeng Analyst: Automaker Leads Chinese EV Market In Autonomous Driving
Chinese electric vehicle manufacturer Xpeng Inc – ADR (NYSE: XPEV) is poised for an acceleration in sales growth, according to an analyst at BofA Securities. The XPeng Analyst: Ming Hsun Lee reiterated a Buy rating on XPeng with a $54.10 price target. .....»»
Alibaba stands to benefit as Chinese e-commerce growth nears pre-virus levels, says analyst
Raymond James analyst Aaron Kessler is encouraged by Chinese government data indicating that growth of online purchases in the country is nearing pre-coronavirus levels. He said the la.....»»
Stocks falter as anxiety grows over second coronavirus wave
Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted......»»
Dollar surges on quarter-end flows; outlook robust
The dollar climbed against a swathe of currencies on Tuesday amid fiscal year-end demand by Japanese firms while the Australian dollar slipped despite a Chinese survey showing manufacturing returned to growth in March......»»
Yen declines on year-end U.S. dollar demand
The dollar rose against the yen on Tuesday amid fiscal year-end demand by Japanese companies and the Chinese yuan stood firm after a survey showed manufacturing returned to growth in March......»»
China counting on 5G to reignite growth engine
The Chinese government has pushed its local factories to resume production and rolled out relief measures to help industries hit by the coronavirus disease, with a heavy emphasis on the 5G sector's role to restore its growth engine......»»
Urbem’s "Megatrend" Series: The Rise of China
Picking non-China stocks to benefit from Chinese economic growth with a better risk-reward balanceRelated Stocks: DJCO, XSWX:CFR, LVMH(XPAR:MC), NKE, XTER:ADS, HKSE:0202,.....»»
Stocks scale fresh peaks on slowing virus, dollar gains
The dollar gained while U.S. and European equity indexes scaled fresh peaks on Wednesday after China reported another decline in new coronavirus cases and on expectations of Chinese stimulus to counter a slowdown in growth......»»
Hormel joins Tyson Foods, JBS in removing drug banned by China from hog supply
Spam-maker Hormel Foods Corp is eliminating a growth drug banned by China from its hog supply, the company said on Tuesday, joining rivals that are seeking to increase meat sales to Chinese buyers grappling with a pork shortage......»»
Coronavirus impact on world economy uncertain amid "sluggish" growth: IMF chief
The Chinese virus outbreak's impact on the world economy is hard to predict because of China's new outsized role in the global marketplace, International Monetary Fund chief Kristalina Georgieva said Wednesday......»»
Health care and tech grows in city while other sectors falter, comptroller finds
New York City's still working it! Employment expansion in 2019 kept pace with the prior two years, despite fears of a looming downturn, a new report by state found. The growth owed to continuing... To view the full story, click the title link......»»
How the Long Tail of the Coronavirus Might Slow Bitcoin’s Hash Power Growth
The shortage of new mining machines caused by the coronavirus outbreak could curb computing power growth from Chinese miners who contribute over 65% of Bitcoin’s hash power......»»
Exclusive: As virus fallout widens, China readies more measures to stabilize economy - sources
Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said......»»
Market Snapshot: Dow tumbles 600 points as Trump declares public health emergency for coronavirus epidemic
U.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street......»»