As of late October 2024, global markets are navigating a complex landscape influenced by rising U.S. Treasury yields and tempered economic growth, with the S&P 500 experiencing a downturn after six ... ( read original story ...)
Stock market today: Asia shares decline as investors await earnings, US elections and economic data
In the bond market, yields edged higher following the latest readings on the U.S. economy. Growth for the overall economy slowed during the summer from the spring, according to a preliminary estimate ... ( read original story ...)
China’s big banks post Q3 profit gains, squeeze on net interest margins
The Bank of China (BoC) , the Bank of Communications and CCB reported quarterly net profit gains of 4.38%, 1.2% and 3.79%, respectively. ICBC rose 0.2% in Shanghai on Thursday morning after the ... ( read original story ...)
Shanghai braces itself for torrential rain as Typhoon Kong-rey advances
Shanghai's railway operator announced suspensions to some high-speed trains from Oct 31 to Nov 1. Read more at straitstimes.com. ( read original story ...)
Student from Dubai seizes educational opportunities in Shanghai with relish
When Mohammed Faisal Al Shehhi turned up for our interview on the last day of the National Day holiday, our conversation began in English but then shifted briefly to Mandarin, which the Dubai native ... ( read original story ...)
GF aims to revitalize foundry business in China with team expansion planned for 2025
GlobalFoundries (GF) is looking to revitalize its operations in China. K.C. Ang, who became GF's president for Asia and chairman for China earlier this year, recently said at an annual technology ... ( read original story ...)
How Volkswagen Lost Its Way in China
A brutal price war, sudden shifts in consumer demand and human rights issues in Xinjiang have left VW stumbling in a market it led for 40 years. ( read original story ...)