Though the Russian market is an appealing one for Chinese exporters, Western sanctions are making payment processing a challenge as delays mount and few avenues for financial transactions remain. ( read original story ...)
Major US Bank Boss Issues Grim Economic Warning
JPMorgan Chase CEO Jamie Dimon issued a stark warning about the potential for a "hard landing" for the U.S. economy, citing concerns about stagflation and persistent inflation. Read more: Chase Bank ... ( read original story ...)
Hesai Group Reports First Quarter 2024 Unaudited Financial Results
Quarterlylidarshipments were59,101 units SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- Hesai Group (“Hesai” or the “Company”), (NASDAQ: HSAI), the global leader in three-dimensional light ... ( read original story ...)
China Market Update: Hong Kong & Mainland China Climb The Great Wall Of Skepticism
Asian equities were largely higher despite the US dollar’s strength overnight though India was on holiday for election day. ( read original story ...)
Can A New Model Y Challenger Get Nio Stock Back On Track?
SHANGHAI, CHINA - MAY 15 ... an increase of about 40% for the S&P 500 over this roughly 3-year period. Notably, NIO stock has underperformed the broader market in each of the last 3 years. Returns for ... ( read original story ...)
Shanghai Interbank Offered Rate holds steady on Monday at 1.719 percent
(MENAFN) On Monday, the overnight Shanghai Interbank Offered Rate (Shibor), a key indicator ... the general trend suggests a balanced borrowing landscape, facilitating smooth financial intermediation ... ( read original story ...)
ECARX Announces First Quarter 2024 Unaudited Financial Results
SHANGHAI, China, May 20, 2024 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, today announced unaudited financial results for the ... ( read original story ...)