China's biggest offshore driller was delisted by the New York Stock Exchange following US sanctions. . Read more at straitstimes.com. ( read original story ...)
China Oil Giant CNOOC Soars 44% in Its Shanghai Debut
SHANGHAI (Reuters) -Chinese oil giant CNOOC Ltd surged 44% in its Shanghai debut on Thursday, after raising 28.08 billion yuan ($4.41 billion) in China's 11th-biggest public stock offering. The stock ... ( read original story ...)
Tesla Posts Record Profits But the Impact of its Shanghai Lockdown Looms
Tesla’s first-quarter earnings beat Wall Street expectations but came with a warning about possible impacts from the lockdown in Shanghai. ( read original story ...)
US car chip maker Onsemi the latest to warn of Shanghai disruptions as supply chains remain strained
A letter that appears to be from US chip maker Onsemi says its Shanghai distribution centre, one of four in Asia, has no date to resume operations, but its manufacturing facilities are located in ... ( read original story ...)
Tesla’s battery supplier CATL loses trillion-yuan value marker as Shanghai lockdown compounds stock slump
The setback mirrors the fallout in China's stock market, with the Shanghai Composite Index ranking as the worst performer among major Asia-Pacific equity benchmarks. Policymakers in Beijing have ... ( read original story ...)
Shanghai Businesses Slowly Restart as Lockdown Woes Endure
Carmakers to supermarkets are gradually resuming operations in Shanghai as the city seeks to recover from the economic toll of an unprecedented lockdown that’s still restricting more than 16 million ... ( read original story ...)
Fashion-obsessed Shanghai residents living in lockdown are flaunting their wealth by hanging shopping bags of luxury brands on their doors
Others commented how the trend is proof that residents of Shanghai — a wealthy financial hub of 26 million — live different lives from those in the rest of China. "They're in their own materialistic ... ( read original story ...)