On Friday, the S&P 500 slipped 0.1% from an all-time high to close at 5,234.18. The Dow Jones Industrial Average fell 0.8% to 39,475.90 and the Nasdaq composite rose 0.2% to 16,428.82, adding to its ... ( read original story ...)
Yuan rebounds as China central bank sends strong message of support via fixing
Support for the yuan is vital for its stability this year with the Chinese economy still facing a slew of woes. Read more at straitstimes.com. ( read original story ...)
China’s Instagram-like app Xiaohongshu makes first profit
Chinese social media sensation Xiaohongshu has seen its growing popularity lead to profits for the first time, as the Instagram-like platform brings in revenues from advertising and a nascent ... ( read original story ...)
Sustainability in Business: How MBA Students Are Benefiting From China’s Green Revolution
In the Financial Times MBA Ranking 2024, the Shanghai-based business school ranks 21st overall and first in China. To help differentiate himself from those with years of experience, Ritwik focused on ... ( read original story ...)
Today in the Stock Market: Mixed Results for Asian Shares, Despite New Highs on Wall Street
Asian stock markets showed a mix of results, following a stellar performance by Wall Street that witnessed record-breaking highs, mainly boosted by advancements in chip stocks. While Japan’s benchmark ... ( read original story ...)
Tesla (TSLA) stock drops on report it is reducing EV output at Giga Shanghai
Tesla’s (TSLA) stock dropped this morning due to a report that automakers are reducing their electric vehicle output at ... ( read original story ...)
Ahoy there, inaugural Shanghai Sailing Open launches
Sails are set for the inaugural Shanghai Sailing Open, which will be held at Dishui Lake in Pudong's Lingang area next week. As the city's new self-developed sports competition, the event will set the ... ( read original story ...)