Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial ... ( read original story ...)
China central bank leaves key policy rate unchanged, as expected
China's central bank left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation on Friday, as authorities continued to prioritise currency stability amid ... ( read original story ...)
How China Tried to Fix the Stock Market—and Broke the Quants
China’s biggest quant funds beat the market for years by applying complicated statistical models to stock picking. But they didn’t model a key factor—the government.Quantitative funds, which use ... ( read original story ...)
Stock Market News Today, 03/14/24 – Futures Higher as PPI Data Looms
U.S. futures traded higher on Thursday morning as investors looked forward to another key inflation report set for release today. Futures on the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones ... ( read original story ...)
China Central Bank Set to Leave Key Rate Unchanged on Friday Amid Uncertainty Around Fed Easing
The Fed is widely expected to cut interest rates this year if inflation cools, and markets now see a 65% chance of a rate cut in June, though that has edged down from 71% earlier in the week, ... ( read original story ...)
Geely-backed phone maker taps banks for IPO valued at US$2bil
DreamSmart Group, the smartphone maker that last year pivoted toward developing artificial intelligence (AI) for mobile devices, has selected banks to prepare for its Hong Kong initial public offering ... ( read original story ...)
Experts hail Shanghai action plan on services consumption
The experience of developed countries has shown that once per capita GDP exceeds $15,000, services consumption will play a dominant role in household consumption expenditures. Shanghai's per capita ... ( read original story ...)