HSBC is poised to benefit from the rising interest rate environment across the globe. Read more to find out why we rate HSBC a buy at its current price. ( read original story ...)
Shanghai’s Long Covid Lockdown Poses a Threat To the Global Economy
Shanghai, an industrial center and home to the world’s largest port, has been under lockdown for nearly a month. That has an impact on global supply chains and inflation. ( read original story ...)
China’s Shanghai lockdowns have California ports bracing for shipping chaos, supply-chain ‘hiccups’
If China’s disruptive lockdowns persist, they could fuel global inflation, slow the pace of exports shipped from the ‘world’s factory’, and weaken demand in the world’s largest consumer market, ... ( read original story ...)
China Merchants Bank relieves president Tian Huiyu of his job in surprise move after US$11 billion stock sell-off amid talk of unspecified probes
Tian was relieved of his job with immediate effect, China Merchants Bank said, adding that he would be assigned to another unspecified post Chief financial officer Wang Liang to step up as interim CEO ... ( read original story ...)
Tesla’s Shanghai Factory Will Reportedly Force Employees to Sleep at Work
Employees at Tesla’s Shanghai factory are reportedly being forced to live at work following a three-week shutdown due to a recent outbreak of Covid-19 cases in China. The company will hand out ... ( read original story ...)
Why Tesla Stock Popped on Monday
Assuming that shifts at the Shanghai plant are run as the company runs them ... After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just ... ( read original story ...)
Shanghai officials report first deaths in latest COVID-19 outbreak
Officials say three people have died from COVID-19 in Shanghai, in the first reported deaths in the latest outbreak in China's most populous and wealthiest city. ( read original story ...)