The worst was that of chip manufacturer ASR Microelectronics, whose shares had slumped 34% in Shanghai during their trading debut in January following its $1.1 billion IPO ... ( read original story ...)
Global stocks rally on Shanghai reopening hopes
In foreign exchange, the pound leapt against the dollar as UK jobs data cemented expectations of more interest rate rises from the Bank of England despite growing fears of recession. ‘Hopes that the ... ( read original story ...)
Stocks rally as Shanghai reopening cheers markets
Hong Kong led a rally across stock markets Tuesday on hopes that China's economic hub Shanghai will ease its weeks-long lockdown and gradually reopen businesses. ( read original story ...)
Tesla shares dip after cutting Shanghai plant production target
The EV maker is aiming to produce around 1,200 vehicles a day this week. Meanwhile, JetBlue is pursuing a hostile takeover of Spirit and Ford sells more Rivian stock. ( read original story ...)
Shanghai bus companies prepare to resume operations
With the COVID-19 situation easing in China's financial hub Shanghai, the city said on Monday that public transit will gradually resume operations in phases from May 22. ( read original story ...)
China’s yuan firms as Shanghai sets out clearer lockdown timetable
China's yuan firmed on Tuesday from near 20-month lows a day earlier, as the country's largest city moved closer to lifting stifling lockdowns and investors reconsidered the impact of U.S. rate ... ( read original story ...)
Shanghai residents leverage Excel skills, management savvy to navigate Covid-19 lockdown
Some have stepped up with bright ideas and commitment to help their communities through the crisis. . Read more at straitstimes.com. ( read original story ...)