HSBC PHILIPPINES is set to absorb its retail banking unit HSBC Savings Bank as the lender aims to streamline its operations in the country. ( read original story ...)
China’s IPO Market to Hit New High This Year; Shanghai Is World’s Biggest, PwC Says
China’s stock markets have outperformed those in other countries both in the number of IPOs and the amount raised, according to a report published by UK professional services firm Pricewaterhouse ... ( read original story ...)
Tesla Falls on Plan to Cut Output of EVs at Shanghai Factory
Tesla Inc. plans to lower production at its Shanghai factory, according to people familiar with the matter, in the latest sign demand in China isn’t meeting expectations. The company’s shares fell in ... ( read original story ...)
Stock Market Today: Stocks Drift Lower, Dollar Weakens On Renewed Recession Risks
Traders are fading last week's solid jobs report, as well as loosening Covid restrictions in China, as recession concerns continue to weigh on U.S. stocks. ( read original story ...)
Tesla Stock Slumps After Company Reportedly Cuts Model Y Production From Shanghai Plant
The plan to cut production comes after delivered more than 100,000 from its Shanghai plant for the first time in November. ( read original story ...)
Markets Today: Stock Indexes Slip as Bond Yields Rise
Real-time index price for S&P 500 Materials [Sector] (SRMA), along with buy or sell indicators, analysis, charts, historical performance, news and more ... ( read original story ...)
Chinese stocks, yuan stage powerful rally amid upturn in economic expectations
Chinese assets staged a powerful rally on Monday, with the flagship Shanghai Composite Index regaining the 3,200 level last seen in mid-September and the yuan strengthening past the psychologically ... ( read original story ...)