And while the reopening has been marred by sporadic virus outbreaks and partial lockdowns in Beijing and Shanghai, the market seems to have reached a consensus that the worst of the damage to the ... ( read original story ...)
Dubai is the 14th-most expensive city for world’s rich as Shanghai takes top spot
Mumbai is the most ‘affordable’ among city choices for the wealthy, ahead of Johannesburg Dubai: Dubai was ranked the 14th-most expensive city in the world for high networth individuals (HNWIs) in ... ( read original story ...)
Shanghai stocks end at 3-month high despite hawkish Fed, COVID woes
Shanghai stocks closed at three-month highs, while Hong Kong shares ended unchanged on Tuesday, despite an overnight slump in U.S. stocks on fears of aggressive U.S. rate hikes, as analysts expect ... ( read original story ...)
China regulator denies Ant Group restarting IPO
The prospect of Alibaba’s listing of its financial arm Ant Group moving forward after an 18-month delay was dampened by the securities regulator denying it is looking at resuming the IPO. In a brief ... ( read original story ...)
U.S. Firms In Shanghai Cutting Revenue Forecasts, Investment Plans After Lockdowns — Survey
A vast majority of U.S. firms in Shanghai are cutting revenue forecasts for 2022 in the wake of “zero-Covid” policies that left much of the international business hub of 26 million people locked down ... ( read original story ...)
Buoyant A-share market ducks global downtrend
Although widespread headwinds roiled major global stock markets on Monday, China's A-share market ducked the downtrend on Tuesday with the benchmark Shanghai Composite Index and the Shenzhen Component ... ( read original story ...)
Shanghai lockdown sees quarter of US firms cut investment plans: poll
Shanghai's lengthy Covid-19 lockdown pushed a quarter of US firms in the city to cut investment plans and nearly all to drop revenue forecasts, a business group said Wednesday. ( read original story ...)