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The Latest Breaking News from China

Rate jitters keep stocks on back foot

Recap: Global stocks retreated as markets worried about more US interest-rate increases while Asian shares slumped on a concern that China's Zero-Covid policy may hold back the region's economic growth.

Ukraine, inflation and Covid still in spotlight

Ukraine, inflation and Covid still in spotlight

We expect the SET Index to continue to be volatile. Russia's war in Ukraine will remain in the spotlight, while investors will keep an eye on signals from the US Federal Reserve and the Covid-19 outbreak in China, which is forecast to peak soon. On the domestic front, earnings speculation…

'Zero-COVID' lockdowns cancel AP exams for students in China

'Zero-COVID' lockdowns cancel AP exams for students in China

Thousands of high school students in China are missing Advanced Placement exams that many prepared for to improve their chances of attending college in the West

The Independent UK

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What's Going On With Bitcoin- And Ethereum-Related Stock SOS Limited Today?

Shares of Chinese companies, including Sos Ltd - ADR (NYSE: SOS), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.

Adidas Shares Slide As China Lockdown Weighs On Q1 Earnings, FY22 Outlook

Adidas AG (OTC:ADDYY) reported first-quarter FY22 sales growth of 0.6% year-on-year to €5.3 billion. Currency-neutral sales declined 3% as supply constraints reduced the top-line by €400 million. Currency-neutral sales across North America rose 13%, EMEA improved 9%, and Latin America jumped 38%. The challenging market environment and COVID-19-related lockdowns in Greater China and…

Why JD.com Shares Are Diving

Shares of Chinese companies, including JD.Com Inc (NASDAQ: JD), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.

Why Pinduoduo Shares Are Falling

Shares of Chinese companies, including Pinduoduo Inc - ADR (NASDAQ: PDD), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.

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Why Alibaba Shares Are Diving

Why Alibaba Shares Are Diving

Shares of Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.

What's Going On With Nio Shares Today?

What's Going On With Nio Shares Today?

Shares of Chinese companies, including Nio Inc - ADR (NYSE: NIO), are trading lower. Concerns over COVID-19 cases in China, as well as U.S. market weakness, have pressured Chinese stocks today.

Biden should give ASEAN leaders face time to improve ties, says Cambodian minister

Biden should give ASEAN leaders face time to improve ties, says Cambodian minister

U.S. President Joe Biden should spend more time with Southeast Asian leaders during a summit in Washington next week if his administration is serious about elevating U.S. ties with the region, where China holds significant sway, a senior Cambodian official told Reuters on Friday.

Chaos Erupts At Apple Plant In China Due To Strict Lockdown

Chaos Erupts At Apple Plant In China Due To Strict Lockdown

Hundreds of workers at Quanta Computer Inc's (OTC:QUCPY) Shanghai factory manufacturing Apple Inc (NASDAQ:AAPL) devices clashed with authorities and flooded past isolation barriers after weeks under lockdown on May 5, Bloomberg reports. Quanta is a critical partner for Apple, generating over 50% of its revenue from the iPhone-maker as it assembled MacBooks and other devices.…

Goodyear Q1 Earnings Beat Estimates Aided By Cooper Tire, Pricing Actions

Goodyear Q1 Earnings Beat Estimates Aided By Cooper Tire, Pricing Actions

Goodyear Tire & Rubber Co (NASDAQ:GT) reported first-quarter FY22 net sales growth of 39.8% year-on-year to $4.91 billion, beating the consensus of $4.65 billion. Cooper Tire merger, improvements in price/mix, higher volume, and increased sales from other tire-related businesses drove the growth. Sales in the Americas rose 63% Y/Y, Europe, Middle East &…

Asian Games in China postponed due to spike in coronavirus cases

Asian Games in China postponed due to spike in coronavirus cases

A rise in cases of coronavirus in China has forced the Olympic Council of Asia to postpone the Asian Games and cancel the Asian Youth Games

Chinese Analyst Who Projected Bearish Reports On Alibaba And Other Chinese Stocks Returns To Twitter

Chinese Analyst Who Projected Bearish Reports On Alibaba And Other Chinese Stocks Returns To Twitter

The former China strategist at Bocom International Holdings was active again on Twitter, Inc (NYSE:TWTR) with a forecast on the Nasdaq index, just days after he exited the state-owned brokerage following a ban by Chinese social media, Bloomberg reports. Hong Hao posted a chart on Twitter that compared the Nasdaq's bubble in 2000 to its…

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Los Angeles Times

Can China preserve both its economy and its zero-tolerance COVID-19 policy?

TAIPEI, Taiwan — China's zero-COVID strategy is starting to derail another major item on the government's agenda: economic stability.

Asian Games the latest Covid casualty

The Asian Games in September in the Chinese city of Hangzhou have been postponed because of Covid-19 with new dates to be announced “in the near future”, organisers said on Friday.

Covid Delays 2022 Asian Games in China

The Olympic Council of Asia announces the event won’t take place as scheduled this September in the eastern city of Hangzhou

Morning Brief: Top Financial Stories Dominating on Friday, May 6

Reuters IHG Hotels & Resorts On Way To Recovery As Travel Booms

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US Regulators Reach China For Audit Deal Discussions: Reuters

U.S. regulatory officials arrived in Beijing seeking to settle a long-running dispute over the auditing compliance of U.S.-listed Chinese firms, Reuters reported, citing sources. The stand-off, if not resolved, could see Chinese firms kicked off New York bourses. This week the SEC added over 80 firms to the list of companies…

Asharq Al-Awsat

Taiwan Jets Scramble as China Air Force Enters Air Defense Zone

Taiwan's air force scrambled on Friday to warn away 18 Chinese aircraft that entered its air defense zone, Taiwan's defense ministry said, part of what is a regular pattern of incursions that has angered the government in Taipei. Taiwan, claimed by China as its own territory, has complained of repeated…

Vice President Wang Qishan to Attend South Korean President’s Inauguration

A special representative and close aide of President Xi Jinping, Wang will lead a delegation to Seoul at the invitation of the South Korean government

Tesla Will Run Two Shifts At Shanghai Plant From May 16

Tesla, Inc (NASDAQ:TSLA) looks to run two shifts at its Shanghai plant from May 16, Reuters reports. The additional shift would enable the EV maker to return factory output to pre-lockdown levels. Tesla aims to churn out 2,600 electric cars from the Shanghai plant per day. Also Read: Tesla Shanghai Workers Forced To…

IHG Hotels & Resorts On Way To Recovery As Travel Booms

InterContinental Hotels Group PLC (NYSE:IHG) IHG Hotels & Resorts said its first-quarter revenue per room neared pre-pandemic levels. Rise in demand for hotel stays in the U.S. spring break has lifted occupancy rates, Reuters reported. Q1 RevPAR, or revenue per available room, was up 61% over the same period in 2021, reaching 82% of the…

Taiwan jets scramble as China air force enters air defence zone

Taiwan's air force scrambled on Friday to warn away 18 Chinese aircraft that entered its air defence zone, Taiwan's defence ministry said, part of what is a regular pattern of incursions that has angered the government in Taipei.

China travel, tourism 'unlikely to improve materially' as coronavirus curbs hit Labour Day holiday

HONG KONG: Travel and tourism spending plunged during China's Labour Day holiday due to coronavirus lockdowns and restrictions rolled out across the country, with the "situation unlikely to improve materially in May", analysts said.

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