Goldman Sachs says that it cut its oil forecast by $10 due to some macroeconomic factors regarding China and Russia. Goldman Sachs recently cut back on its oil forecast for the fourth quarter of 2022 ...
Tag: China
Tesla stock at two-year low, other EV-maker stocks tank as concerns swirl about China, oil futures
Tesla Inc. TSLA, -6.84% shares and shares of other electric-vehicle makers underperformed the broader market in midday trading Monday, as worries about China’s COVID lockdowns were back to the f...
China Equities Lower As Dynamic Zero COVID Is Tested
China Last Night KraneShares Key News Asian equities were mixed overnight as China markets lagged the rest of the continent as an area near Beijing was shut down partially. China’s dynamic COVID polic...
Taiwan Billionaire Family Banker Worried But Not Scared About Strained Ties With Mainland China
Union Bank of Taiwan is among the businesses led by the billionaire family of Lin Chang Su-O. Union Bank of Taiwan Though headquartered in one of the world’s busiest high-tech hubs, Taiwan’s largest f...
China property stocks surged amid warnings of weak reality, high expectations
China’s housing prices fell in October due primarily to falling prices in less developed, so-called Tier-3 cities, according to Goldman Sachs analysis of official data. Future Publishing | Futur...
Nickel Products Supplier To EV Industry Poised To Become China’s Newest Billionaire
Nickel ore trader Lygend aims to list its shares at the Hong Kong Stock Exchange on Dec. 1. … [+] Photographer: Paul Yeung/Bloomberg © 2022 Bloomberg Finance LP Lygend Resources & Technology...
Stocks Set for Mixed Open Amid Focus on Fed, China: Markets Wrap
(Bloomberg) — Asian stocks were poised for a mixed open Monday after small gains on Wall Street Friday as investors continue to focus on the outlook for interest rates. Most Read from Bloomberg ...
China Stocks to Jump on Reopening and Property: Hao Hong
(Bloomberg) — China will reopen from its Covid Zero lockdowns gradually and its property sector will recover slowly with policy support, helping propel the country’s benchmark stock index by 13%...
Here’s What Lies Ahead For Ukraine’s “Teenage Democracy”
KYIV, UKRAINE – 2022/11/11: People hold a banner that says “Kherson is Ukraine” celebrating the … [+] liberation of Kherson from Russian occupiers in central Kyiv. Ukrainian ar...
The U.S. Navy Is About To Pack A Dozen Hypersonic Missiles Apiece Into Its New Stealth Destroyers
From left, the Chilean navy frigate CNS ‘Almirante Lynch.’ the Indian navy guided-missile frigate INS ‘Satpura’ and the ‘Zumwalt’-class destroyer USS ‘Michael...
Taiwan Banks Cut Loans In China Amid Slow Mainland Economic Growth, Military Tension
Fubon Financial Holding is among the Taiwan financial institutions with mainland China business. Photographer: Maurice Tsai/Bloomberg News Taiwan banking industry loans to mainland China dropped by 16...
Wall Street’s Chorus of Buy China Calls Is Getting Louder
(Bloomberg) — A bullish consensus for Chinese shares is emerging on Wall Street, with new-found optimism around President Xi Jinping’s policy pivots and November’s epic stock rebound prompting s...
Oil Rout Intensifies As China Cuts Oil Purchases
The selloff in oil continued on Friday, with WTI prices falling more than 5% as China reportedly asked the Saudis to ship less crude in December. Oilprice Alert: This week’s Global Energy Alert ...
Alibaba Gets a Price Target Cut After Strong Earnings
Text size Benchmark analyst Fawne Jiang maintained her Buy rating on Alibaba despite cutting her price target. AFP via Getty Images Alibaba Group Holding stock popped on Thursday, prompting an analyst...
Mercedes Draws a Secret Weapon Against Tesla
Mercedes-Benz knows it has to act fast, if the legacy carmaker doesn’t want to be knocked out of the crucial electric vehicle market. The German brand is battling Tesla (TSLA) – Get Free ...
Chinese Tech Giants Struggling [Infographic]
Stock market losses of U.S. tech companies have made headlines recently as the likes of Meta, AmazonAMZN or Alphabet wiped out billions in just a few days at the end of October. But the tech rout is n...
JD Beats, Hong Kong Tech Concludes Strong Week, Week In Review
China Last Night KraneShares Week in Review Asian equities were mixed this week while Hong Kong-listed internet and real estate stocks outperformed. President Biden met with President Xi on the sideli...
Foot Locker, JD.com, Gap and others
Check out the companies making headlines before the bell: Foot Locker (FL) – Foot Locker shares soared 14% in the premarket after beating top and bottom line estimates for its latest quarter. The appa...
Alibaba says 15% of China delivery areas disrupted during Singles Day
Alibaba broke tradition by not releasing total sales for its Singles’ Day shopping festival this year. Pictured here are advertisements for the festival in a Shanghai subway station on Nov. 10, ...
Farfetch Q3 Hit by Russia Exit, China Lockdowns
Farfetch is everywhere in luxury, not just serving as the digital platform for boutiques, but also signing deals with Compagnie Financière Richemont to eventually gain control of Yoox Net-a-porter and...
PCAOB’s Finish Line, Dynamic Zero Reiterated, Alibaba & NetEase Report
China Last Night KraneShares Alibaba & NetEase Q3 Earnings Overview Alibaba (BABA US, 9998 HK) reported before the US market open this morning. Zero COVID policy continued to weigh on domestic con...
Asian Stocks Mostly Down as China Tech Sold Off: Markets Wrap
(Bloomberg) — Stocks in Asia are mostly under pressure as a tech-led selloff in Chinese shares intensified. The dollar rose to the level where it began the week. Most Read from Bloomberg The MSC...
The Essential Dick Ebersol’s Excellent ‘From Saturday Night to Sunday Night’
On November 30, 1974 I attended my first college football game. It was Notre Dame vs. USC at the Los Angeles Coliseum. Notre Dame was up 24-6 early, only for USC to storm back and crush the Fighting I...
Tencent’s Q3 Largely Beats While Gifting Meituan Shares To Shareholders
China Last Night KraneShares Key News Asian equity markets posted small losses except for India which managed a small gain. The Asia dollar posted a loss of -0.23% versus the US dollar breaking a four...
JD Tech Revives IPO Plans as China Eases Regulatory Crackdown
By permitting companies to seek targeted growth, the expectation is that the economy will become more functional and that it may attract other global players to its shores. JD Tech, the technology off...
The Block: Nouriel Roubini outlines the 10 forces that can cripple the economy: Part 1
Episode 113 of Season 4 of The Scoop was recorded live with The Block’s Frank Chaparro and Roubini Macro Associates Chairman and CEO, Nouriel Roubini. Listen below, and subscribe to The Sc...
China Isn’t Out Of The Economic Woods, Just Ask Japan And South Korea
An epidemic control worker wearing protective equipment watches over a line of people waiting to be tested to for Covid-19. Kevin Frayer/Getty Images In all the market euphoria over recent policy move...
What’s Stopping Companies from Pulling Supply Chains Out of China
Text size Despite the trade war and Covid-19 lockdowns, China accounts for 35% of total U.S. containerized imports. Mario Tama/Getty Images About the authors: Christopher S. Tang is a University Disti...