PDD Surges 18% After Hit App Temu Wrests Shoppers From Shein
PDD Holdings Inc. surged 18% after reporting a stronger-than-anticipated doubling in revenue, as hit shopping app Temu ramped
1970-01-01 08:00
Dollar Weakens, Treasuries Rally on Fed Pivot Bets: Markets Wrap
The dollar weakened and Treasuries extended their November rally on speculation the Federal Reserve is done with interest-rate
1970-01-01 08:00
Analysis-Debt-laden China's local governments scramble to rescue small banks with $21 billion in special bonds
By Ziyi Tang and Ryan Woo BEIJING Local governments in China have sold record amounts of so-called special
1970-01-01 08:00
Chinese-Style Quantitative Easing Emerges as Property Fix Option
China’s deepening property rout is pushing the nation’s central bank toward a style of policy it has long
1970-01-01 08:00
China Lifts Trade Blocks Challenged at WTO Against Lithuania
China has dropped trade measures targeting Lithuania that the Baltic nation deemed illegal as the two governments discuss
1970-01-01 08:00
China Evergrande unit commences legal proceedings against parent
Evergrande Property Services Group said on Tuesday one of its units had commenced legal proceedings against Hengda Real
1970-01-01 08:00
Russia’s Crude Shipments Rebound Ahead of Delayed OPEC+ Meeting
Russia’s weekly seaborne crude exports rebounded before a meeting of OPEC+ oil minsters, which has been delayed by
1970-01-01 08:00
Scholz Says Unforgivable If Budget Shock Halts Germany’s Transformation
German Chancellor Olaf Scholz promised that his government will forge ahead with investments needed to modernize the economy
1970-01-01 08:00
Shanghai Tech Zone Boosts Security Ahead of Reported Xi Visit
Shanghai’s high-tech zone boosted security measures ahead of an expected visit by Chinese President Xi Jinping, even as
1970-01-01 08:00
Philippines Eyes Civilian Sail, More South China Sea Patrols
The Philippines has allowed civilians to sail in the South China Sea and is planning more joint patrols
1970-01-01 08:00
Taiwan Cuts 2023 Growth Outlook to Lowest Since Financial Crisis
Taiwan cut its growth forecast for this year to the slowest pace since the global financial crisis in
1970-01-01 08:00
Meituan Posts Third Straight Profit After Chinese Travel Grew
Meituan recorded a third straight quarter of profit, after strong travel demand helped the food delivery giant defy
1970-01-01 08:00