China
Chinese stocks may start exiting the U.S. in two years, warns Asian Corporate Governance Association
The delisting of U.S.-listed Chinese stocks may come in the next two to three years, according to Jamie Allen of the Asian Corporate Governance Association. “There doesn’t seem to be a huge incentive … for China to compromise, nor does the U.S. seem to want to compromise,” the secretary general at the non-profit organization told […]
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Nike trimmed sales declines in this key region, and analysts see it as a bullish sign
Wall Street analysts paid close attention to Nike’s geographic sales breakdown in the company’s third-quarter report. Source
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China crash is ‘unprecedented’ given Boeing 737’s stellar safety record, says aviation analyst
For an aircraft like China Eastern’s Boeing 737-800 to crash in midflight is “simply unprecedented,” said one aviation analyst who cited the plane’s excellent safety record. “Air travel is the safest form of transport. But when we do suffer incidents or accidents, we don’t see anything like what we have seen in China over the […]
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Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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General Motors is creating an import business to send certain iconic vehicles to China
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles” from the U.S. The […]
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Apple supplier Foxconn resumes normal operations after Covid disruption
Foxconn, a major Apple supplier, has “basically” resumed normal operations in Shenzhen, China after an uptick in Covid cases in the area caused it to pause production last week, according to Reuters. Foxconn said on Wednesday it had partially resumed production in Shenzhen by implementing a “closed loop” system with employees who live on the […]
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Stocks making the biggest moves premarket: Boeing, Anaplan, Nielsen Holdings and more
Check out the companies making headlines before the bell: Boeing (BA) – A Boeing 737-800 jet operated by China Eastern Airlines crashed in the mountains of southern China with 132 people aboard, with no immediate word on casualties. Boeing shares sank 5.8% in the premarket. Anaplan (PLAN) – Anaplan agreed to be bought out by […]
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Wall Street is on watch for Nike comments on China, Russia and supply chain woes
Shoes line the shelves at the Nike store on December 21, 2021 in Miami Beach, Florida. Joe Raedle | Getty Images Nike’s post-earnings comments Monday could be a harbinger of how the retail industry is being affected by the war in Ukraine, sky-high oil prices and inflationary pressures that threaten to curtail consumer spending. The […]
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A China Eastern Airlines Boeing 737 has crashed with 132 people on board, Chinese aviation authority says
GUANGZHOU, GUANGDONG, CHINA – 2019/10/03: Logo of China Eastern Airlines seen on a Boeing 737-800 in Guangzhou Baiyun International Airport. Sopa Images | Lightrocket | Getty Images China’s aviation authority has confirmed that a China Eastern Airlines Boeing 737 passenger plane has crashed, with 132 people on board, including 123 passengers and 9 crew members. […]
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Benchmark nickel price falls 15% to hit new limit down on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange Ltd. in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — Nickel prices resumed their freefall on Monday, with the benchmark three-month contract falling 15% to hit another new […]
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