China’s steel mills are rapidly cranking up output on rising profit margins and hopes that government stimulus will revive consumption, despite an overhang of inventories and a slowdown in global … ( read original story…
FINANCE
Exclusive: Finance, tech firms on hiring spree amid coronavirus turmoil – LinkedIn
The coronavirus is roiling global job markets, but the picture is not all gloomy. Finance, technology and consumer goods firms are hiring tens of thousands in the United States and other countries, … ( read…
Slowing global demand due to coronavirus hits China’s manufacturing sector in April, two sets of data show
The manufacturing data comes as lockdowns and movement restrictions to contain the coronavirus began to ease in China. ( read original story …)
Does China Futex Holdings (HKG:8506) Have A Healthy Balance Sheet?
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ It’s only natural to consider a company’s balance sheet when you examine how risky it is, since debt is often involved when … (…
Bank of China May Absorb Part of $1 Billion in Client Losses
Bank of China Ltd., facing a public outcry and regulatory scrutiny over the collapse of an investment product linked to oil futures, may shoulder part of $1 billion in losses suffered by its retail ……
Easy Come, Easy Go: How China Fortune Financial Group (HKG:290) Shareholders Got Unlucky And Saw 86% Of Their Cash Evaporate
We’re definitely into long term investing, but some companies are simply bad investments over any time frame. We … ( read original story …)
Should You Be Tempted To Sell China Grand Pharmaceutical and Healthcare Holdings Limited (HKG:512) Because Of Its P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll look at China … ( read original story …)
Bank of China asks CME to probe ‘abnormal fluctuations’ in oil futures
Bank of China said on Wednesday it had hired lawyers to formally send a letter to CME Group, urging the U.S. exchange operator to investigate reasons behind “abnormal fluctuations” in crude oil … ( read…
China’s Tesla Rival NIO Turns to State for Financial Lifeline
Investors acquire a 24.1% stake in NIO’s recently established China unit, in return for which NIO China will establish a local headquarters and support the region’s development as an EV production … ( read original…
Bank of China posts 3.2% rise in first-quarter profit amid coronavirus outbreak
SS> , the country’s fourth-largest bank by assets, posted on Wednesday a 3.17% rise in first-quarter net profit amid the coronavirus outbreak. ( read original story …)
Here’s how Luckin Coffee, the ‘poster child’ and ‘dream client’ of Credit Suisse, turned into the bank’s worst nightmare
Before the accounting scandal and the stock crash and the defaulted loans, Luckin Coffee’s billionaire founder Lu Zhengyao was an ideal customer for Credit Suisse Group.”I’ve had I don’t know how many … ( read…
Bank of China Weighs Absorbing Part of $1 Billion Client Losses
Bank of China Ltd., facing a public outcry and regulatory scrutiny over the collapse of a product linked to U.S. crude oil futures, is discussing shouldering part of $1 billion in losses suffered by ……
Beijing city govt to lower COVID-19 emergency response level
Beijing’s municipal government said on Wednesday it will lower its COVID-19 emergency response level effective as of 0000 hours on Thursday, removing quarantine requirements for some people arriving … ( read original story …)
