Asia - Spark Newswire

3 minute read

Stock Market Today: Dow Futures Gain, Nasdaq Drops As Trump Signs Bill To End Partial Shutdown—AMD, Super Micro Computer, Eli Lilly In Focus

Today, 6:51 PM

U.S. stock futures were fluctuating on Wednesday following Tuesday’s negative close. Futures of major benchmark indices were mixed.

AMD

1 minute read

China’s Geely Snaps Profit-Decline Streak, Raises Sales View For 2023

By Anan Ashraf

Today, 6:51 PM

Geely Automobile Holdings Ltd (OTCPK: GELYY) (OTCPK: GELYF) on Tuesday reported yearly earnings, snapping four consecutive years of…

GELYF

1 minute read

Nio’s Next-Gen Battery Swap Stations To Go Live Ahead Of Schedule: What You Should Know

By Anan Ashraf

Today, 6:51 PM

Nio Inc‘s (NYSE:NIO) first 10 third-generation battery swap stationsÂ will reportedly go live at the end of this month,…

NIO

2 minute read

Silicon Valley Bank Collapse Might Have Limited Impact On Asia, But Confidence Seems Shaken

By Vandana Singh

Today, 6:51 PM

Some Asian firms have disclosed cash deposits at troubled U.S. lender Silicon Valley Bank (NASDAQ: SIVB), known for its deep ties with the healthcare and tech sector. Most emphasized that the amounts were immaterial to their operations.

BGNE

2 minute read

Will CBDCs Kill Bitcoin Like Fed’s Powell Says? Here’s Why They Might Actually Pump It Up Further

By Jose Rodrigo Safdiye

Today, 6:51 PM

Jerome Powell's recent comments on cryptocurrency have caused a stir, with the Federal Reserve Chair suggesting they could become worthless if the U.S. introduces its own central bank digital currency. How true is this? Let’s break it down.

$BNB

1 minute read

UBS Expects Retail Inflow Of Around $87B Driving Next Leg Of Chinese Stock Rally: Report

By Vandana Singh

Today, 6:51 PM

According to UBS Group AG (NYSE: UBS), China's stock market may see an inflow of around 600 billion yuan ($86.8 billion) of excess savings from the nation's households.

FXI

2 minute read

Their ‘Financials Are Fake’: Short Seller Calls Out Chinese Logistics Firm, Executives For ‘Stealing’

By AJ Fabino

Today, 6:51 PM

U.S.-based short seller Grizzly Research issued a short report Thursday on ZTO Express Inc (NYSE: ZTO), one of the leading players in China’s domestic logistics market.

ZTO