Asia - Spark Newswire

2 minute read

China Cuts Bank Reserve Requirements, But Chinese Stocks Drop As Beijing Locks Down Following Latest COVID-19 Outbreak

Today, 1:27 PM

The iShares China Large-Cap ETF (NYSE: FXI) traded lower by another 1.7% on Friday as headlines about COVID-19 lockdowns in Beijing overshadowed China's loosening of bank

BABA

1 minute read

Volkswagen Losing Share In Its Single Biggest Market, China

By Vandana Singh

Today, 1:27 PM

Volkswagen AG (OTC: VWAGY) (OTC: VWAPY) said that despite some sales gains in recent months, it expects its market share in China to be around 16% this year, down from 20% since 2019.

BYDDY

2 minute read

Bill Ackman Reveals Short Position Against Hong Kong Dollar: ‘Only Matter Of Time Before Peg Breaks’

By Bhavik Nair

Today, 1:27 PM

Billionaire investor and founder of Pershing Square Holdings, Ltd. (OTC: PSHZF) Bill Ackman has revealed he has a large notional short position against the Hong Kong dollar saying the

PSHZF

2 minute read

Bill Gates Diversifies His Portfolio With These 2 Blue Chip Dividend Paying Stocks

By Robert Kuczmarski

Today, 1:27 PM

After the Bill & Melinda Gates Foundation was formally established in 1999, it received an endowment estimated at more than $22 billion in early 2000, ranking as the largest philanthropic trust in the United States.

FDX

2 minute read

Alibaba, Nio Stocks Rise: Hang Seng Reflects Caution Ahead Of FOMC Minutes Release

By Bhavik Nair

Today, 1:27 PM

Hong Kong stocks opened in the green on Wednesday, with the benchmark Hang Seng trading marginally higher ahead of the release of the FOMC minutes due later today.

BABA

3 minute read

Jim Cramer Says China’s Vaccines ‘Don’t Work’ But Xi Won’t Admit It

By Adam Eckert

Today, 1:27 PM

COVID-19 cases have spiked again in China, sparking fresh lockdown measures in the nation's capital. Jim Cramer has suggested that Chinese President Xi Jinping isn't telling the whole story.

BNTX

2 minute read

Alibaba, Nio Fall Over 3%: Hang Seng Opens Weaker As Focus Turns To Fed Minutes, China COVID-19 Cases

By Bhavik Nair

Today, 1:27 PM

Hong Kong stocks opened in the red on Tuesday as investors and traders began considering the near-term risks weighing on the market, including the rising COVID-19 cases in China and the Federal Reserve’s minutes scheduled to be released on Wednesd

BABA

2 minute read

Alibaba, Nio Slide Over 3%: Hong Kong Stocks Falter As China COVID-19 Death, Rising Cases Spark Fears

By Bhavik Nair

Today, 1:27 PM

Hong Kong stocks opened lower on Monday, with the benchmark Hang Seng losing over 2.5% in morning trade, as COVID-19 cases continued to rise in China and Beijing’s most populous district extended its stay-at-home requests to residents.

BABA

2 minute read

Russian Miners May Be Able To Sell Crypto As New Mining Bill Reaches State Duma

By Jose Rodrigo Safdiye

Today, 1:27 PM

Legislation regulating crypto mining and sale in Russia has been filed in the State Duma. By Jan. 1, 2023, crypto miners would be able to trade mined digital money on overseas platforms and in Russia under the legislation on experimental digital regimes that have been published on the website of parliament.

BTC

1 minute read

Why This Alibaba Analyst Is Cutting Price Target After Q2 Results

By Bhavik Nair

Today, 1:27 PM

US Tiger Securities analyst Bo Pei reduced his price target on Alibaba Group Holding Ltd (NYSE: BABA) to $110 from $120, while maintaining a ‘Buy’ rating on the stock, after the company implied gross merchandise value (GMV) could

BABA