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China Contemplates Stimulus As Property Giant Country Garden Teeters On Brink Of Default
Tuesday, October 10, 2023 - 9:21am | 701The Chinese government is contemplating an increase in fiscal stimulus, reflecting a desire to recover a portion of the economic growth that has been lost over recent quarters to achieve the annual growth target of 5%. That’s according to Bloomberg, citing sources familiar with the situation...
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China Rallies, Europe Dips: US Market Outlook For Labor Day-Shortened Week
Monday, September 4, 2023 - 1:39pm | 1207While the U.S. markets are closed for the Labor Day holiday, the announcement of stimulus measures in China is ushering in a much-needed relief rally for equities in both the Hong Kong and mainland China markets. Conversely, growing economic concerns in Europe are raising cautionary flags among...
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Chinese Central Bank Vows Mortgage Rate Cuts: Investors Respond With 'Not Enough'
Thursday, August 31, 2023 - 11:17am | 672In a bid to stem the mounting challenges within its real estate sector, China’s central bank, the People’s Bank of China, has launched an array of measures aimed at revitalizing the market and mitigating the cascading negative effects reverberating through both the financial sector and...
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China's Rate Change Causes Market Panic; Big Dive In Hong Kong Stocks
Monday, August 21, 2023 - 10:28am | 715The People’s Bank of China (PBoC) continues to send waves of uncertainty through the market. The central bank executed a 10-basis-point cut to its 1-year loan prime rate (LPR), setting it at an unprecedented low of 3.45%. Interestingly, the PBoC chose to leave the 5-year LPR—the reference...
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China's Central Bank Takes Surprising Step As Economy Falters: Why Americans Should Care
Tuesday, August 15, 2023 - 10:57am | 682The People's Bank of China unexpectedly reduced the one-year medium-term lending facility rates by 15 basis points to 2.5% Tuesday, signaling a proactive stance to support its economy against mounting challenges. The decision comes as China grapples with the dual threats of a deepening property...
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Chinese Equities Fight Back After Deflation Alarm: Investors Await Alibaba's Earnings
Wednesday, August 9, 2023 - 11:46am | 698Chinese stocks trading in the U.S. market exhibited timid signs of a rebound, spurred by the release of overnight economic data that highlighted the presence of deflation in China. Investors are mulling over the potential implications of the economy’s price drops, speculating that it might...
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Bilibili, Baidu, KWEB, JD.com Are Flying High: What's Going On With These Chinese Stocks?
Monday, July 24, 2023 - 1:30pm | 371Shares of several Chinese companies, including Bilibili Inc - ADR (NASDAQ: BILI) and Baidu Inc (NASDAQ: BIDU) are trading higher Monday after China announced a pledge to optimize the business environment for private enterprises ahead of the Politburo meeting later this week. The...
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Xpeng Clocks 5th Sequential Rise In EV Deliveries: What You Need To Know
Saturday, July 1, 2023 - 5:46am | 412Chinese smart electric vehicle (EV) company XPeng Inc. (NYSE:XPEV) has announced a significant increase in vehicle deliveries for June and the second quarter of 2023. What Happened: XPeng delivered 8,620 Smart EVs in June, marking a 15% increase over the previous month, XPeng said in a statement on...
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Why Alibaba's Stock Is Moving Lower Today
Tuesday, June 20, 2023 - 4:51am | 345Alibaba Group Holding Ltd (NYSE:BABA) shares are trading lower in the pre-market session on Tuesday. The stock’s movement comes in the wake of the company’s announcement of a new CEO and the continuation of its restructuring plan. What’s Going On: On Monday, Alibaba announced that...
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'Buy China, Sell AI' Is The Ultimate Contrarian Trade By This Top Wall Street Analyst: Find Out Why
Friday, June 2, 2023 - 4:09pm | 646As investors continue to flock to technology firms on the back of the AI boom, contrarian investors on Wall Street are contemplating the next move to profit on setbacks from the current market euphoria. Michael Hartnett, chief investment strategist at Bank of America, suggested the ultimate...
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Alibaba: Could This Be The Year Of The Dragon
Monday, May 22, 2023 - 3:15pm | 805Though shares have cooled somewhat since the stock's 100% rally in Q1, Alibaba Group Holding Ltd (NYSE: BABA) is at an exciting point in its growth journey. Having endured a brutal two years through last November, their shares have been admirably treading water since then and are now...
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Will Alibaba Give Up Control Of Spinoffs? CFO Stresses 'Important Strategic Decision' For Jack Ma's Empire
Thursday, March 30, 2023 - 5:03am | 425Close on the heels of announcing a corporate reorganization, Alibaba Group Holding Limited's (NYSE: BABA) management provided more clarity on the way forward. What Happened: Jack Ma's Alibaba might cede control of some of its businesses after their initial public...
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'Value Unlocked' For Alibaba Shareholders: Why Analyst Sees Reorganization As 'Huge Move'
Tuesday, March 28, 2023 - 7:34am | 257Alibaba Group Holdings, Inc. (NYSE: BABA) shares have been languishing since late 2021 amid worries concerning regulatory scrutiny, a slowdown in the domestic economy, and U.S. delisting risk. The Jack Ma-founded company announced plans to overhaul its business into six independently-run entities,...
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China's Geely Snaps Profit-Decline Streak, Raises Sales View For 2023
Tuesday, March 21, 2023 - 3:58am | 282Geely Automobile Holdings Ltd (OTCPK: GELYY) (OTCPK: GELYF) on Tuesday reported yearly earnings, snapping four consecutive years of profit decline, owing to better sales. What Happened: Geely Auto posted yearly revenue of RMB147.96 billion ($21.51 billion), a 46% jump year-on-year. Profit...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring, But Not Yet Talking About
Thursday, February 2, 2023 - 4:47pm | 986Investors are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunities. Retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of proprietary data and...