China

Asia-Pacific stocks, Fed, earnings, economic data

CNBC Pro: What a tech fund manager expects from Apple and Alphabet’s earnings this week Microsoft released a disappointing earnings forecast last week, but its stock has since risen. What does this mean for other Big Tech companies that should report earnings? Technology fund manager Jeremy Gleeson, who manages the £1.1 billion ($1.5 billion) AXA …

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Adani China returns from New Year, CSI 300, New Zealand trade

Adani Enterprises advances as group affiliates continue to dive Shares of Adani Enterprises rose 10% after posting steep losses in previous sessions as its chief financial officer expressed confidence in its follow-on public offering which is expected to close on January 1. 31. The title is still down more than 20% in the first month …

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China returns from New Year, CSI 300, New Zealand trade, Fed meeting

Visitors on the central street of Taipa village in Macao, China, on Wednesday January 1. 25, 2023. Tourism and spending are picking up in Macau as the Lunar New Year holiday spurred a surge in visitors after the easing of pandemic travel restrictions between the territory and mainland China. Bloomberg | Bloomberg | Getty Images …

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Asia-Pacific Markets, Trade Data, Bank of Japan

Hyundai posts bumper fourth-quarter earnings Hyundai Motor reported net profit of 1.71 trillion won ($1.4 billion) for the fourth quarter ending in December, marking a 143.8 percent year-on-year increase. Despite the strong results, the reading was still below Refinitiv’s forecast of 2.5 trillion won in net profit. The figure also marks a growth of 21.1% …

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Blizzard China: Millions of players lose access to ‘World of Warcraft’ and other games as it goes dark

hong kong CNN — Millions of players in China have lost access to the iconic “World of Warcraft” franchise and other popular video games, as Blizzard Entertainment’s servers in the country went offline after two decades. The company’s services in China were suspended at midnight local time on Tuesday, marking the end of an era …

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Asia-Pacific markets mostly fall as investors digest Chinese economic data

Goldman Sachs: China’s ‘exit wave’ on reopening weighs on economy China’s “exit wave” in its reopening process has slowed the economy significantly, Goldman Sachs economists said in a report. “The ongoing ‘exit wave’ following China’s faster-than-expected reopening has weighed heavily on economic activity in recent months, due to a surge in infections, a temporary labor …

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Covid has broken supply chains. Now on the mend, will they be able to withstand a new shock?

Minneapolis CNN — The pandemic has dislodged the global supply chain, plunging once smoothly functioning businesses, industries and economies into a state of disarray. After almost three years of fluctuations and extreme extremes, the system is slowly accelerating and synchronizing better: ocean freight times are steadily decreasing, ports are less congested, labor strikes have been …

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Japan wholesale price, bitcoin, China Covid, US inflation

Chinese house prices drop again in December Home prices in China fell 1.5% in December nationwide on an annualized basis, Refinitiv calculations using data from the National Bureau of Statistics showed. House prices fell 0.25% in December on a monthly basis, the same rate of decline seen in November. Existing home prices fell 0.48% from …

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Boeing 737 Max 8 takes off in China for the first time since 2019

CNN — A Boeing 737 Max 8 took off in China on Friday, for the first time since the government grounded the 737 Max 8 planes in 2019, according to flight tracking website, Flightradar24. In March 2019, Chinese aviation authorities ordered the country’s airlines to ground all their Boeing 737 MAX 8s, citing the need …

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Asia-Pacific Shares Generally Higher on Cooler Inflation Impression

China’s December exports fell less than expected China’s exports and imports fell less than expected for December, according to the customs administration. Chinese exports fell 9.9% in December from a year ago, in US dollar terms, slightly better than the 10% drop predicted by a Reuters poll. Imports fell 7.5% in December from a year …

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