Money Talks

China's industrial profit falls sharply in April amid Covid curbs

China's industrial profit fell sharply in April, shrinking 8.5% from a year earlier. That is the worst drop since March 2020 and comes as high raw material prices and supply chain chaos squeeze margins and disrupt factor activity. Despite this, stocks are bouncing in Asia this morning. Hong Kong's Hang Seng is up 2.3%, as Alibaba's shares alone surged 13%. Chinese Shanghai Composite is also higher this morning, following an unprecedented nationwide meeting via teleconference held by Chinese authorities in a bid to bolster an economy battered by Covid. For more on the story, we spoke to Victoria Scholar, who is head of investments at Interactive Investor in London. #China #ChinaIndustry #ChinaEconomy

Money Talks: Alibaba to sell cars in China with car vending machine

Money Talks: Alibaba to sell cars in China with car vending machine

Alibaba expands operations despite tech crackdown in China | Money Talks

Alibaba expands operations despite tech crackdown in China | Money Talks

Jack Ma to step down as Alibaba chairman | Money Talks

Jack Ma to step down as Alibaba chairman | Money Talks

The Dow hits another record. What does it mean for you?

The Dow hits another record. What does it mean for you?

Russia defaults on foreign debt for the first time since 1917

Russia defaults on foreign debt for the first time since 1917

Eco-conscious tourists drawn to glamorous camping

Eco-conscious tourists drawn to glamorous camping

Türkiye and Saudi Arabia look to boost bilateral trade, investment

Türkiye and Saudi Arabia look to boost bilateral trade, investment

Sri Lanka struggling with shortages of food, fuel and medicine

Sri Lanka struggling with shortages of food, fuel and medicine

EU steps up efforts to cut dependence on Russian energy

EU steps up efforts to cut dependence on Russian energy

Layoffs and hiring freezes prevail among big tech giants

Layoffs and hiring freezes prevail among big tech giants

Worst drought in 70 years threatens Northern Italy's food, power

Worst drought in 70 years threatens Northern Italy's food, power

Chinese president promises more stimulus as GDP growth slows

Chinese president promises more stimulus as GDP growth slows

Sri Lanka introduces lockdown to save fuels

Sri Lanka introduces lockdown to save fuels

White House calling on oil firms to raise output to boost supply

White House calling on oil firms to raise output to boost supply

Saudi Arabia, Egypt sign 14 economic deals worth $7.7B

Saudi Arabia, Egypt sign 14 economic deals worth $7.7B

Goldman Sachs warns US economic recession now more likely

Goldman Sachs warns US economic recession now more likely

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