Yahoo Finance UK’s Pedro Goncalves writes: Spotify’s shares were trading higher ahead of the US market open, following a 5% increase in the previous session, as analysts raised their price target in anticipation of the company’s Q2 earnings report. Guggenheim Securities analyst Michael Morris reaffirmed his “buy” rating on the stock and lifted his 12-month…
Hong Kong’s business and academic circles should step up exchanges with their overseas counterparts to help counter the bias of Western governments against the city and Beijing, a top government adviser has said. Regina Ip Lau Suk-yee, who is the convenor of the key decision-making Executive Council, said on Friday that non-governmental efforts could help…
US individuals are more likely than institutional investors to sell American depositary receipts (ADRs) of Chinese companies if the Trump administration pursues a decoupling of the world’s two biggest stock markets, according to Goldman Sachs. American retail traders held about US$370 billion worth of ADRs, the US investment bank said in a report on Wednesday,…
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. China’s imports, exports cool as US tariffs cast chill over trade China’s export growth slowed in the first two months of 2025 compared to the end of 2024, a…
The year was 1993. Chinese cargo ship Yinhe, sailing across the Indian Ocean, found its GPS equipment jammed, which depended on the US global satellite navigation system. Soon enough, US Navy ships appeared and wanted to search the vessel. Why? Because Washington suspected it was carrying chemical weapon materials for Iran. After a humiliating three-week…
Beijing: China said Thursday it would launch a probe into US exports of chips used in everything from cars to home appliances over concerns about alleged dumping and subsidies. Washington has expanded its efforts in recent years to curb exports of state-of-the-art chips to China, concerned that these can be used to advance Beijing’s military…
China should proactively engage with Donald Trump early in his second presidency, but must be prepared for a “hard bargain” and to “shoot back” if need be, a noted Chinese academic and policy adviser has said. “This is going to be a [US] government that only one person governs, and that is Donald Trump ……
President Xi Jinping has urged Washington to exercise “extreme caution” in handling matters related to Taiwan and avoid fanning “provocative actions” in the South China Sea, according to Beijing’s foreign ministry. The ministry on Sunday released an online statement on the talks between Xi and outgoing US President Joe Biden on the sidelines of the…
China has approved 113 innovative drugs since its 14th five-year plan began in 2021, according to data shared at a forum in Shanghai on the development of the domestic medicine industry. The number of approvals already marked an increase of nearly three times over the previous five-year plan, and had reached a market scale of…