Memo Shows Tesla to Ramp up Production in Shanghai
By Michael Elkins An internal memo obtained by Reuters suggests that Tesla (NASDAQ:TSLA) plans to restore production at its Shanghai Giga plant to pre-lockdown levels by Tuesday, a day later...
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Shanghai News & Analysis
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Tesla plans to ramp up to pre-lockdown output in Shanghai by Tues-memo
SHANGHAI (Reuters) - Tesla (NASDAQ:TSLA) Inc plans to restore production at its Shanghai plant to the level at which it had operated before the city's COVID-19 lockdown by Tuesday, a day...
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Asia starts the week cautiously
Recession concerns keep Asian markets in check Recessionary concerns continue to hold back the buy-the-dippers in Asia today, with Asian stock markets completely ignoring the strong rally by...
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Asian Stocks Down as Uncertain Economic Outlook Remains
By Gina Lee Investing.com – Asia Pacific stocks were mostly down on Monday morning, with investors continuing to assess the economic growth outlook for the world’s largest economies and...
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Shanghai central Jingan district orders all shops shut, residents to stay home to Tuesday
Shanghai is China's biggest city, financial hub, and a key driver of the entire country's economy. Jing'an district is a central key commercial area, its to require all supermarkets and...
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Shanghai reopens some public transport, still on high COVID alert
By Brenda Goh and Martin Quin Pollard SHANGHAI/BEIJING (Reuters) – Shanghai reopened a small part of the world’s longest subway system on Sunday after some lines had been closed for...
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Shanghai district to require all shops to shut, residents to stay home
BEIJING (Reuters) – Shanghai’s central Jingan district, a key commercial area of the Chinese financial hub, said on Saturday it will require all supermarkets and shops to shut and...
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Shanghai inches towards COVID lockdown exit, Beijing plays defence
By Eduardo Baptista and Laura Lin BEIJING/SHANGHAI (Reuters) – Shanghai cautiously pushed ahead on Saturday with plans to restore part of its transport network in a major step towards...
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Shanghai lockdown sees fewer vessel calls… and stores up future problems
Drewry consultants warn that the latest disruption of the global container system will see things worsen for BCOs before a partial improvement. The Chinese lockdowns are hitting a global...
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Drewry: World Container Index Now 24.7% Higher Than Last Year
Drewry’s composite World Container Index decreased marginally by 0.1% to $7,648.18 per 40ft container this week. Our detailed assessment for Thursday, 19 May 2022 1. The composite index...
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Crude Oil Largely Flat; Traders Seeking New Impetus
By Peter Nurse Investing.com -- Oil prices were largely unchanged Friday, on course to end the week basically flat as traders attempt to balance out tentative hopes for the end of Shanghai’s...
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Extreme Volatility: How Long? 5 Key Points This Friday on the Stock Market
By Laura Sánchez Investing.com - Investors are, once again, showing their buy and sell reactions on the stock markets in a scenario of high volatility. The corporate earnings season...
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Shanghai economy hit on all sides in April by COVID lockdown
BEIJING (Reuters) -China's commercial hub of Shanghai reported on Friday a broad decline in its economy last month when a city-wide COVID lockdown shut factories and kept residents at home,...
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Asian Stocks Up, Sentiment Steadies but Chance of Further Volatility Remains
By Gina Lee Investing.com – Asia Pacific stocks were up on Friday morning, with U.S. futures also climbing higher as a measure of calm returned to markets. However, concerns of an economic...
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Shanghai Finds First Covid Cases Outside Quarantine in Six Days
(Bloomberg) -- Shanghai found the first cases of Covid-19 outside of quarantine in six days, raising questions about whether the easing of the city’s lockdown will be impacted. Total...
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Shanghai detects new infections after five days of ‘zero COVID’
By Brenda Goh SHANGHAI/BEIJING (Reuters) – Shanghai reported new COVID-19 cases outside quarantined areas for the first time after five days of no infections, prompting stricter curbs in...
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Some in Shanghai allowed out to shop; end of COVID lockdown in sight
By Brenda Goh SHANGHAI/BEIJING (Reuters) - More Shanghai residents were given the freedom to go out to shop for groceries for the first time in nearly two months on Thursday as authorities...
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More work to resume in Shanghai’s zero-COVID areas from June
SHANGHAI (Reuters) -The COVID-19-hit financial hub of Shanghai will start to allow more businesses in zero-COVID areas to resume normal operations from the beginning of June, a deputy mayor...
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China coronavirus - Shanghai announces plans for further (slow) easing of restrictions
The positives from Shanghai are mounting, albeit slowly. The city's Vice-Mayor announcing: Shanghai port throughput has recovered to around 90% of levels a year ...
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Exclusive: China in talks with automakers on EV subsidy extension - sources
SHANGHAI (Reuters) - China is in talks with automakers about extending costly subsidies for electric vehicles (EV) that were set to expire in 2022, aiming to keep a key market growing as...
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Asian Stocks Up, but Japanese GDP Disappoints
By Gina Lee Investing.com – Asia Pacific stocks were mostly up on Wednesday morning, extending a rally in step with U.S. counterparts. However, Treasuries held most of a slide as investors...
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Watch Out for Powell and Lagarde: 5 Keys to the Stock Market on Tuesday
By Laura Sánchez Investing.com - The markets today will be closely watching statements from Jerome Powell, Chairman of the US Federal Reserve (Fed), and Christine Lagarde, his...
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Asian Stocks Up, but Inflation and China's COVID Outbreaks Remain Concerning
By Gina Lee Investing.com – Asia Pacific stocks were mostly up on Tuesday morning, even as investors continue to evaluate the economic outlook thanks to elevated food and fuel costs, central...
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In Shanghai not a single car was sold last month (Shanghai Automobile Sales Association)
The Wall Street Journal have a recap of the calamitous data from China yesterday ICYMI: China data April Retail sales & Industrial production both plunge The Journal (gated) add a...
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Shanghai reports 77 symptomatic, 746 asymptomatic COVID cases for May 16
SHANGHAI (Reuters) – The Chinese financial hub of Shanghai reported 746 new local asymptomatic coronavirus cases for May 16, down from 869 a day earlier, data released on Tuesday...
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Some factories might leave China, but in the grand scheme of things it doesn't matter much
Businesses have discussed moving factories out of China for years, especially since labor costs have climbed and U.S.-China trade tensions worsened.
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Shanghai says no new coronavirus cases outside quarantine for 3rd day in a row
Reassuring noises coming from Shanghai this morning. Authorities there say there have been no new coronavirus cases outside quarantine for the 3rd day in a row. Yesterday the city...
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China's economy skids as lockdowns hit factories, retailers
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China's retail and factory activity fell sharply in April as wide COVID-19 lockdowns confined workers and consumers to their homes and...
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Tesla Struggling to Restore Shanghai Production to Pre-lockdown Levels - Report
Tesla (NASDAQ:TSLA) will not restore production to pre-lockdown levels in Shanghai yet for at least one more week, according to Reuters. The largest electric vehicle (EV) maker in the world...
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Asian Stocks Down as Chinese Data Disappoints
By Gina Lee Investing.com – Asia Pacific stocks were mostly down on Monday morning, as investors digested the latest, disappointing Chinese data. China’s Shanghai Composite fell 0.57% by...
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Shanghai aims to return to normal life from June 1 – city official
SHANGHAI (Reuters) – Shanghai aims to reopen more broadly and allow normal life to resume in the city from June 1, a city official said on Monday, after declaring that 15 out of the...
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