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?

Ethereum completed long-awaited Merge upgrade

Ethereum completed long-awaited Merge upgrade

Australian firm transforms old farms into lush forests

Australian firm transforms old farms into lush forests

Power outages take toll on South Africa's economy

Power outages take toll on South Africa's economy

Major central banks hike interest rates

Major central banks hike interest rates

Turkish President Erdogan to hold meeting on Mir payment system

Turkish President Erdogan to hold meeting on Mir payment system

US central bank raised benchmark rates by 75 basis points

US central bank raised benchmark rates by 75 basis points

Crude oil, natural gas prices spike amid continued supply fears

Crude oil, natural gas prices spike amid continued supply fears

Share prices surge ahead of key central bank meetings this week

Share prices surge ahead of key central bank meetings this week

China slashes benchmark rates, hikes stimulus to prop up economy

China slashes benchmark rates, hikes stimulus to prop up economy

Global heating rages as nations focus on securing dirty fuel

Global heating rages as nations focus on securing dirty fuel

Turkish start-up provides innovative way to fight food waste

Turkish start-up provides innovative way to fight food waste

Market Movers: US inflation data hurt market optimism

Market Movers: US inflation data hurt market optimism

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