China lifts weeks-long lockdown on southwest megacity Chengdu

BEIJING: Millions of people in the Chinese megacity of Chengdu emerged Monday from a Covid-19 lockdown that had closed schools, disrupted businesses and forced residents to stay home for over two weeks. With a population 21 million, southwest China’s Cheng is the largest Chinese city to shut down since global finance hub Shanghaidu a strict … Read more

Kevin O’Leary says it’s ‘crazy’ not to invest in Chinese stocks

Avoiding the Chinese market is “crazy” and “makes no sense whatsoever” in light of how cheap Chinese stocks are right now, said Kevin O’Leary of O’Shares Investments. According to him, that’s thanks to these factors: the projected size of China’s economic growth; a foreseeable end to regulatory disputes with the United States; and the interdependency … Read more

Typhoon Muifa strengthens, heads for Shanghai on China coast

BEIJING: A major typhoon gathered strength on Wednesday as it headed over open water toward the Chinese metropolis of Shanghai. Heavy rain was reported in the city of more than 20 million people as Typhoon Muifa delivered in the evening. The Hong Kong Observatory classified it as a severe typhoon with maximum sustained winds of … Read more

Best hotels for business travelers in Asia-Pacific

Business travelers are on the road again. So there’s no better time for CNBC Travel to name the best hotels for business travel across Asia-Pacific. CNBC joined with the market and consumer data firm Statista to produce rankings of the “Best Hotels for Business Travelers.” A second list of rankings for hotels in Europe and … Read more

Chinese tech giants post worst growth on record due to zero Covid

Chinese technology giants including Alibaba have seen slower-to-no-growth as China’s economy faces as a result of Beijing’s zero-Covid policy. Qilai Shen | Bloomberg | Getty Images Chinese technology giants are coming off the back of their worst quarter of growth in history as a big slowdown in the world’s second-largest economy, stocked by Beijing’s strict … Read more

Shanghai’s Bund to go dark as China heatwave prompts power cuts

SHANGHAI: Shanghai will switch off decorative lights along its famed Bund riverfront for two days from Monday, city authorities said, in response to a nationwide heatwave that has sent power demands soaring. Multiple provinces have announced power cuts to cope with a surge in demand, driven partly by people cranking up the air conditioning to … Read more

Shanghai, China: Ikea shoppers rush for the exits as store goes into Covid lockdown

Multiple videos on social media showed customers yelling and pushing each other in an attempt to escape the building before the doors closed. In a Sunday press briefing, Zhao Dandan, deputy director of the Shanghai Health Commission, said the “store and affected area” would be under “closed loop” management for two days. People inside the … Read more

Four dead in China flash flood

BEIJING: Four people were killed and nine others injured in a flash flood in southwest China on Saturday, local authorities said. Footage published by Chinese media showed water rising rapidly in a river on the outskirts of Sichuan province’s Pengzhou city. Tourists who had been playing in the initially shallow water could be seen running … Read more

Japan’s Nikkei 225 up more than 2%

SINGAPORE — Japan stocks surged on return to trade, while shares in the Asia-Pacific were mixed on Friday following strong gains in the previous session as investors digested the US inflation report. The Nikkei 225 jumped 2.62% to 28,546.98, while the Topix index rose 2.04% to 1,973.18. Japanese markets were closed Thursday for a holiday. … Read more

U.S. inflation CPI report, Wall Street, currencies

SINGAPORE — Asia-Pacific markets climbed on Thursday after a better-than-expected inflation report in the US felt stocks spiraling higher. Australia’s S&P/ASX 200 rose 0.65%. The Kospi in South Korea was 1.17% higher and the Kosdaq jumped 1.6%. MSCI’s broadest index of Asia-Pacific shares outside of Japan increased by 0.42%. Japan’s market is closed for holiday … Read more