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    • China will strive for economic growth in second quarter, premier says

      • BY Reuters|
      • Asia-Pacific , China |
      • 10:17 AM ET 05/25/2022

      China will strive to achieve reasonable economic growth in the second quarter and stem rising unemployment, official Xinhua news agency quoted Premier Li Keqiang as saying on Wednesday. The cabinet announced a package of policy steps earlier this week, including broader tax credit rebates and postponing social security payments and loan repayments to support the economy.

    • Jowell Global Ltd. Announces First Quarter 2022 Unaudited Financial Results

      • BY GlobeNewswire|
      • Asia-Pacific , China |
      • 08:00 AM ET 05/25/2022

      -- First Quarter Revenue of $45.1 million, up 59.1% year-over-year ---- First Quarter GMV of $70.3 million, up 100.3% year-over-year -- Shanghai, China, May 25, 2022 -- Jowell Global Ltd. (JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, today announced its unaudited financial results for the first quarter ended March 31, 2022.

    • METALS-Growth worries push copper prices lower

      • BY Reuters|
      • Asia-Pacific , China |
      • 07:49 AM ET 05/25/2022

      Prices of copper and most other industrial metals fell on Wednesday on concerns that slowing economic growth and COVID-19 lockdowns in top consumer China would depress demand. Benchmark copper on the London Metal Exchange was down 1.5% at $9,310 a tonne at 1128 GMT.

    • China will strive for reasonable economic growth in Q2 - premier

      • BY Reuters|
      • Asia-Pacific , China |
      • 07:06 AM ET 05/25/2022

      China will strive to achieve reasonable economic growth in the second quarter, state media quoted Premier Li Keqiang as saying on Wednesday. China will also strive to bring down its jobless rate as soon as possible, Li was quoted as saying at a meeting. China will unveil detailed implementation guidelines for a package of policies to stabilise growth by the end of May, Li added.

    • Beijing says U.S.-backed Asia plan seeks to 'decouple' countries from China

      • BY Reuters|
      • Asia-Pacific , China |
      • 05:10 AM ET 05/25/2022

      China's foreign ministry said on Wednesday a U.S.-backed economic plan for Asia seeks to decouple countries from the Chinese economy, but many countries are worried about the "huge cost" of doing so. Speaking at a regular press briefing, ministry spokesman Wang Wenbin said the Indo Pacific Economic Framework for Prosperity serves U.S. interests and seeks to exclude other countries.

    • Philippine court orders compensation for victims of 1993 mining disaster

      • BY Reuters|
      • Asia-Pacific , Philippines |
      • 02:57 AM ET 05/25/2022

      A Philippine court has ordered a mining company to pay damages to 30 people for negligence in a 1993 dam burst that was one of the country's worst mining disasters, a verdict cheered on Wednesday by environmentalists and the industry.

    • GLOBAL MARKETS-Asia stocks up but investors worry about rate hikes, China lockdowns

      • BY Reuters|
      • Asia-Pacific , China |
      • 01:15 AM ET 05/25/2022

      Asia stocks rose on Wednesday even as central banks piled into aggressive rate hikes to battle soaring inflation and left investors worried about slower global growth.

    • Why Alibaba, Nio And Other Stocks Are Sliding In Hong Kong Today

      • BY Benzinga|
      • Asia-Pacific , Hong Kong |
      • 12:01 AM ET 05/25/2022

      Shares of U.S.-listed Chinese firms traded significantly lower in Hong Kong on Wednesday morning, with major tech names like Alibaba Group Holding , JD.com Inc , Baidu Inc , and Tencent Holdings in the red. Among electric vehicle makers, NIO Inc and Li Auto Inc traded on a muted note, while Xpeng Inc gained about 1.27% after a lower start.

    • New Zealand raises cash rate 50 bps, signals a lot more to come

      • BY Reuters|
      • Asia-Pacific , New Zealand |
      • 10:45 PM ET 05/24/2022

      New Zealand's central bank delivered its fifth straight interest rate hike on Wednesday and signalled a much more aggressive tightening path as authorities seek to reduce the second-round effects of runaway inflation. The Reserve Bank of New Zealand raised on Wednesday the official cash rate by 50 basis points to 2.0%, a level not seen since November 2016.

    • GLOBAL MARKETS-Asian stocks shrug off Wall St weakness but growth concerns remain

      • BY Reuters|
      • Asia-Pacific |
      • 09:59 PM ET 05/24/2022

      Asia stocks opened mostly in positive territory on Wednesday even as global growth concerns and weak U.S. economic data weighed on Wall Street overnight.

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    News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

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