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  • Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates

    Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates0

    Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential” in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from a previous 6.5 billion euros. The bank’s shares

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  • Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited

    Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited0

    The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, while broader Asian currencies were flat as focus turned to key U.S. payrolls data for more cues on the economy. The yuan was among the best performers for the day,

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  • Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results

    Chinese Tech Stocks Rise, Tencent Surges On Strong FY Results0

    Major Chinese technology stocks rose on Thursday, with shares of Tencent up sharply after the internet giant logged stronger-than-expected annual earnings, while less hawkish signals from the Federal Reserve also aided sentiment. Tencent Holdings Ltd (HK:0700) rose over 6% to HK$368.40 a share, and was set for its best day since early-March, as easing COVID

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  • Chinese Stocks Surge After Week-Long Holiday

    Chinese Stocks Surge After Week-Long Holiday0

    Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government to boost spending and support economic growth also aided sentiment. The Shanghai Shenzhen CSI 300 index rose 1.3%, while the Shanghai Composite index added 0.6%, with most sectors trading positively. Automobile and

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  • China’s Dec Home Prices fall, More Supportive Policies Likely

    China’s Dec Home Prices fall, More Supportive Policies Likely0

    China’s new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook. New home prices dropped both in monthly and annual terms, with continued weak demand a constraint to a

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  • China Q4 GDP Slows on COVID Woes, But Beats Expectations

    China Q4 GDP Slows on COVID Woes, But Beats Expectations0

    The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months

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