Page 4 - Shanghai

Shanghai kicks off new round of mass Covid testing, Beijing cases jump

China's commercial hub of Shanghai began a round of mass Covid-19 testing for nearly all of its 25 million residents hile Beijing reported a spike in cases

Aluminium prices hit near 6-month low on China lockdowns, growth fears

Three-month aluminium on the London Metal Exchange (LME) slid 2.8% to $2,685 a tonne by 1400 GMT after touching the lowest since December last year

As FDI gets pricey, China rushes to calm frustrated foreign investors

In recent weeks, Chinese leaders, while denying that there is an exodus of foreign firms, are putting more emphasis on the concerns of foreign investors and have pledged to support them

Why is Ludhiana's apparel industry staring at losses?

Ludhiana's apparel industry, which churns out most of the country's readymade garments, is losing revenue. Two months of lockdown in China's Shanghai has brought the industry on its knees.

Shanghai to lock down 8 districts, test millions as Covid cases rise again

There were 5 other infections found among people already in quarantine on Thursday, for a total of 11 cases in the financial hub. Nationwide, China added 73 infections

China: Shanghai locks down parts of city again as Covid fears return

The mini-lockdown is raising concerns that the city's reopening is backsliding as officials fear a rebound in cases.

Oil sticks near three-month highs despite new Covid lockdowns in Shanghai

Brent crude futures for August dipped 9 cents to $123.49 a barrel at 0853 GMT, while US West Texas Intermediate crude for July was at $121.89 a barrel, down 22 cents.

Top headlines: Credit cards to be linked to UPI, rate hike to push up costs

The Reserve Bank of India (RBI) on Wednesday allowed linking of credit cards to Unified Payments Interface (UPI)

Shanghai setback leaves Ludhiana's apparel industry staring at losses

Repeated supply shocks have brought the Rs 20,000-cr textile hub to its knees

After lockdown, Shanghai tries to mend fences with foreign firms

The image of China's most cosmopolitan city and its biggest business hub was badly damaged by the two-month lockdown

China reports 21 fresh cases of Covid; 5 each in Beijing and Shanghai

China reported 21 locally transmitted confirmed Covd-19 cases, including 11 in Inner Mongolia Autonomous Region and five each in Beijing and Shanghai in the past 24 hours

China reports 20 fresh local cases of Covid, 8 infections in Shanghai

The Chinese mainland reported 20 locally transmitted confirmed Covid-19 cases, including eight each in Beijing and Shanghai in the past 24 hours

Meituan beats slowdown with $6.9-billion sales, revenue rises 25%

Sales rose to 46.3 billion yuan ($6.9 billion) in the three months ended March

China: In Shanghai, lockdown blues make way for Covid testing gripes

Long queues amid early summer heat at testing sites became a common sight on Wednesday and Thursday, with some people saying they queued for two hours

Oil prices strengthen on EU's Russian oil ban, end of Shanghai lockdown

Brent crude was up $1.83, or 1.6%, at $117.46 a barrel as of 11:56 a.m. EDT (1556 GMT). U.S. West Texas Intermediate crude gained $1.77, or 1.6%, to $116.45.

Shanghai returns to normalcy as Covid lockdown eases after two months

Shanghai's Communist Party committee, the city's most powerful political body, issued a letter online proclaiming the lockdown's success and thanking citizens for their support and contributions

Oil prices firm up as EU agrees to Russian energy ban, China ends lockdown

Brent crude was up $1.71, or 1.5%, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5%, to $116.34.

Shanghai starts coming back to life as Covid lockdown eases after 2 months

Shanghai residents visited the waterfront Bund and ate and drank along streets patrolled by police early on Wednesday as people in China's largest city savoured the easing of its severe Covid lockdown

Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown

Oil prices rose in early Asian trade today after EU leaders agreed to a partial and phased ban on Russian oil and China ended its Covid-19 lockdown in Shanghai

Shanghai to fully restore normal production, living order from Wednesday

Shopping malls, supermarkets, convenience stores, pharmacies and other commercial outlets will resume offline business from Wednesday, with the total visitor flow capped at 75% of the maximum capacity