Page 32 - Ababa News Today

Alibaba and other Chinese stocks rebounded as investors seized on signs of government support.

Chinese stocks surged on Tuesday amid reports of mooted stimulus plans and a sign that tough draft tech rules could be eased.

As the S&P 500 hits new highs, Chinese stocks are closing in on lows reached more than a decade ago.

Chinese stocks have been falling for years, and in January they have seen their declines accelerate, much to the chagrin of local officials.

HHM Wealth Advisors LLC boosted its holdings in shares of Alibaba Group Holding Limited (NYSE:BABA – Free Report) by 29.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,254 shares of the specialty retailer’s stock after buying an additional […]

The Egyptian leader's words came after Ethiopia said it might recognize breakaway Somaliland to gain access to the sea. Somaliland's independence claim, dating back to 1991, has never been recognized by other nations.

The Chinese central bank holds rates unchanged, an expected move that nevertheless disappoints investors.

Alibaba Group (NYSE:BABA – Free Report) had its target price reduced by Mizuho from $120.00 to $100.00 in a report published on Wednesday morning, MarketBeat reports. They currently have a buy rating on the specialty retailer’s stock. Several other research analysts have also weighed in on the stock. Benchmark lowered their price objective on shares […]

"I want to clarify that they were not officials but former members who ran for MCA seats."

The Egyptian leader's words came after Ethiopia said it might recognize breakaway Somaliland to gain access to the sea. Somaliland's independence claim, dating back to 1991, has never been recognized by other nations.