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UPS (UPS.N) CFO: Customs refunds will be returned to customers.

2026-04-28

UPS (UPS.N) CFO: Customs refunds will be returned to customers.

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2026-04-28

Foreign-exchange losses from yuan conversions are increasingly pressing Chinese corporate profits, highlighting currency strength as a new earnings risk. Goldman Sachs said Eoptolink Technology’s Q1 profit missed expectations due largely to FX losses

Foreign-exchange losses from yuan conversions are increasingly pressing Chinese corporate profits, highlighting currency strength as a new earnings risk. Goldman Sachs said Eoptolink Technology’s Q1 profit missed expectations due largely to FX losses, while Citigroup attributed Sungrow Power Supply’s Earnings decline to a 400 million yuan ($58.6 million) foreign-exchange loss. Chanson & Co.’s Shen Meng said geopolitical conflicts may trigger short-term exchange rate volatility, affecting businesses, though long-term impact may be limited, with uncertainty over the conflict’s duration remaining a key concern.
2026-04-28

MOST ACTIVE SHANGHAI WIRE ROD CONTRACT RISES MORE THAN 4% TO 3,396 YUAN/METRIC TON

MOST ACTIVE SHANGHAI WIRE ROD CONTRACT RISES MORE THAN 4% TO 3,396 YUAN/METRIC TON
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