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Several explosions were heard in Bandar Abbas, southern Iran, on the evening of the 9th, local time, according to Iran's Mehr News Agency. (Xinhua)

2026-07-10

Several explosions were heard in Bandar Abbas, southern Iran, on the evening of the 9th, local time, according to Iran's Mehr News Agency. (Xinhua)

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2026-07-09

Federal Reserve's Williams: We are open to discussion about the Fed's communication style.

Federal Reserve's Williams: We are open to discussion about the Fed's communication style.
2026-07-09

HSBC Global Research cut its Hong Kong target price for Alibaba (09988.HK) to HK$166 from HK$172 after lowering its US target to US$170 from US$176, and kept a Buy rating. The bank trimmed its fiscal 2027 adjusted net profit forecast by 3.7% to CNY 9

HSBC Global Research cut its Hong Kong target price for Alibaba (09988.HK) to HK$166 from HK$172 after lowering its US target to US$170 from US$176, and kept a Buy rating. The bank trimmed its fiscal 2027 adjusted net profit forecast by 3.7% to CNY 99.4 bln. For the fiscal first quarter ending June, HSBC expects revenue to rise 8% YoY to CNY 267.9 bln and adjusted net profit to fall 41% YoY to CNY 20.9 bln. HSBC said if Alibaba’s China e‑commerce unit bottoms in Q1, the stock could be re‑rated.
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