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Benzinga

Business

Henry Khederian

Why Alibaba, Pinduoduo And Nio Shares Are Rising Today

NIO NYSE

Shares of several Chinese stocks, Alibaba Group Holding Ltd - ADR (NYSE:BABA), Pinduoduo Inc - ADR (NASDAQ:PDD) and Nio Inc - ADR (NYSE:NIO), are all trading higher after the People's Bank of China cut key lending rates.

Per a Wednesday night report from CNBC, China on Thursday cut its one-year loan prime rate by 10 basis points. The home mortgage rate was also cut by 5 basis points. Following the lending rate cuts, shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Thursday, lifting the benchmark Hang Seng Index to its highest level in almost two months... Read More

See Also: What's Next For Microsoft Stock As It Holds Above Key Level?

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Top stories on inkl right now

What the papers say – November 28

What the papers say – November 28

Here are the lead stories making Thursday’s newspapers.

The Independent UK

London Police Say 90 Victims Identified In New Al-Fayed Probe

London Police Say 90 Victims Identified In New Al-Fayed Probe

London's Metropolitan Police confirmed Wednesday that it had opened a new investigation into sexual assault claims against the late Harrods owner Mohamed Al-Fayed, which has so far identified 90 victims.

International Business Times

As delays plague Puerto Rico election certification process, judge issues ruling

As delays plague Puerto Rico election certification process, judge issues ruling

The U.S. territory of Puerto Rico has yet to produce a certified vote tally for a single district almost a month after holding general elections

The Independent UK

Early action to prevent care needs escalating ‘could save £11bn in six years’

Early action to prevent care needs escalating ‘could save £11bn in six years’

Preventing ill health and crisis is a key feature of the Government’s ‘mission-led’ approach to national renewal.

The Independent UK

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Detectives in new plea for information 20 years after doorstep murder of banker

Detectives in new plea for information 20 years after doorstep murder of banker

Alistair Wilson was killed in Nairn, in the Highlands, on November 28, 2004.

The Independent UK

Mohamed Al Fayed may have raped and abused more than 111 women, say police

Mohamed Al Fayed may have raped and abused more than 111 women, say police

Scale of the criminality would make Fayed, who died last year at the age of 94, one of Britain’s most notorious sex offenders

The Guardian - UK

Related Stories

Top stories on inkl right now

What the papers say – November 28

What the papers say – November 28

Here are the lead stories making Thursday’s newspapers.

The Independent UK

London Police Say 90 Victims Identified In New Al-Fayed Probe

London Police Say 90 Victims Identified In New Al-Fayed Probe

London's Metropolitan Police confirmed Wednesday that it had opened a new investigation into sexual assault claims against the late Harrods owner Mohamed Al-Fayed, which has so far identified 90 victims.

International Business Times

As delays plague Puerto Rico election certification process, judge issues ruling

As delays plague Puerto Rico election certification process, judge issues ruling

The U.S. territory of Puerto Rico has yet to produce a certified vote tally for a single district almost a month after holding general elections

The Independent UK

Early action to prevent care needs escalating ‘could save £11bn in six years’

Early action to prevent care needs escalating ‘could save £11bn in six years’

Preventing ill health and crisis is a key feature of the Government’s ‘mission-led’ approach to national renewal.

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Detectives in new plea for information 20 years after doorstep murder of banker

Detectives in new plea for information 20 years after doorstep murder of banker

Alistair Wilson was killed in Nairn, in the Highlands, on November 28, 2004.

The Independent UK

Mohamed Al Fayed may have raped and abused more than 111 women, say police

Mohamed Al Fayed may have raped and abused more than 111 women, say police

Scale of the criminality would make Fayed, who died last year at the age of 94, one of Britain’s most notorious sex offenders

The Guardian - UK

Our Picks

Macy’s Thanksgiving Day Parade kicks off a century after its first trip through Manhattan

A century after the first Macy’s Thanksgiving Day Parade, the annual holiday tradition kicks off Thursday in New York City with new Spider-Man and Minnie Mouse balloons, zoo and pasta-themed floats, performances from Jennifer Hudson and Idina Menzel, and more

The Independent UK

Wicked fans left disappointed by theater chain’s ‘dumb rule’ to enter screening

Other movie theater chains, including Regal and Cinemark, enforce the same rule

The Independent UK

How John Madden Made Turducken An NFL Thanksgiving tradition

Legendary football broadcaster John Madden helped make the turducken an NFL Thanksgiving Day tradition. Here’s how he did it.

How large is Yao Ming’s wine glass, anyways?

Everybody's asking this!

USA Today Sports Media Group

Heartbreaking reaction of the 74-year-old banana seller who sold 35c fruit that became $6 million artwork

A silver duct-taped banana, once sold at a Manhattan fruit stand where bananas are sold for 35 cents each, went for millions at a Sotheby’s auction last week

The Independent UK

40 Uplifting Memes With And About Dogs That May Just Make Your Day Better

Cute memes and jokes featuring cute dogs. The post 40 Uplifting Memes With And About Dogs That May Just Make Your Day Better first appeared on Bored Panda.

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