It's going to take more than the biggest stock slump in world history ... peaked on its first day of trading in Shanghai, the state-owned energy producer has lost about $US800 billion ($1.04 trillion) of market value - a sum large enough to buy every ... ( read original story ...)
Asian markets mixed as market awaits Trump Fed decision
BEIJING — Asian stock markets were mixed Monday as investors waited to find out who U.S. President Donald Trump will pick to head the Federal Reserve. KEEPING SCORE: Tokyo's Nikkei 225 index lost 0.1 per cent to 21,995.15 and the Shanghai Composite Index ... ( read original story ...)
It’s America First for Stock Valuations
China's Shanghai Stock Exchange Composite, however ... and the political stability in Washington looks less than normal. A growing number of market watchers are saying there is more value for stock investors outside the U.S. So far that hasn't weighed ... ( read original story ...)
ICBC, AgBank post better-than-expected Q3 net profit, while smaller rival Bank of China falls well short of estimates
The optimism is backed by an economy that is on a firmer footing and the deleverage drive that is beneficiary to their assets quarter in a longer term Zhao Yarui, analyst at Bank of Communications in Shanghai. The bank also struck a similar tone on ... ( read original story ...)
Chinese agency denies overwork led to young model’s death
The Chinese agency representing a 14-year-old Russian model who died after Shanghai fashion week has denied allegations that she was overworked and exhausted. The death of Vlada Dzyuba in a Chinese hospital on Friday has shone a light on the world of ... ( read original story ...)
Xi Appoints New Leader to Run China’s Biggest Financial Hub
Li Qiang, 58, a one-time top Xi aide, was appointed Communist Party secretary of the eastern financial hub of Shanghai on Sunday, the official Xinhua News Agency said. A day earlier, Li Xi, 61, was named party chief of Guangdong province, the southern ... ( read original story ...)
Shanghai stocks post worst day in 11 weeks on fears of IPO wave
SHANGHAI: Shanghai stocks posted their biggest one-day slide in 11 weeks on Monday, dented by expectations of a new wave of initial public offerings and a further rise in bond yields, signalling tighter liquidity. The Shanghai Composite Index dropped 0.8 ... ( read original story ...)