The People's Bank of China on Friday conducted 7 billion yuan ($1.02 billion) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping liquidity reasonable and ample ... ( read original story ...)
SIA cargo flight from Singapore to Shanghai diverted to HK after false fire alarm triggered
SINGAPORE, March 25 (The Straits Times/ANN): A Singapore Airlines (SIA) cargo plane from Singapore to Shanghai was diverted to Hong Kong on Friday night after suspicions of a fire in the cabin that ... ( read original story ...)
Deutsche Bank tumbles as nervous investors seek safer shores
Deutsche Bank logo and decreasing stock graph are seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo ... ( read original story ...)
UPDATE 2-China banking regulator says discussed economy with HSBC CEO
Quinn said HSBC would continue to strengthen its business in the Shanghai and would further provide financial support for industry upgrades, according to the post. HSBC did not respond immediately to ... ( read original story ...)
Work starts on Shanghai’s tallest skyscraper in Puxi
Construction began on Friday on a landmark building on Shanghai's North Bund shoreline, destined to be the tallest building on the west bank of the Huangpu River. The 480-meter bu ... ( read original story ...)
Los Angeles tops Shanghai as one of the biggest financial centers in the world
The California city has moved up to number six on the Global Financial Centres Index (GFCI), a list of the world’s top financial centers, topping Shanghai for the first time and moving the Chinese ... ( read original story ...)
Deutsche Bank, UBS hit as bank fears spark stress signals
SHANGHAI (Reuters) -Chinese food delivery giant Meituan posted a bigger-than-expected 21.4% rise in quarterly revenue on Friday as it fended off competition... LONDON (Reuters) -Deutsche Bank shares ... ( read original story ...)