BEIJING (Reuters) - Silicon Valley Bank's Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, ... ( read original story ...)
China Life Profit Rises as Stock Market Recovery Lifts Investment Returns
(Bloomberg) — China Life Insurance Co. Ltd., the nation’s largest life insurer by market share, said profit rose 11% in the first half as an improving stock market boosted investment returns. ( read original story ...)
Smoke ‘within your limits’ in Shanghai
By 2030, Shanghai aims to bring the passive smoke exposure rate to below 36 percent for adult nonsmokers and below 10 percent for minors. The figure for adult nonsmokers exposed to passive smoking was ... ( read original story ...)
How many Jusuf Nurkic’s would it take to equal the height and weight of Shanghai’s Oriental Pearl Tower?
Jusuf Nurkic? He’s in China with the GM and CEO. Yep, Nurkic — who has been looking slimmer in recent social media posts — took a selfie while on the Huangpu River in China’s most populous city, ... ( read original story ...)
United Airlines Is First U.S. Carrier to Bring Back LAX-Shanghai Flights
As Western carriers continue to pull out of China due to capacity restrictions and the closure of Russian airspace, United relaunched its nonstop service from Los Angeles to Shanghai. United Airlines ... ( read original story ...)
China’s top banks post lower second quarter profit as property sector weighs
Four of China's five largest lenders reported a lower second-quarter profit this week after responding to a government nudge to lower lending rates in order to stimulate weak loan demand amid a ... ( read original story ...)
Stock Market News Today, 8/30/24 – Futures Higher Ahead of Key Inflation Data
U.S. futures inched higher on Friday morning as investors looked forward to the release of U.S. Personal Consumption Expenditures (PCE) data, ... ( read original story ...)