SHANGHAI The new way China fixes the yuan exchange rate "encourages" capital flight and has led to a gradual depreciation of the currency, a former member of the central bank's Monetary Policy Committee said on Tuesday. Yu Yongding wrote in the Shanghai ... ( read original story ...)
Wowo Limited Reports Third Quarter 2016 Unaudited Financial Results
On September 3 rd, 2016, the Company announced that it entered into a strategic cooperation agreement with Shanghai Chunmin Internet Financial Information Service Co., Ltd. (“Chunmin”), to jointly build a supply chain finance company to provide JM Wowo ... ( read original story ...)
China stocks reach a 10-1/2 month high, led by financial and energy shares
SHANGHAI Nov 22 China stocks advanced to a fresh 10-1/2 month high on Tuesday, helped by a strong rally in blue-chips, in particular financial and energy shares, after U.S. exchanges rose. The blue-chip CSI300 index rose 0.8 percent, to 3,468.36 ... ( read original story ...)
China's Fosun builds stake in Portugal's biggest bank
BCP said Fosun paid 175 million euros ($190 million) for 16.7 percent of the bank's capital. Fosun is considering extending its stake to around 30 percent. The Shanghai-based conglomerate owns Club Med and other businesses in Europe, including Portugal's ... ( read original story ...)
Shanghai Industrial : 'Call a chick' fried chicken brand in trouble for obscene name, menu
SHANGHAI'S market watchdog is investigating into a fried chicken eatery chain for using obscene and vulgar name and menu to lure diners, officials said today. The eatery chain "call a chick", which literally also means 'calling a hooker" has 48 outlets ... ( read original story ...)
Turkey's president suggests Russian-led Shanghai bloc for EU alternative
Turkish president Tayyip Erdoğan indicated in a recent interview that he was fed up with waiting for the European Union to accept Turkey as a member state, indicating that he would be willing to consider joining the Russia-led Shanghai Cooperation ... ( read original story ...)
NAB Show Shanghai Expands Offerings
WASHINGTON--(BUSINESS WIRE)--The second annual NAB Show Shanghai will feature enhanced educational programming, including three core conferences, four conference tracks and a new exhibit floor. Produced by the National Association of Broadcasters (NAB ... ( read original story ...)