Shanghai copper was trading up 0.7 percent at 51,090 yuan a ... For the top stories in metals and other news, click or MARKETS NEWS * Asian shares and U.S. stock futures slipped while U.S. Treasuries, gold and the safe-haven yen rose in early Asian trading ... ( read original story ...)
Report: Peoples Bank of China Expected to Regulate P2P Lenders, Payment Firms
As mobile internet penetration has become commonplace, so has digital financial service providers. A manager from the Bank of Shanghai said it is commonly believed that peer to peer lending almost is equivalent to the lending from traditional banks. ( read original story ...)
Geopolitical tensions back in the spotlight as Asian shares digest China inflation data; Nikkei down 1.3%
Mainland markets were mixed: the Shanghai Composite slipped 0.21 percent while the Shenzhen ... The joint venture aims to process customer data at the Japanese bank in order to improve services, Nikkei Asian Review reported. SMFG shares were down 1.1 ... ( read original story ...)
Stocks Fall on Korea Tensions as Haven Assets Rise: Markets Wrap
“The market is realizing that economies are doing well enough for both the Fed and the ECB to remove stimulus,” Ken Peng, a Hong Kong-based investment strategist at Citi Private Bank, said ... 0.7 percent and China’s Shanghai Composite Index ... ( read original story ...)
Good samaritans help man pick up bank notes blown away in wind
A security camera video from China showing good samaritans helping a man to pick up hundreds of bank notes which blew away in a gust of wind. The clip was filmed in Shanghai on August 2. ( read original story ...)
China’s yuan hits 10-month high, tops key 6.7 level on firmer midpoint, FX reserves
SHANGHAI: China's yuan strengthened to a 10-month high against the dollar on Tuesday, breaching a key psychological level, after the central bank set a firmer guidance rate and data showed a larger-than-expected increase in the country's foreign exchange ... ( read original story ...)
Asian stocks lower as US, NKorea nuclear tensions rise
The Shanghai Composite Index lost 0.2 percent to 3,273.71 and ... FED WATCH: Investors looked ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of New York, for signs of the Fed's outlook on the economy. ( read original story ...)