Shanghai’s once top-rated bar (No. 5 bar on the 2021 Asia’s 50 Best Bar list), Sober Company shocked the city when they closed unexpectedly in June of 2022. ( read original story ...)
Asian Stock Market: Nikkei, Shanghai ignore BoJ concerns amid upbeat China data, policy pivot talks
Market sentiment in the Asia-Pacific region remains firmer, despite mixed closing of the Wall Street benchmarks, amid concerns supporting a sooner end to the rate hike spell at the major central banks. Adding strength to the optimism could be China’s upbeat industrial profits. ( read original story ...)
Even a Russian-cofounded bank can’t fund new projects in the country — and it shows just how financially isolated the country is
Any speculation concerning the discussion of new operations of the NDB in Russia is "unfounded," the bank said in a Wednesday statement. ( read original story ...)
Chinese bank launches CBDC-powered settlement service for bulk commodity spot clearing
In a significant move towards embracing the digital yuan, Industrial Bank, a Fuzhou-based joint-stock commercial bank, has introduced the country’s inaugural central bank digital currency ... ( read original story ...)
Alibaba-backed property brokerage E-House’s debt revamp plan approved by 75 per cent of bondholders
Creditors of E-House (China) have approved a debt restructuring plan, paving the way for the property brokerage and consultancy to finalise a solution on two bond defaults totalling US$600 million. ( read original story ...)
Ant IPO Gets Back To Where It All Began
Although it is not hard to understand the Politburo statement’s focus on boosting the consumption of automobiles, electronic products, and household appliances, “activating” the mainland market is ... ( read original story ...)
BRICS bank NDB says not considering new projects in Russia
The New Development Bank (NDB), the multilateral bank set up by the BRICS states, is not considering new projects in Russia as it operates in line with restrictions imposed in financial and capital ... ( read original story ...)