China raises short-term rates on first day after long holiday * Shanghai rebar falls 6.8 pct, Dalian iron ore down 5.4 pct By Manolo Serapio Jr MANILA, Feb 3 Chinese steel and iron ore futures tumbled on Friday after the country's central bank unexpectedly ... ( read original story ...)
The week in finance: US banks jump on deregulation, China tightens and RBA to hold
The banking sector drove the S&P 500 up 0.7 per cent to just ... while rebar steel futures in Shanghai were down almost 7 per cent on Friday. The weaker futures market could well drag down Chinese spot-prices, which haven not resumed trading yet, although ... ( read original story ...)
China will keep monetary policy prudent and stable: central bank official
SHANGHAI China will keep monetary policy generally prudent and stable, while also avoiding either a rapid slowdown in economic growth or excessive liquidity injections, the central bank assistant governor wrote on Friday. The comments from the People's ... ( read original story ...)
Shanghai Metal Announces High Quality Aluminum Tubes & Pipes for Different Industries
From aerospace and transportation to military and telecommunications, Shanghai Metal announces to supply aluminum alloy tubes and pipes for various industries. With a significant expertise and specialization in aluminum processing, China based Shanghai ... ( read original story ...)
Listed mainland companies find unique way to boost earnings
According to Shanghai-based data provider Wind Information ... The finding is an embarrassment to financial regulators who have long encouraged stock market fundraising to support the real economy. Since the incumbent leadership took office in late ... ( read original story ...)
China raises short-term interest rates in fresh tightening signal
SHANGHAI (Reuters) - China's central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of a tightening policy bias as the economy shows signs of steadying. ( read original story ...)
HSBC to launch P2P mobile wallet
Hongkong and Shanghai Banking Corporation is expected to launch a mobile wallet next week to take part in the emerging P2P payment market, local media reports.PayMe from HSBC, the P2P mobile app that could bundle a Visa or MasterCard credit card ... ( read original story ...)