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 ...)
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 ...)
China Market Update: Alibaba’s Dual Primary Listing Becomes Effective, Meituan’s Q2 Beats
Asian equities were largely higher on light volumes except for Mainland China and Hong Kong in advance of Nvidia’s widely anticipated results today. We shouldn’t overthink the price action, as summer ... ( read original story ...)
Interest Rate, Economy Outlooks Lift Asian Stock Market
Asian stock markets forged ahead Friday on sentiments that global interest rates will ease and that odds of a US recession are receding. Hong Kong, Shanghai and Tokyo finished in green as did other ... ( read original story ...)
Stock market update: Sensex, Nifty hit fresh all-time high levels in early trade
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading with gains ... said while speaking about the stock market update, reported PTI. "Indian markets are expected to record a two decades ... ( read original story ...)
China’s central bank buys government bonds, stirs intervention talk
China's central bank said it bought special government bonds from primary dealers on Thursday, its first such bond purchase in nearly two years, reviving speculation it is preparing to intervene in ... ( read original story ...)