Asian stocks are mixed as traders look ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are ... ( read original story ...)
China cuts key loan prime rate again as property woes deepen
In a widely expected move, the People's Bank of China cut the one-year loan prime rate by 10 basis points to 3.45%, from 3.55%, in an effort to ease borrowing costs for businesses. It kept the ... ( read original story ...)
Shanghai sets goal to be a top-notch cruise hub
SHANGHAI: Shanghai will build itself into a world-class cruise hub by 2035 and aim to draw in three million cruise tourists annually by 2025, according to the Shanghai Action Plan for Promoting the ... ( read original story ...)
China’s property downturn spreads to trophy office buildings
HONG KONG/SHANGHAI -- Vacancies are rising in China's most exclusive office buildings as businesses look to reduce rental expenses during the country's disappointing economic recovery. ( read original story ...)
Shanghai ports export over 1M cars in Jan-July
SHANGHAI: Shanghai ports exported 1.02 million vehicles in the first seven months of 2023, up 54.8 percent over the same period last year, local customs said Friday. Since the beginning of this year, ... ( read original story ...)
GOGA restaurant moves from Shanghai to Saratoga
Finding GOGA might prove challenging for some, and once diners have sampled the fare at the new Saratoga restaurant, they may feel as though they’ve been transported to Shanghai. GOGA recently opened ... ( read original story ...)
Shanghai Lujiazui Financial City opens new office in Riyadh
Chinese group Shanghai Lujiazui Financial City Authority is set to open its first regional office at the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia. This is its second global unit ... ( read original story ...)