Shanghai Pudong Development Bank Co. said its joint venture in China with Silicon Valley Bank isn’t affected by the turmoil surrounding the US lender, and urged clients to stay calm. ( read original story ...)
Next stop Shanghai — Ethereum’s latest milestone approaches
Ethereum’s Shanghai upgrade is just over a month away, with a trial run set to take place on the Goerli test network on March 14. ( read original story ...)
Wall St opens lower as bank stocks drop
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 6, 2023. REUTERS/Brendan McDermid ... ( read original story ...)
China’s new premier, a Xi loyalist, is caught between business and politics
Li Qiang, who oversaw the disastrous Shanghai lockdown, will become Chinese leader Xi Jinping's No. 2 on Saturday. Will he be a yes-man or could he influence policy? ( read original story ...)
Chinese Stock Bulls Dealt a Blow as Congress Underwhelms
For all the hype in the run-up to the National People’s Congress, China stocks bulls were left in the lurch as a terrible week for global markets compounded a selloff spurred by a lack of major policy ... ( read original story ...)
European bank shares tumble day after U.S. market turmoil
SHANGHAI/HONG KONG (Reuters) -China's push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing... OSLO (Reuters) - Swedbank will book a ... ( read original story ...)
Analysis: Debt-laden local governments pose fresh challenges to China’s growth, financial system
China's push to revive the economy this year by increasing infrastructure spending while warding off financial risks is facing headwinds from massive local-government debt, which is more than $9 ... ( read original story ...)