Russia and China founded the Shanghai Cooperation Organisation in 2001 as a counterweight to US alliances across East Asia to the Indian Ocean. ( read original story ...)
Mega Startup IPO Faces Serious Trouble
Some in Congress are calling for the SEC to block this company from going public unless it takes a big action. ( read original story ...)
HSBC Shareholders Overwhelmingly Reject Proposal to Restructure the Bank
HSBC's management just scored a big victory in a yearlong showdown with one of its top shareholders over the future of the bank. On Friday, the the banking giant's shareholders overwhelmingly rejected ... ( read original story ...)
From Suzhou Creek to the Bund: Shanghai’s classic architecture mixes history and development
"All the buildings along Suzhou Creek welcome visitors from all over the world." Shanghai is improving, and an increasing number of social resources are returning to the people, he added. Leisurely ... ( read original story ...)
Stock market today: Global markets up ahead of US jobs data
Global stock markets were mostly higher Friday ahead of a U.S. jobs update amid worries about the health of banks under pressure from interest rate hikes. London, Frankfurt, Hong Kong and Wall Street ... ( read original story ...)
Dollar supremacy undermined as petrodollar ally joins Shanghai Cohort
In March 2023, China brokered reconciliation between two arch enemies, Iran and Saudi Arabia, which has been hailed as a major diplomatic breakthrough, globally. And in April 2023, Saudi Arabia became ... ( read original story ...)
SMM Evening Comments (May 5): Shanghai Nonferrous Metals Closed Mostly with Losses amid Expanding US Regional Banking Crisis
Shanghai nonferrous metals closed mostly with losses in day trading. On the macro front, the euro weakened slightly as the European Central Bank (ECB) raised interest rates by 25 basis points as ... ( read original story ...)