It gave no details of Shanghai Tang’s financial performance, but the losses it has wracked up are expected to be disclosed with Richemont’s half-year results, published in November. Mr Bastagli is chairman of A. Moda, a privately held clothes ... ( read original story ...)
China to again have one of the world’s fastest bullet trains
BEIJING — After cutting back the speed of the Beijing to Shanghai bullet train following a deadly crash, China is set to again make it one of the world’s fastest. New generation trains will service the route starting next month, making the 1,250 ... ( read original story ...)
China approves seven IPO applications
Four of them will be listed on the Shanghai Stock Exchange, two on the Shenzhen small and medium enterprise board, and one on the ChiNext, China's NASDAQ-style board. The firms and their underwriters will confirm IPO dates and publish prospectuses ... ( read original story ...)
Shanghai Calling! Shake Shack is Shanghai Bound
Come on by, Shanghai! Shake Shack’s expansion plans in Asia are heating ... Forward-looking statements discuss our current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance ... ( read original story ...)
Financial markets reflect risk aversion after Spain attacks
An aversion to risk was evident in financial markets Friday after the attacks in Spain ... Hong Kong's Hang Seng sank 1.1 per cent to 27,047.57, while the Shanghai Composite index ended flat at 3,268.72. Australia's S&P/ASX 200 fell 0.6 per cent to ... ( read original story ...)
Markets still bewildered after China central bank explains yuan ‘X’-factor
SHANGHAI (Reuters) - A week after China's central bank finally offered some explanation of the mysterious new 'X'-factor it has added to its daily yuan reference rate, traders and analysts say they are none the wiser over how to make sense of it. ( read original story ...)
Bicycle-rental operator Youon raises $87m Shanghai listing
Changzhou Youon Public Bicycle System, a bike rental company, held an IPO on the Shanghai Stock Exchange on Thursday, raising 581 million yuan ($87 million) and becoming the first listed company in the sector, thepaper.cn reported Thursday. The shares ... ( read original story ...)