The People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively, on Friday, as expected, to help the economy recover. Both rates remain at record ... ( read original story ...)
Back-to-back storms batter Shanghai
Back-to-back storms have slammed into eastern China, drenching the financial hub of Shanghai especially hard. Typhoon Bebinca, ... ( read original story ...)
Shanghai evacuates hundreds of thousands as Typhoon Pulasan triggers heavy rainfall
SHANGHAI, Sept. 20 (Xinhua) -- China's financial hub, Shanghai, had evacuated 112,000 people as of Friday morning due to Typhoon Pulasan, which brought record-breaking rainfall to parts of the city. ( read original story ...)
China court orders developer SRE to sell majority stake in Shanghai venture to repay loans
The action comes after units of SRE failed to pay 4.45 billion yuan (US$627 million) in debts, the company said in a Hong Kong filing. ( read original story ...)
Stock market today: Asian markets forge higher after Fed’s first rate cut in over 4 years
Asian markets forged higher on Thursday after the Federal Reserve kicked off its efforts to prevent a recession in the U.S. with a bigger-than-usual cut to interest rates. In Tokyo, the Nikkei 225 ... ( read original story ...)
China Stock Market May Hand Back Wednesday’s Gains
(RTTNews) - The China stock market on Wednesday ended the three-day losing streak in which it had stumbled more than 40 points or 1.5 percent. The Shanghai Composite now sits just above the ... ( read original story ...)
Stock Market Live: GIFT Nifty indicates flat start for benchmark indices on Thursday; Asian indices mixed
What is the market’s outlook on Friday? Find out how the markets are poised to perform after US Fed’s rate cut. ( read original story ...)