Asian stock markets were mixed Thursday after leaders of major central banks said they need to keep interest rates high to fight persistent inflation despite fears that might tip the global economy ... ( read original story ...)
China bulls backload stock targets as post-pandemic optimism deflates, stimulus floodgates remain closed
HSBC, Citigroup are among the latest brokers to join Goldman and Nomura in cutting stock targets as weak data and slow stimulus deflate expectations Chinese manufacturing likely contracted again in ... ( read original story ...)
Most markets rise as traders weigh central bank rate plans
Most markets rose in Asia on Thursday, building on the previous day's advances, even after central bank chiefs warned that interest rates would rise further to counter persistent inflation. His ... ( read original story ...)
Shanghai Predicts $6.9B Surge from Metaverse Revenues by 2025
Shanghai, the financial powerhouse of China, recently disclosed ambitious plans to generate approximately $6.9 billion in metaverse-related revenues in the culture and tourism sectors by the end of ... ( read original story ...)
China’s biggest IPO in years poses $9bn question for western banks
Goldman Sachs and others seek clarity over planned Shanghai listing of Swiss agricultural chemicals group Syngenta. ( read original story ...)
Shanghai Aims to Generate $6.9B Annually with Web3 Tourism Projects
Shanghai aims to build thirty culture and tourism metaverse projects based on virtual performances, digital artwork, and smart tourism by the end of 2025. The metaverse technology will be integrated ... ( read original story ...)
China should allow cross-border data sharing, financial lobby group says
China should allow cross-border sharing of information by financial firms operating in the country, a leading financial lobby group said, as authorities tighten control of data generated within its ... ( read original story ...)