While the global economy is complicated by multiple challenges, including rising interest rates in developed countries and geopolitical conflicts, the New Development Bank should play a bigger role to ... ( read original story ...)
China Construction Bank H1 profit up 3.36%
BEIJING/SHANGHAI (Reuters) - China Construction Bank Corp (CCB), the first of the country's Big Five lenders to report half-year results this week, posted a 3.36% rise in first-half net profit on ... ( read original story ...)
Will Surging Demand For High-Bandwidth Memory Help Micron Stock?
A view of a building where the facilities of US semiconductor giant Micron is located in Shanghai on ... We remain neutral on Micron stock with a $67 price estimate which is slightly ahead of the ... ( read original story ...)
Analysis-Arm’s China Relationship Complicates IPO
Arm itself holds an effective interest of only 4.8% in Arm China, obtained through a 10% stake in an intermediate entity called Acetone, which owns 48% of the Chinese subsidiary. Hopu Investment ... ( read original story ...)
Billionaires Behind Shanghai’s Long Museum to Sell Works from Their Collection at Sotheby’s
The founders of Shanghai's Long Museum will reportedly sell dozens of pieces, in an unusual move for a couple so major and so active. ( read original story ...)
After China’s G7 Challenge, BRICS Bank Eyes Cutting Dollar Reliance With South African, Brazilian Currency Loans
The Shanghai-based New Development Bank, established by the BRICS nations, is reportedly set to roll out loans denominated in the South African rand and Brazilian real, a strategic move aimed at ... ( read original story ...)
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian currencies, as an alternative to the dollar. ( read original story ...)