Under China’s commercial banking rules, the collapse of SVB, the parent company, means it can longer remain a shareholder in the joint venture. However, given the fanfare with which the joint venture ... ( read original story ...)
Freezing of Russian Cen bank assets a turning point for dollar’s dominance
"Every night I ask myself why all countries have to base their trade on the dollar," Brazil's President Lula da Silva said in a April 13 speech at the New Development Bank in Shanghai. His hosts in ... ( 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 ...)
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 ...)
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 ...)
Asian Shares Mixed On Bank Contagion Worries
Asian stocks ended Friday's session on a mixed note as investors fretted about the health of U.S. banks and reacted to mixed China ... ( read original story ...)