But in a courthouse across town, the breakfast cereal could end up costing Deutsche Bank AG a lot more: $118 million. Bright Food Hong Kong Ltd. sued the lender in Shanghai, accusing Deutsche Bank of misleading it into buying British pound-to-U.S. dollar ... ( read original story ...)
ING appoints branch manager of ING Bank Shanghai
ING Bank has appointed Arthur Zou as branch manager of ING Bank Shanghai effective November 1 2017, and subject to regulatory approval. He will concurrently be appointed head of multinational clients China. Zou will report directly to Aart-Jan den Hartog ... ( read original story ...)
Six Asian business leaders share their personal stories after taking honors in Shanghai
Giants of commerce have been honored by the CNBC Asia Business Leaders Awards year in and year out since the event was founded 16 years ago. This year's crop of winners lived up to the tradition. The soft-spoken chairman of an Indian conglomerate, an ... ( read original story ...)
Shanghai stocks post worst week in 3 months amid economic slowdown worries
SHANGHAI, Nov 3 (Reuters) - China's major indexes slid on ... The findings, together with other private and official business readings this week, are likely to reinforce views that the economy will slow down in the fourth quarter after racing ahead earlier ... ( read original story ...)
Anti-terrorism and fire drill held at Shanghai World Financial Center
A fire and anti-terrorism drill is held in Shanghai’s second tallest building in Pudong’s Lujiazui area on November 2, 2017 to train workers’ responses in an emergency. The drill at the Shanghai World Financial Center simulated an attempt of two ... ( read original story ...)
The Oil Company That Lost $800 Billion In Shareholder Value
Ten years later, almost to the date, PetroChina’s Shanghai-listed shares have dropped by a staggering 82 percent since the IPO, wiping out shareholder value of $800 billion, Bloomberg calculated. That’s more than the current market capitalization of ... ( read original story ...)
Shanghai stocks fall as economy, liquidity concerns resurface
Shanghai-based strategist at CIB Research. In the stock market, the impact of rising yields "is being gradually felt," he said. But a correction in China's A-shares could be seen as a bargain-hunting opportunity for some overseas investors. Foreign ... ( read original story ...)