Increased yuan bill sales by China's central bank in Hong Kong this week helped tighten liquidity in the offshore market to help stabilise the yuan by making it expensive for speculators to short the ... ( read original story ...)
Stock market today: Global shares mostly rise after Wall Street rally
Global markets mostly rose Thursday after Wall Street rallied to its best day since June as pressures from the bond market relaxed a bit. The Bank of Korea's Monetary Policy Board left the base rate ... ( read original story ...)
Development bank to play bigger role in Global South
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 ...)