U.S. stocks are drifting in early trading after leaping to records the day before as part of a worldwide rally. ( read original story ...)
New Dawn For China’s Tech Billionaires?
( MENAFN - Asia Times) According to the latest Bloomberg Billionaires index , Pony Ma, co-founder of Tencent Holdings, is once again China's richest person, now with a net worth of more than A$65 ... ( read original story ...)
Central Bank Outlooks Lift Asian Stock Markets
Asian stock exchanges largely gained ground Friday, after the Bank of Japan abstained from a rate hike, and following overnight gains in peer stocks in US and European markets. Hong Kong and Tokyo ... ( read original story ...)
Is life getting better for China’s tech billionaires?
Having navigated a government crackdown on billionaires, tech tycoon Pony Ma is once again the richest person in China. Could spring be coming for the country’s private sector? ( read original story ...)
People’s Bank of China unexpectedly holds LPR rates steady in September
The People’s Bank of China kept its one- and five-year loan prime rates unchanged at 3.35% and 3.85%, respectively, on Friday, as expected, to help the economy recover. Both rates remain at record ... ( read original story ...)
Back-to-back storms batter Shanghai
Back-to-back storms have slammed into eastern China, drenching the financial hub of Shanghai especially hard. Typhoon Bebinca, ... ( read original story ...)
Shanghai evacuates hundreds of thousands as Typhoon Pulasan triggers heavy rainfall
SHANGHAI, Sept. 20 (Xinhua) -- China's financial hub, Shanghai, had evacuated 112,000 people as of Friday morning due to Typhoon Pulasan, which brought record-breaking rainfall to parts of the city. ( read original story ...)