Silicon Valley Bank's Chinese joint venture will become a wholly owned unit of Shanghai Pudong Development Bank, following approval to change its name to Shanghai Innovation Bank, a Chinese ... ( read original story ...)
China’s IPO and M&A Bankers Start to Regain Their Swagger
Hi it’s Ben Scent in London and Manuel Baigorri in Hong Kong, looking at the signs of deals revival in China. Also today, DSV is finally confirmed as the winner for Deutsche Bahn’s logistics unit and ... ( read original story ...)
Growth in the Chinese wealth market will drive affluent population growth in 2021
The Shanghai Stock Exchange Composite Index recovered from the losses incurred earlier in the year, with the stock market index registering a 13.9% growth in 2020, fuelling an appetite for riskier ... ( read original story ...)
Stock market today: World shares are mostly higher as Wall Street gears up for an interest rate cut
Shares are mostly higher in Europe and Asia as world markets await an expected interest rate cut by the Federal Reserve ... ( read original story ...)
Stock Market News Today, 9/12/24 – Indices Rally after Key Inflation Data
EST Stock indices finished today’s trading session in the green after a fresh round of inflation data. The Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) gained 0. ( read original story ...)
Live news: Bank of America hires Citi’s chief accounting officer
Bank of America has poached Citigroup’s chief accounting officer Johnbull Okpara to act in the same position. Okpara is replacing Rudolf Bless, who has been in that role at BofA for nearly a decade. ( read original story ...)
China Market Update: Hong Kong Grinds Higher, China Releases August Economic Data
Asian equities were mostly higher overnight while Mainland China was closed for the Mid-Autumn Festival. Japan, South Korea, Indonesia, and Malaysia were also closed. ( read original story ...)