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Shanghai Daily,上海日报
Latest news:

Economy


New opportunities for finance sector

SHANGHAI will accelerate opening up in financial services to build an international financial center and serve the Belt and Road initiative, authorities told the Lujiazui Forum yesterday. Zhou Xiaochuan, ...

June 21, 2017, Wednesday


BRICS continues to drive global economy

BRICS will continue to be a growth engine of the world economy despite difficulties and challenges, Chinese Finance Minister Xiao Jie said Monday. "We firmly believe the economic condition of BRICS will ...

June 20, 2017, Tuesday


Investment advice much needed: survey

MORE Chinese will need investment advice from professionals to help them manage their “unrealistic” financial goals, said a survey released yesterday. People with an annual income between 125,000 yuan ...

June 16, 2017, Friday


China’s drive to cut overcapacity advancing well

CHINA’S top economic planner announced yesterday that the country’s drive to cut overcapacity in steel and coal has progressed well. As of the end of May, 42.39 million tons of crude steel capacity and ...

June 16, 2017, Friday


Fed lifts interest rates and eyes reduction in holdings of bonds

THE Federal Reserve raised interest rates for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing ...

June 16, 2017, Friday


Greece ‘optimistic’ on securing deal

GREECE said it was hopeful of securing a deal yesterday that could end months of eurozone feuding with the IMF and unlock sorely needed bailout cash for Greece to avert a fresh crisis. Athens will likely ...

June 16, 2017, Friday


Industrial output and retail sales expand faster

CHINA’S industrial output and retail sales grew faster than expected in May while fixed-asset investment slowed, but the data showed the economic growth was largely steady. China’s value-added industrial ...

June 15, 2017, Thursday


IMF raises China’s GDP growth outlook to 6.7%

THE International Monetary Fund yesterday raised its forecast for China’s 2017 economic growth to 6.7 percent, its third increase this year, citing “policy support, especially expansionary credit and ...

June 15, 2017, Thursday


EU plans new powers over London’s banks

THE European Union unveiled plans yesterday to give itself new powers over London’s banking business after Brexit in a blow to the city’s supremacy as a global financial hub. The draft law unveiled by ...

June 14, 2017, Wednesday


ECB sticks with stimulus and low interest rates

THE European Central Bank made a small step toward phasing out its extraordinary support for the economy yesterday — but left its stimulus programs and record low interest rates unchanged despite a spreading ...

June 9, 2017, Friday


 

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