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Shanghai Daily,上海日报

Finance


BRICS contingency fund

A BRICS contingency fund will be operational in 30 days, the Brazilian foreign ministry said on Tuesday. All five member countries are contributing to the US$100 billion fund, with China being the leading ...

July 2, 2015, Thursday


Approval for creation of BRICS Bank

CHINA’S legislature has ratified an agreement with the largest emerging nations to create a new development bank that will fund infrastructure projects in the bloc and other developing economies. The ...

July 2, 2015, Thursday


Stock exchanges lower fees

CHINA’S two major stock exchanges will lower transaction fees by around 30 percent after a continued slump in the country’s stock market. Fees have been cut to 0.0487 permillage from 0.0696 permillage ...

July 2, 2015, Thursday


Shares drop on lukewarm PMI

Shanghai stocks fell sharply yesterday from a significant rebound on Tuesday after new official data showed China’s manufacturing was flat again in June....

July 2, 2015, Thursday


Mizuho targets bond listing in Japan

MIZUHO Bank, Japan’s second-largest lender by assets, plans to issue offshore yuan bond in Japan and list it for the first time on Tokyo’s bond market, the company said yesterday. The bank will issue ...

July 2, 2015, Thursday


Servce PMI shows improvement in June

CHINA’S service sector activity improved in June, an official monthly survey showed yesterday. The purchasing managers’ index for the non-manufacturing sector expanded to 53.8 in June, up from 53.2 for ...

July 2, 2015, Thursday


Foreign funds in FTZ rise to US$24b

THE Shanghai (China) Pilot Free Trade Zone is playing an increasingly important role in attracting foreign investors who continue to show interest in it, senior officials said yesterday. The contract ...

July 2, 2015, Thursday


Greece asks for 2-year rescue deal with EU

GREECE requested a two-year rescue deal with the EU in a race down to the wire yesterday, after admitting it would fail to make an IMF payment with just hours left before its international bailout expires. ...

July 1, 2015, Wednesday


German firms less certain of meeting goals

GERMAN companies are less confident of meeting business targets in China where the economy is transiting to a slower growth, a survey showed yesterday. Around 50.5 percent of German companies operating ...

July 1, 2015, Wednesday


SMEs’ weaker showing

CHINA’S small and medium-sized enterprises performed more weakly in June as manufacturing activities softened amid a cooling economy, a survey report said yesterday. China’s Small and Medium Enterprise ...

July 1, 2015, Wednesday




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