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Shanghai Daily,上海日报

Finance


JPMorgan fined for rigging Libor rates

The European Commission fined US bank JPMorgan more than 61 million euros (US$78 million) yesterday for its role in rigging benchmark international interest rates....

October 22, 2014, Wednesday


China faces pressure in fiscal revenue

China is facing pressure in fiscal revenue this year as the government’s income grew slowly in September even as it spent aggressively to support economic growth,...

October 22, 2014, Wednesday


FTZ eyes commodities spot trading

Shanghai’s pilot free trade zone has released draft rules for spot trading of commodities, a step closer to establishing international trading exchanges for various commodities in the FTZ.The 48-...

October 22, 2014, Wednesday


Rising worries over economy deflate shares

SHANGHAI stocks fell yesterday amid rising worries after China’s economy expanded at the lowest rate in more than five years in the third quarter.The Shanghai Composite Index dipped 0.72 percent to 2,...

October 22, 2014, Wednesday


Chinese family firms bullish about future

Family businesses in China have achieved revenue growth above the global average over the past year and they are also more optimistic about their future growth,...

October 22, 2014, Wednesday


Central bank encourages issuance of IC bank cards

MAGNETIC stripe bank cards will soon become the dinosaur on China's mainland, as commercial banks are only allowed to issue chip cards starting 2015, according to the People’s Bank of China. Integrated ...

October 21, 2014, Tuesday


Shanghai shares down as GDP growth hits 5-year low

SHANGHAI stocks fell today amid amounting economic worries after data showed China’s economy slowed to the lowest pace in more than five years in the third quarter. The key Shanghai Composite Index declined ...

October 21, 2014, Tuesday


China family businesses see strong revenue growth, PwC says

FAMILY businesses in China have seen much stronger revenue growth than the global average over the past year and they are more bullish about future growth, PricewaterhouseCoopers said in a survey today. Among ...

October 21, 2014, Tuesday


Fewer mortgages but project loans rise

Banks in Shanghai lent fewer mortgages in the third quarter on coolness in the property market, but loans for real estate development rose this year, the Shanghai headquarters of the People’...

October 21, 2014, Tuesday


Hopes for cash input before IPOs lift shares

SHANGHAI stocks rose yesterday on speculation that China’s central bank will inject cash to lenders to ensure market liquidity ahead of new initial public offerings....

October 21, 2014, Tuesday




 

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