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Shanghai Daily,上海日报

Finance


Russia trims interest rate to 15%

A chain is seen wrapped around a road sign, with the coat of arms of the Russian central bank seen on it, near the headquarters of the bank in central Moscow yesterday. Russia cut its key interest rate by two points to 15 percent yesterday, as the economy slides toward recession due to a collapse in global oil prices and Western sanctions over the Ukraine crisis. ...

January 31, 2015, Saturday


Managed assets post slow growth

Assets managed by trust firms in China grew slowly in 2014 as the economy slowed and competition intensified, according to an industry report....

January 31, 2015, Saturday


Sale of Nanyang Commercial Bank could garner US$6b

Lender BOC Hong Kong Holdings Ltd is considering a sale of subsidiary Nanyang Commercial Bank that could fetch about US$6 billion, in a bid to stop cannibalizing the China business of its parent, people...

January 30, 2015, Friday


Chinese exports subject to nearly 100 trade probes

China’s trade partners launched nearly 100 investigations into its exports last year, the government said yesterday, blaming rising protectionism due to a weak global recovery and the country’s growing...

January 30, 2015, Friday


Shanghai to maintain stability in real estate

SHANGHAI’S economic slowdown is not putting pressure on the city, Mayor Yang Xiong said yesterday. It will continue to accelerate industrial upgrading, optimize trade and develop strategic new industries. ...

January 30, 2015, Friday


FTZ initiatives to apply nationwide

SEVERAL initiatives in Shanghai’s pilot free trade zone are to be promoted nationwide in a bid to deepen reform and opening up, the State Council said in a circular published on the central government’s ...

January 30, 2015, Friday


Shares fall as US rate rise to hit yuan

Shanghai stocks yesterday fell for a third straight day as the Chinese yuan is seen to weaken against the US dollar after the Federal Reserve said it would raise interest rates this year....

January 30, 2015, Friday


Platform for MNCs’ bonds

Shanghai will set up a platform for multinational companies to issue corporate bonds in order to expand the presence of overseas companies in China’s capital market, Zheng Yang, director of the Shanghai...

January 30, 2015, Friday


Visa taps Chinese wealthy market with local partners

PAYMENT company Visa said it has teamed up with five star hotels, limousine services, healthcare companies and education agencies in China to tap the growing wealthy population with value-added services. Holders ...

January 29, 2015, Thursday


Yuan ranks 5th-most used globally

The yuan has become the world’s fifth-most widely used payment currency, with the value of cross-border deals settled in it more than doubling in 2014, data from transactions organization SWIFT showed...

January 29, 2015, Thursday




 

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