Results tagged “stockexchange”

The Xinhua News Agency is reporting that China may allow foreign multinationals to list on the Shanghai Stock Exchange(SSE). SSE officials are conducting feasibility studies and companies names mentioned include HSBC Holdings Plc, Coca-Cola Co., and Siemens AG. China is under renewed international pressure to speed up its currency reform and open its financial market. Letting foreign firms trade on domestic bourses may just be the first of many steps toward integrating China into the...

And in a class all by itself, the US$1 trillion(1,000,000,000,000) club. On Monday, the 4 billion A-share offering, priced at 16.7 yuan per share, finished its first day of trading on the Shanghai Stock Exchange at 43.96 yuan, rising as high as 48 yuan intraday. At US$1.005 trillion, PetroChina’s market cap is more than twice that of its US peer, Exxon Mobil (USD $486 billion), even though Exxon Mobil generated four times as much revenue...

For those keeping scores at home, and we know you are, this is now the third installment on the on-again, off again love affair between Bear Stearns and the Chinese government sponsored investment firm, CITIC. At this point, we don't know what or whom to believe.

Earlier this week, we told you that a Chinese state owned bank is in talks to buy a stake in US investment bank, Bear Stearns. Apparently, we got some bad info, well actually Dow Jones Newswires got some bad info. See what happens when Rupert Murdoch gets involved? Anyway, today, we learned from a much more reputable publication, Shanghai Daily, that the deal is off, or something like that, here is the quote

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We SMSed a member of Shanghai's Gaelic football team -- they were known to frequent the Spot Bar -- to get the lowdown on what happened. His take: "There's an old building behind it, they wanted a garden front to it so they ripped it down." Indeed, tearing down the building that housed the restaurant and bar exposes a really nice old villa that we hadn't noticed before. While the house likely doesn't have a bar (and if they did have a bar, they probably wouldn't allow drunk Irish guys to dance on top of it), we have to admit the house is a little more aesthetically pleasing than the Spot Bar was. But our guess is that they will probably block it from street view with a concrete wall of some kind.

While the CNOOC/Unocal mess is still fresh in our minds (by “mess” we mean a resounding victory for those that have American interests at heart), another Chinese company, it seems, has found itself in the crosshairs of US law makers. Lenovo, a Chinese PC manufacturer, has raised a few eyebrows among congressional leaders with its impending sale of 16,000 desktop PCs to the State Department.

We’ve written about the Stock Exchange once before, back when the inimitable Princes of the Night were in town (much to the excitement of a curiously large number of our female friends in Shanghai).

Cheapest beers in town

We're no prudes here at Shanghaiist. We've seen the dancing poles at Blue Angel. We've been propositioned by local ladies passing in the street (as recently as last week, in the dairy section of the Fresh Mart at Jing'an City Plaza). Admittedly, though, we're yet to experience a stage full of male strippers.