Chinese stocks opened higher on Thursday morning, with the benchmark Shanghai Composite Index up 2.43 percent, or 77.09 points, to open at 3,251.21. The Shenzhen Component Index opened at 11,367.14, up 2.25 percent, or 250.59 points. ...
Tags: China Stocks, RRR Cut
The People's Bank of China, the central bank, will change rules on how it calculates the loan-to-deposit ratios of banks from next year, a move that is expected to make available more funds for lending. The central bank will expand the ...
Tags: Deposit Calculation Rules, POB
The apex bank of Bangladesh has extended its refinancing scheme of easy loans to the garment sector for improving safety standards in garment production units. This loan upto Taka 10 million, which can be borrowed from commercial banks or ...
Tags: Bangladesh, Safety, Apparel
UzPahtaSanoat, the Cotton Industry Company of Uzbekistan, held a meeting this month to review the progress of setting up of new textile projects in the country, according to a UzReport article. Commissioning of high-tech and modern ...
Tags: UzPahtaSanoat, Cotton, Textile
Statistics show that orders of Sinotruk heavy vehicles reached 47,308 units in the first quarter of this year, increased by 22.91%, due to higher market demand. Sales of complete vehicles were 49,452, increased by 15.6%. Among them were ...
Tags: Sinotruk, heavy-duty truck, truck industry
The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has signed an agreement for extending 161 billion dong (US$ 7.8 million) to Thien An Thinh Textile and Garment Joint Stock Company for setting up a new textile ...
Tags: Textile Plant, Textile
South Africa's target of building 8.4GW of solar photovoltaic (PV) capacity by 2030, combined with the success of its large-scale tendering process in attracting investment to fulfill that goal, positions the country as the most attractive ...
Bangladeshi apparel firm Standard Group has secured US$ 50 million low-coast loan from the Bangladesh Bank (BB) and other commercial banks in order to resume production at its fire-ravaged factory. The decision was announced by BB ...
Tags: Fire-Stricken, Apparel
As Bitcoin's popularity grows, so does talk about its standing as legal tender, but there are lingering issues that need to be sorted out before people start using Bitcoin to buy everyday things, experts said on Monday. Bitcoin has been ...
Guangzhou Yuexiu Property Company Limited and the Vanke (it is the largest real estate developers in China) have stake in commercial banks. Despite their ideas, it is a new attempt for real estate to expand direct financing channels. Some ...
Tags: Real Estate, Commercial Bank, economy
The Central Bank of Bangladesh has created a fund of Tk 100 crore with the assistance of Japan International Cooperation Agency (JICA) to improve safety standards in the apparel sector. Factory owners will receive the loan from commercial ...
Tags: Bangla Garment, Textile
Total assets of joint-stock banks hit CNY 2.601 billion at the end of August, growing 22.5% over a year earlier, up 0.4 percentage points over the growth in July and accounting for 18.4% of total assets of banking institutions, according to ...
Tags: Joint-Stock Bank
Commercial banks are highlighted among the top 500 Chinese service firms owning to their small quantity and large contribution. A report on the analysis of the top 500 Chinese firms released for 2013 on August 31 shows that aggregate ...
al Chinese financial search platform Rong360.com received USD 30 million in its second round of financing recently. Ye Daqing, CEO of it, said in an interview on August 2 that it had completed its second round of financing and the ...
Seadrill Limited ("Seadrill" or "the Company") has entered into turnkey contracts to build four new ultra-deepwater drillships. Two drillships will be built at the DSME yard and the other two at the Samsung yard, in South Korea. The project ...
Tags: Transportation, Service