It’s been a good few weeks for China’s economic decision-makers. Official data showed exports in August rose 7.2% from a year earlier, surpassing all forecasts. The official purchasing managers’ index (PMI) for ...
Tags: Wrong Growth Path
Swiss insurance and pension firm the Baloise Group has embarked on an agreement to divest its businesses in Croatia and Serbia to the Austrian UNIQA Group, in a EUR75m worth transaction. In Croatia, 'Basler osiguranje Zagreb' offers an ...
Tags: insurance, UNIQA Group
Deal or no deal, the US Congress' dance with default impressed policymakers and investors in China and Japan with just how vulnerable their own economic revival plans are to the next political tantrum on Capitol Hill. The 11th-hour ...
Tags: Dollar Drama, Economy
Murray Goulburn, an Australian diary co-operative, has launched a A$420m ($404m) bid to acquire Warrnambool Cheese and Butter (WCB), following Canada's Saputo C$378m bid earlier this month. The proposal would create one of the largest ...
Tags: Murray Goulburn, Cheese, Butter
The name of "Jinling Bank Co., Ltd.", co-sponsored by Sanpower Group and Yurun gained pre-approval from the State Administration for Industry and Commerce, marking private capital takes a step forward to enter the banking. This July 5, ...
Tags: Bank, Jinling Bank
Mizuho Corporate Bank (China), Ltd., a wholly-owned subsidiary of Japanese commercial lender Mizuho Corporate Bank, Ltd., has gained regulatory approval to expand registered capital by CNY 3 billion. People in the know disclosed in an ...
Tags: bank, economy, Registered Capital
Work on construction of a US$ 4.5 billion petrochemical complex in Vietnam, a joint venture of Qatar Petroleum International (QPI) and Thailand-based Siam Cement Group (SCG) and its Vietnamese partners - PetroVietnam (PVN) and Vinachem, is ...
Tags: Petrochem, Siam Cement Group
The National Security Agency (NSA) is harvesting data from contact lists of millions of personal email and instant messenger accounts from across the globe, according to documents leaked by whistleblower Edward Snowden. The latest Prism ...
Tags: Computer Products, software
British insurance and pensions company Legal & General Group (L&G) has tabled a bid to acquire Co-operative Group’s home insurance business. L&G has expressed interest to purchase Co-Operative's household book and not its motor ...
Tags: insurance, Home Insurance Business
Falcon Insurance Company and Bank Muscat have entered into an agreement to offer life insurance cover to all customers availing consumer loans from the bank in the region. Based on the terms of the agreement, all existing and new ...
Agricultural Bank of China (SHSE: 601288) announced on October 8 that its Frankfurt branch has been officially approved by the financial authority of Germany on October 1, 2013 based on the local time. The branch previously had been ...
Australia's export credit agency, Export Finance and Insurance Corporation (EFIC), has opened a new office to provide support for Queensland businesses. The office opening is in response to increased demand for EFIC's services in the region ...
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
At the Global Economic Symposium (GES) in Kiel, the panelists discussing the future of central banking warned of the next bubble and the consequent next crisis. "The lax monetary policy of the central banks over the last few years was ...
Tags: Service
The Royal Bank of Scotland (RBS) is to spend more than £300m on a new IT system as it prepares to sell off 314 branches under the Williams & Glyn's moniker. RBS is reviving the Williams & Glyn's name after 30 years, with the ...
Tags: Computer Products, software