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
August trade data from China suggests that low platinum prices prompted stronger demand from the country's jewelry sector, analysts with UK banking gain Barclays said Monday. The jewelry sector in Asia is a major end-user of platinum. ...
Tags: Chemicals
Everbright Bank (SHSE: 601818) was agreed by China Banking Regulatory Commission to issue not more than CNY 16.2 billion tier 2 bonds, which still needs to be approved by China's central bank.
Tags: Everbright Bank, economy
GARDEUR CEO Gerhard Kränzle has signed – on behalf of Kränzle Beteiligungs GmbH and in the presence of representatives of an investment fund of the NRW.BANK – a Memorandum of Understanding on the short-notice ...
Chairman AEPC Dr A Sakthivel, on behalf of the garment & textiles industry has expressed disappointment over the increasing the repo rate. In a statement made, Chairman Dr. Sakthivel stated that, “The availability of capital is ...
Tags: AEPC Chief, Apparel
China is said to be weighing a plan to allow local governments to issue local treasury bonds. Sources said recently that the Ministry of Finance (MoF) planned to allow local governments to issue local treasury bonds, an effort to ease ...
Tags: local treasury bonds, economy
Simtom Food Products, an Indian food manufacturer based in England, has unveiled plans to expand and upgrade its production line, while creating new jobs. The company received facilities including asset finance and working capital ...
Tags: Agriculture, Food
The idea that cloud computing providers could suffer as a result of the US National Security Agency's (NSA) policy of obtaining data from web companies as part of its Prism surveillance programme is a "red herring", argues Bobby Soni, chief ...
Tags: Computer Products, software, Cloud Industry
China attracted 8.38 billion U.S. dollars in Foreign Direct Investment (FDI) in August, up 0.62 percent year on year, data from the Ministry of Commerce (MOC) showed Tuesday. The increase was down sharply from a 24.13 percent jump in July ...
Nothing gets reads like a shadow banking story. Articles on China's local government debt pull page views too, conjuring images of small-town officials erecting enormous stadiums or skyscrapers on the edges of corn fields. Often left out of ...
Tags: Chinese Companies, Debt Crisis
According to IDC, PC shipments in Russia in the second quarter of 2013 continued their steep decline, with volume slipping by 37.3% on year to a total of 2.47 million units. The notebook market suffered a contraction of 45.3% on year to ...
Tags: PC Shipments, Electronics
Trigon Snacks, a UK-based peanut processing firm, has entered into administration, putting more than 130 jobs at risk. The business has entered into administration on 10 September; however, it is believed that it is still continuing ...
Religare Health Insurance has signed an insurance distribution agreement with Union Bank of India, whereby it products and services will sold by the bank branches. Union Bank of India executive director SK Jain said, "Union Bank becomes ...
Tags: Insurance, Health Insurance
China's business activity surged to a 17-month high in August, providing fresh evidence that the protracted economic slowdown in China may be bottoming out. Industrial production gained 10.4 percent from a year earlier, picking up from ...
Tags: Steel Leads, Steel Sector
It is reported that the Italian steelmaker Riva Steel announced all its production plants, including transport services will cease starting September 12. Ilva, which is part of Riva Steel is not affected by this decision. The Riva family ...
Tags: Steel, Construction