China's central bank reopened a US$29.98 billion offering of three-year bills meant to drain liquidity from the banking system in July, continuing a bias towards tightening, The Wall Street Journal reported. The People's Bank of China ...
Tags: China Bill, Tightening Bias
Earnings trend underscores significant progress in corporate reorganization Revenue share of semiconductor-based products above 30 percent for the first time Osram raises earnings outlook slightly for current fiscal year Osram showed ...
Lenovo will open its Reach consumer cloud service beta to anyone who wants to sign up later this quarter in North America, which could boost the Chinese company's hardware sales by tying that portfolio to the cloud service. A date for ...
Tags: Computer Products, software
The National Development and Reform Commission is pestering and probing 60 foreign drug makers regarding the prices at which they sell their wares in China. Scrutiny of the foreign drug sector in China made headlines in June when ...
Tags: Harsh Medicine, Pharma Firms
According to Americas Commercial Trucking (ACT) Research, nearly 15,400 net trailer orders were received in June, 2013, up 7% from May. "June's cancellation rate was only half of that posted in May," says Frank Maly, director-CV ...
Tags: Trailer Industry
After eluding police for 10 days last year, a dragnet in central China’s Henan province finally closed in on Li Mingzhong, the head of a BOC Fullerton Community Bank branch who had absconded with more than US$16 million in rural ...
Tags: Village Banks, Privatization
The Australian share market has outperformed others in the Asian region, as strength in the banking sector pushed it higher. Commonwealth Bank shares closed at a record high, and its three rivals also posted strong gains. That helped ...
Tags: share market
Last month’s credit crunch should be seen as part of Beijing’s effort to restrain runaway credit growth and investment and encourage consumption spending, according to the Export Finance and Insurance Corporation. The ...
Oaktree Capital Group has engaged investment banking firm Goldman Sachs to find a suitable buyer for packaging company Tekni-Plex, in a transaction which could be worth $800m, according to sources. Five years back, the US-based investment ...
Tags: Oaktree Capital, Tekni-Plex
Natural rubber surpluses and poor demand, especially from China, will weigh on spot prices for the commodity, Germany's Commerzbank said in a report issued Tuesday. "Several years of supply surpluses on the global rubber market have ...
Tags: Natural rubber, Chemicals
Chinese banks' recent credit crunch has impacted the LED industry. More than 100 LED manufacturers have defaulted as a result in Eastern and Southern China this year. Taiwanese LED manufacturers have emerged as the beneficiaries of the ...
Tags: LED, Lights, Lighting, LED lighting
A BIG upswing is expected in coming years in the number of Australian businesses transacting with China in yuan, according to a survey by HSBC. While only 7 per cent of Australian companies have conducted cross-border yuan transactions -- ...
Tags: businesses transacting, economy
Finance segments experienced some growth, driven by emerging markets, but the capital markets and commercial banking remained cautious, according to the latest study by the Financial Services Competence Center at Roland Berger Strategy ...
Tags: economy, Finance segments
U.S. manufacturers can breathe a sigh of relief that the global economy has taken a few steps back from the brink, with the Federal Reserve and other central banks playing key roles, according to a new report. In the Manufacturers ...
Tags: economy
China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china