China Construction Bank (CCB, SHSE: 601939, and SEHK: 0939), the biggest real estate and mortgage lender in the Chinese mainland, will control a 72 percent stake in Brazil-based Banco Industrial e Commercial S.A. (BIC). It said in the ...
The Co-operative Bank is to invest another £500m in upgrading its IT systems over the next three years as the Co-operative Group cedes control of its troubled bank to US hedge funds. The news was revealed as the Bank unveiled a ...
Tags: Computer Products, bank, software
On October 9, Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel Co. (Baogang Group) announced that it plans to issue short-term bonds worth RMB 2.5 billion ($408 million) on October 15. The bonds, which are the first short-term ...
Tags: Baogang, Short-Term Bonds
One thing every office needs is place for employees to sit. If you’re a startup on a budget, you can avoid facing these wide open spaces by applying for furniture credit. It’s true that furnishing an office isn’t cheap. ...
Tags: Furniture Credit
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
LyondellBasell announced that it has entered into a new contract with CEO James L. Gallogly and taken other steps to ensure continued strong leadership and executive continuity at the company. "The company has been transformed in recent ...
Tags: LyondellBasell, Textile
On August 26, China's national railway operator China Railway Corporation (CRC) announced that it will issue its third tranche of railway construction bonds in the current year, worth RMB 20 billion ($3.3 billion) and for a term of seven ...
Middle East Rating and Investors Service (MERIS) has announced that it has downgraded the credit rating of Egypt-based steelmaker Ezz Steel to B+ from BB+, with the outlook being negative. According to MERIS, Ezz Steel is facing critical ...
Tags: Steel's Rating
Nokia's credit rating has been cut even further by ratings agency Moodys, over concerns about the company's cashflow. The company's credit rating now stands at B1, four levels below "investment grade". Further reading Nokia to launch ...
International ratings agency Moody's has announced that it has downgraded the credit rating of Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, to B2 from B1, reflecting Moody's expectation of ...
Tags: Coal Company, coking coal
Beijing-based Chinese integrated steel trading and logistics services provider Minmetals Development Co. (Minmetals Development) has announced that today, August 13 it plans to issue super short-term bonds worth a total value of RMB 2 ...
Tags: Minmetals Development
On July 31, Shanxi Province-based Chinese stainless steel producer Taigang Stainless Steel Co., a subsidiary of Taiyuan Iron and Steel (Group) Co. (TISCO), announced that it will issue its third tranche of short-term bonds for the current ...
Tags: Stainless Steel, Mineral
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel (Group) Corporation(WISCO) has announced that it plans to issue medium-term notes worth RMB 7 billion ($1.13 billion) on August 7. The period of issuance of the medium-term notes ...
Tags: WISCO, steelmaker
On July 8th, the list of 2013 Fortune Global 500 Companies was released. Baosteel was ranked No. 222 with operating revenue of 45,682.7million USD and net profits of 918.8million USD. It had been consecutively ten years that Baosteel was ...
Tags: Metallurgy, Mineral, Energy, steel
International credit rating agency Standard & Poor's has announced that it has raised the long-term corporate credit rating of Turkish steelmaker Eregli Demir ve Celik Fabrikalari T.A.S. (Erdemir) to 'B+' from 'B', with the outlook being ...
Tags: Turkey-Based Erdemir, Mineral