China Set For First State-Owned Firm To Default On Bond
The news comes shortly after a full default on both principal and interest by Cloud Live Technologies earlier this month.
Top Chinese Banks, Executives Under Investigation For 'Huge International Scandal'
NVC Lighting’s former CEO Wu Changjiang has been accused of embezzling funds worth $101.71 million.
Bank Of America Posts Strong Q3 Results
Bank of America faced the same headwinds as other banks, but its cost-cutting and portfolio-cleanup efforts worked in Q3.
China's Banks - Bad Loans, Lower Profits
The days of guaranteed fat profits are over for China's major state-run banks.
Asian Stocks Rally On Fed Stimulus Action
Asian stock markets rallied to a four-month high Friday after the U.S. Federal Reserve launched another large scale of asset purchase program overnight to stimulate the world's largest economy.
Asian Stocks Mostly Up on Stimulus Hopes
Asian stock markets mostly ended higher Monday on hopes that major economies including the U.S and China would soon announce a new round of stimulus measures to spur growth.
Chinese Banks' Bad Loan Nightmare
China's credit risk is probably much worse than the official non-performing loan (NPL) data suggests, according to Société Générale's China macro strategist Wei Yao.
Bank Of America Sells Merrill Unit To Julius Baer - A List Of Assets Sold Since 2011
Bank of America Corp. (NYSE: BAC), the lender divesting assets to raise capital, said Monday it has agreed to sell Merrill Lynch's International Wealth Management business outside the U.S. to Swiss private bank Julius Baer Group Ltd.
China July Data Preview: Modest Recovery Calls For Further Easing
A spate of data releases over the coming days is expected to show signs of China's economy stabilizing in July after a slowdown that reduced its growth to its slowest rate in more than three years during the second quarter.
Asian Stocks Mixed Before Fed, ECB Meetings; China Manufacturing Softens
Asian stock markets were mixed Wednesday as investors remained cautious ahead of the outcome of the two major central bank meetings.
Asian Stock Markets Gain On Stimulus Bets
Asian stock markets advanced Tuesday, helped by expectations that the major central banks will announce further stimulus measures when they hold policy meetings later this week.
Asian Stocks Rise On ECB, Fed Stimulus Hopes
Asian stock markets advanced Monday on renewed hopes that policy makers in U.S. and Europe will announce further stimulus measures to spur economic growth when they hold policy meetings later this week.
Mario Draghi's Comments Lift Asian Stock Markets; Samsung Rallys On Record Profit
Asian stock markets rallied Friday as comments from European Central Bank (ECB) president raised hopes for further central bank action in Europe to alleviate the sovereign debt crisis.
Asian Stocks Fall On Global Economic Growth Worries
Most Asian markets fell Thursday as investor worries about worsening global economic downturn strengthened following unanticipated interest rate cut in South Korea.
Asian Stocks Fall On Growth Slowdown Worries
Most Asian markets fell Wednesday amid investor concerns about the euro zone?s debt burden to worsen global economic downturn.
Don?t Give Up On The China Dream (Just Yet) - Nation Passes Japan On Fortune 500
China's double-digit growth rate during the financial crisis has been the envy of the world and most people agree that we may have seen the last of the country's miraculous growth. So yes, China's growth is slowing. However, it's too early to get all pessimistic.
Asian Stocks Decline Despite Rate Cuts; Focus Turns To US Data
Asian stock markets declined Friday as investors remained cautious ahead of U.S. employment data due later in the day while major central bank?s actions to stimulate the global economy failed to calm market jitters.
Temasek Sells $2.48 billion Stake In Bank Of China And China Construction Bank
Temasek Holdings, the Singapore state-owned investment group sold $2.48 billion of shares in Bank of China Ltd. and China Construction Bank Corporation as profit growth in banks is decreasing with tighter controls on lending in the country.
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Asian Stocks Decline On Weak Economic Data From Europe, Poor US Jobs Numbers
Asian stocks fell Thursday as weak economic data from the Eurozone and the US raised concerns over the strength of global economic recovery.
Asian Stocks Fall on US, Europe Data
Asian stock markets declined on Thursday as weaker-than-expected economic reports from the US and Europe dampened investor sentiment.
China?s Banks Report Weak Growth Amid Slowdown In Economic Progress
Industrial & Commercial Bank of China and China Construction Bank Corp reported a weak growth in the first quarter due to slowdown in the economy.
Asian Stocks Fall On Chinese FDI, Spain Concerns
Most of the Asian stock markets ended lower Tuesday after data showed that foreign direct investment (FDI) into China declined for the fifth month in a row.
Temasek buys $2.3 billion of ICBC shares from Goldman
Singapore state investor Temasek bought $2.3 billion worth of ICBC's Hong Kong-listed shares from seller Goldman Sachs , piling into three of China's top four banks and raising its bet on the world's second-biggest economy.
Goldman Sachs Sells $2.3 Billion Of ICBC Shares To Temasek Holdings
Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.
Asian Stocks Decline Over Europe Debt Concerns
Most of the Asian stock markets ended lower Thursday, tracking overnight declines from Wall Street after a disappointing Spanish bond auction.
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