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Chinese Bank Suffers "Rare" Bank Run, Police Arrest "Rumor-Spreaders"

Chinese police questioned 27 people, detained 12 and "severely" reprimanded 15, over the spreading of goss.....»»

Category: blogSource: zerohedgeAug 12th, 2017

China Hitches Yuan to the Dollar, Buying Rare Calm

China’s central bank appears to have effectively pegged the Chinese yuan to the dollar in recent weeks, a policy twist that has helped stabilize the currency in a year of political transition......»»

Category: topSource: wsjMay 25th, 2017

Directors of company that committed fraud of Rs 500 cr held

The arrest comes after police froze the company's bank accounts and sealed its office at Noida Sector-2.....»»

Category: topSource: business-standardFeb 17th, 2017

World"s "Most Bearish Hedge Fund" Suffers Worst Month In History, Refuses To Capitulate

“In my view, the Trump election has made a large Chinese devaluation more likely. Mainland Chinese investors are desperately trying to get out of the Yuan, and the People’s Bank of China is trying to defend the value of the Yuan. They are doing this b.....»»

Category: blogSource: zerohedgeDec 12th, 2016

London Markets: FTSE 100 suffers steepest fall in 9 weeks as Fed, China weigh

U.K. stocks are shoved down Friday, as the market’s appetite for risk is hurt by talk of higher U.S. interest rates, weak Chinese inflation figures and inaction by the European Central Bank......»»

Category: topSource: marketwatchSep 9th, 2016

Oversea-Chinese Banking Corp. Limited (SGX:O39) $247M Loan Allowance

Oversea-Chinese Banking Corp. Limited (SGX:O39) $247M Loan Allowance Offshore shipping woes have increased loan provisions at Singapore lender OCBC in the first half. The bank said net allowances fo.....»»

Category: topSource: livetradingnewsAug 8th, 2017

Jordan"s king meets with Abbas as Palestinian-Israeli tensions flare

Ramallah (Palestinian Territories) (AFP) - Jordan's King Abdullah II began a rare visit to the occupied West Bank to meet Palestinian president Mahmud Abbas on Monday, amid shared tensions with .....»»

Category: topSource: businessinsiderAug 7th, 2017

Barclays suffers $1.6 bn loss from Africa sale

The British bank said it made a 1.4 bn pound loss on sale of 33% of Barclays Africa Group.....»»

Category: topSource: business-standardJul 28th, 2017

National Australia Bank Ltd. (ASX:NAB) Suffers Payment Processing Glitch

National Australia Bank Ltd. (ASX:NAB) Suffers Payment Processing Glitch National Australia Bank says it has resolved an issue that delayed Centrelink and other payments from showing up in customers’ accounts. Users started reporting missing .....»»

Category: topSource: livetradingnewsJul 27th, 2017

In The Already Saturated Market Of Southern California, Can Another Chinese-American Bank Succeed?

In The Already Saturated Market Of Southern California, Can Another Chinese-American Bank Succeed?.....»»

Category: topSource: seekingalphaJul 26th, 2017

Chinese conglomerate"s ownership revealed - and governments are watching

HNA Group had its start as a small airline, and has now evolved into a giant, global conglomerate with stakes in big names like Deutsche Bank and Hilton.....»»

Category: topSource: moneycentralJul 25th, 2017

A huge Chinese conglomerate just revealed its ownership - and a lot of governments are watching

HNA Group had its start as a small airline, and has now evolved into a giant, global conglomerate with stakes in big names like Deutsche Bank and Hilton.....»»

Category: topSource: moneycentralJul 25th, 2017

Chinese Yuan (CN¥) Further Gains Restricted

China’s yuan firmed against the US dollar on Monday, buoyed by a stronger central bank guidance, but traders said further gains were likely to be restrained by corporate dollar demand .....»»

Category: topSource: livetradingnewsJul 24th, 2017

When the (empty) apartment next door is owned by an oligarch

Russian oligarchs, Brazilian bank accounts and Chinese businessmen can be traced back to some troubles in the housing market, according to the New York Times......»»

Category: realestateSource: cnbcJul 24th, 2017

HNA Finds Wall St.’s Enthusiasm for Chinese Conglomerates Is Cooling

The big American bank is walking away for now because it said it was concerned about the HNA’s structure, ownership and complex model......»»

Category: dealsSource: nytJul 19th, 2017

HNA Finds Wall St.’s Enthusiasm for Big Chinese Conglomerates Is Cooling

The big American bank is walking away for now because it said it was concerned about the HNA’s structure, ownership and complex model......»»

Category: dealsSource: nytJul 19th, 2017

Chinese Yuan (CN¥) Strengthens Against US Dollar ($)(CNYUSD)

China’s yuan firms on stronger fixing, Q2 GDP data shrugged off China’s yuan, which has firmed against the U.S. dollar the past five sessions, strengthened again on Monday after the central bank lifted its off.....»»

Category: topSource: livetradingnewsJul 17th, 2017

Asia Markets: China stocks sink after central bank’s liquidity injection

Chinese equity markets tumbled shortly after trading began on Monday, dragged down by a plunge in small-cap stocks after an injection of liquidity by the nation’s central bank spooked investors......»»

Category: topSource: marketwatchJul 17th, 2017

China trade talks; More bank earnings; Carrier layoffs

1. U.S and China officials meet: The Trump administration will sit down with Chinese officials this week to hammer out their important economic agenda......»»

Category: topSource: cnnJul 16th, 2017

UBS"s Chinese subsidiary granted local private fund license

ZURICH (Reuters) - UBS's Chinese asset management subsidiary has been granted a license to manage money for institutions and wealthy investors onshore in China, part of the Swiss bank's efforts to stock up on local licenses......»»

Category: topSource: reutersJul 13th, 2017

Frothy Asia

CHINESE YUAN The Chinese yuan rose 0.2 percent, reflecting a broadly weaker dollar and a higher mid-point set by the People's Bank of China. There was muted reaction to solid Chinese trade numbers released earlier in the day, although the data reinforced .....»»

Category: topSource: marketpulseJul 13th, 2017