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Chinese state-owned automaker FAW Group gets $144 billion credit line

China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth over 1 trillion yuan ($144 billion), but did not give specific reasons as to why it wanted to secure access to such a large amount of funding......»»

Category: topSource: reutersOct 25th, 2018

Qatar Airways in talks with banks for billions of dollars in loans: sources

Qatar Airways is in talks with banks for loans worth billions of dollars, three sources familiar with the matter said, as the state-owned airline readies to begin rebuilding its network that has been crushed by the coronavirus pandemic......»»

Category: topSource: reutersMay 7th, 2020

Tesla Reportedly Borrowing $1.4B From Chinese Banks For Shanghai Factory

Tesla Inc (NASDAQ: TSLA) is taking on a 10-billion-yuan ($1.4 billion) loan from Chinese banks for its Shanghai factory, Reuters 0 read more.....»»

Category: blogSource: benzingaDec 23rd, 2019

China Wants To Build A Grains "Superhighway" In Argentina 

China has stepped away from US agriculture imports and said it would bid on a project that could create a grains superhighway in Argentina, reported Reuters. Chinese state-owned construction company (CCCC) is readying a bid that would allow it to dredg.....»»

Category: blogSource: zerohedgeAug 21st, 2019

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged

USD/CNY (CNY=X) China’s new yuan loans shrink, M2 growth unchanged Chinese banks extended 1.15 trillion yuan (about 179.7 billion U.S. dollars) in new yuan-denominated loans in May, edging down from 1.18 trillion yuan in Ap.....»»

Category: topSource: livetradingnewsJun 12th, 2018

China"s ChemChina, Sinochem set to merge: Caixin

BEIJING (Reuters) - Chinese state-owned Sinochem and ChemChina will merge to create a new company, to be headed by Sinochem chief Ning Gaoning, financial publication Caixin reported on Saturday, confirming an earlier Reuters report......»»

Category: topSource: reutersJun 30th, 2018

Alibaba, Tencent lead $1.5 billion investment in China media group CMC

SHANGHAI/BEIJING (Reuters) - Chinese state-backed media group CMC Inc said on Tuesday it raised around 10 billion yuan ($1.49 billion) in a fundraising round from investors including tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd ......»»

Category: topSource: reutersJul 3rd, 2018

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, TSLA, PZZA, GOOG, HMNY)

Reuters/Amr DalshHere is what you need to know. Chinese policymakers are moving to shore up economic growth. A statement released by China's State Council on Tuesday said policymakers were taking steps intended to support economic growth,.....»»

Category: topSource: businessinsiderJul 24th, 2018

Market Extra: China shores up the yuan, soothing devaluation fears

Chinese authorities move to shore up the yuan on Thursday, news reports say, by draining liquidity from the offshore traded currency via restrictions on Chinese banks......»»

Category: topSource: marketwatchAug 16th, 2018

One trillion yuan: China state carmaker FAW gains huge credit line

China's state-owned automaker FAW Group said it signed a deal with 16 banks for a credit line worth more than 1 trillion yuan ($144 billion), an eye-catching amount analysts said was mostly symbolic, albeit an important signal of government support......»»

Category: topSource: reutersOct 25th, 2018

Exclusive: HNA in talks with bad debt firm Cinda as it extends $43 billion asset sales - sources

Chinese conglomerate HNA Group has turned to state-owned China Cinda Asset Management Co , among the country's largest bad debt managers, for advice on asset disposals, people with knowledge of the matter told Reuters......»»

Category: topSource: reutersNov 22nd, 2018

Shanghai: SSE Composite Index (.SSEC) vulnerable to a correction towards 2,641.17

Shanghai: SSE Composite Index (.SSEC) vulnerable to a correction towards 2,641.17 Chinese shares marked their lowest close in four years on Thursday, dragged down by Sinopec which fell after Reuters reported that the state-owned oil giant.....»»

Category: topSource: livetradingnewsDec 27th, 2018

Chinese companies selling on U.S. sites will be able to get paid in yuan instead of dollars

Chinese companies will soon be able to get paid in yuan instead of dollars when selling products through U.S. online sites, acco.....»»

Category: topSource: usatodayJan 13th, 2019

An Ohio state representative is trying to block the state"s $5 million vaccine lottery

Ohio Rep. Jena Powell told CNN's "New Day" on Monday that the COVID-19 vaccine lottery is a "gross misuse of taxpayer dollars." Dado Ruvic/Reuters An Ohio state lawmaker says she'll try to block the state's vaccine lottery.....»»

Category: dealsSource: nytMay 24th, 2021

Alaska"s GameStop stake soared over 700% last quarter - and its Tesla bet has gone from $0 to $85 million in 18 months

The state's revenue department owned 37,000 GameStop shares worth over $7 million at the end of March. Alaskan sled dogs. Reuters/Nathaniel Wilder Alaska benefited from the GameStop buying frenzy in January.The.....»»

Category: smallbizSource: nytApr 20th, 2021

Tesla Faces Shanghai Auto Show Protest From Woman Who Claims Family Almost Died In Accident

Tesla Inc (NASDAQ: TSLA) booth at the Shanghai Auto Show had a surprise protestor climb onto a red Model 3 before being arrested, as per Chinese state-owned media Global Times. read more.....»»

Category: blogSource: benzingaApr 19th, 2021

Have Chinese State Banks Quietly Bought $180 Billion In Gold?

Have Chinese State Banks Quietly Bought $180 Billion In Gold? By Ye Xie, Bloomberg Live commentator and author Three things we learned last week: 1.....»»

Category: personnelSource: nytApr 18th, 2021

Dow hits record as US banks less exposed to hedge fund"s liquidation

The Dow Jones Industrial Average rallied to record highs Monday despite selling pressure in financials and elsewhere after a large hedge fund was forced to unwind billions of dollars in positions......»»

Category: topSource: foxnewsMar 29th, 2021

China arrested a scammer whose gang made $3 million from selling water as COVID-19 vaccine shots

Kong Mou is accused of selling 58,000 syringes filled with salt water, which he said were coronavirus vaccines, Chinese state media reported. An employee inspects syringes of the vaccine for COVID-19 produced by SinoVac at its factor.....»»

Category: dealsSource: nytFeb 16th, 2021

Chinese troops are learning battlefield English to talk to "enemy" troops in the disputed South China Sea

According to a report by state-owned English-language broadcaster China Global Television Network, the skill is "essential" and "must be picked up." Chinese troops patrol at Woody Island, in the Paracel Archipelago, January 29, 20.....»»

Category: personnelSource: nytJan 19th, 2021