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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......»»
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......»»
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.....»»
China Wants To Build A Grains "Superhighway" In ArgentinaÂ
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.....»»
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.....»»
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......»»
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 ......»»
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,.....»»
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......»»
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......»»
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......»»
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.....»»
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.....»»
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.....»»
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.....»»
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.....»»
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.....»»
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......»»
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.....»»
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.....»»