finance

United States insurer Metlife agreed to sell its Taiwan unit to Chinatrust Financial for US$180 million, giving Chinatrust its long sought-after entry into the sector. "The acquisition will be positive for Chinatrust in the longer term, as it can leverage its strong banking ...
China doesn't need another interbank network for credit cards, said the board chairman of China UnionPay Co Ltd - the country's only credit card network - in response to an anti-monopoly request from the United States to the World Trade Organization (WTO). "More interbank ...
China's Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) would close for trading for the incoming Tomb Sweeping Day that falls on April 5. The SSE will close from April 3 (Sunday) to April 5 (Tuesday) and open for trading on April 6 (Wednesday). It will also close ...
BNP Paribas, one of the world's six leading banks and the eurozone's largest bank by deposits held, doubled its revenue in China in 2010, said a senior executive on Tuesday. Clarence T'ao, chief executive officer of BNP Paribas (China) Ltd, told China Daily that the bank expects ...
China's watchdogs are considering new rules to encourage listed companies to share active profits with their shareholders, China Securities Journal reported Wednesday. The rules may require all listed companies with consecutive profits to pay yearly dividends based on a certain ...
China Life, the nation's largest life insurer, said Tuesday its net profit rose 2.3 percent year on year to 33.63 billion yuan (5.10 billion U.S. dollars) in 2010. Sales revenue increased 13.7 percent to 388.79 billion yuan. Earnings per share were 1.19 yuan, up 2.3 percent, ...
China's Southwest Securities Co., the country's leading brokerage, said Tuesday its profits fell 20 percent year on year in 2010 due to the lackluster performance of the country's stock markets and shrinking commissions. Net profits fell to 805.28 million yuan (122 million U.S. ...
Dependably dynamic: FirstBank opened its Chinese branch in Beijing in 2009 and is there to stay. [China Daily] In keeping with its pioneering efforts, First Bank of Nigeria Plc (FirstBank), the largest retail lender in the West African sub-region, has extended its footprints on ...
While other businesses chafe under China's restrictions on bank lending, Gong Chengwei sees a windfall. "For us, the credit controls are good news," said Gong, a peasant-turned-entrepreneur who runs Beijing GQWY Investment & Guaranty Co, which offers short-term loans to cash...
Currencies represent an increasingly popular way to capitalize on the up-and-down movements in the financial markets. Between 2004 and 2010, the daily turnover or volume in the forex market more than doubled from $1.9 trillion to $4 trillion. Previously limited to institutional ...
The central bank raised the reserve requirement ratio (RRR) by half percentage point to a historic high 20 percent for large lenders Friday, aimed to tame inflation by controlling lending growth. Market analysts said yesterday that there could be more rate hikes in the pipeline ...
A chief financial officer (CFO) at a multinational telecommunications group was directed to investigate how to optimize cash flow at customer contact centers, where clients also go to settle their bills. By looking deeply at the operations of the five sites, the finance chief ...
Critics of Mario Draghi may have few arguments to block his chances of becoming Europe's top central banker other than just mentioning the fact that he worked at Goldman Sachs for a number of years. So powerful is the memory of the financial crisis and the role that investment ...
The People's Bank of China (PBOC), China's central bank, announced on Friday that it would raise the bank reserve requirement ratio (RRR) by 50 basis points starting on March 25. The hike, the third this year and the ninth since the beginning of last year, is the latest move to ...
The People's Bank of China (PBOC), or the central bank, auctioned 50 billion yuan (7.61 billion U.S. dollars) of three-month bills at a yield of 2.7944 percent on Thursday, temporarily easing speculation of an approaching interest rate hike. The yield on three-month bills stood ...
Banks in Shanghai will face "harsh" punishment if they offer gold bars, shopping cards or cash to draw customers to deposit money with them, according to the city's banking regulator. Lenders are now banned from offering such gifts or raising deposit rates to entice customers to ...
Chinese commercial banks' balance and ratio of non-performing loans (NPLs) fell remarkably under the industry's risk control drive, the banking regulator said Wednesday. The balance and ratio of Chinese major commercial banks' NPLs stood at 364.6 billion yuan (55.5 billion U.S. ...
Chinese bankers were more confident of the economic outlook in China in the first quarter, indicated a central bank's survey released Wednesday. The banker confidence index hit 55.3 percent in the first quarter, up 1.9 percentage points from the fourth quarter last year, ...
Increasing inflation may be a risk for investors in India, but that market's sentiment-driven volatility can throw up cheap long-term investments for JPMorgan Emerging Markets Equity Fund, which is "overweight" in India. "In India, we can find businesses we want to own for a long ...
Investment firm Carlyle Group has set up a joint venture with maritime investment company Tiger Group to buy more than US$5 billion worth of shipping vessels. Its aim is to invest US$900 million in the next five years to buy containers, dry bulk carriers and other shipping assets...
Page 55 of 158 |< << 51 52 53 54 55 56 57 58 59 >> >|
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...