ISLAMABAD (Reuters) – China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting…
Monthly Archives For May 2018
Bank of China uses blockchain technology to combat poverty in Tibet
According to a survey conducted by the World Bank in 2015, more than 700 million people are living without sufficient money to fulfill their basic necessities or afford a considerably comfortable in a society like…
Deutsche Bank to slash more than 7,000 jobs; chairman survives revolt – as it happened
Umpteen thousands of Deutsche Bank workers will be more concerned about their own … With trade war fears with China still circulating, Trump aggravating the global community with potential tariffs on the automobile industry and…
UBS combines China, Hong Kong banks as it appeals to keep licence to sponsor Hong Kong IPOs
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
CORRECTED-Pakistan doubles size of currency swap agreement with China – central bank
ISLAMABAD, May 24 (Reuters) – China has increased the size of a currency swap agreement with Pakistan by 10 billion yuan ($1.57 billion), two Pakistani central bank sources said on Thursday, with cash earmarked for…
Local Bank Rolls Out Red Carpet for Chinese Business Community
As such, the bank continues to cement its strong ties with Chinese business community, further enhancing Namibia/China business relations in the country. To this end, the bank recently hosted an engagement for the Chinese community,…
GM Is Building Cheap Cars for China’s Masses
GM is making a similar play in China, with Baojun as the Chevy. “If the smaller cities are growing faster than major cities, we’re positioned for it,” says GM President Dan Ammann. “We’re the only…
China’s Li says German companies welcome amid US trade spat
That is one area in which Washington and Berlin agree China is violating its free-trade commitments. Merkel was accompanied by an 18-member business delegation representing chemicals, pharmaceuticals, auto manufacturing and other industries. Li repeated ……
UBS combines China, Hong Kong banks as it fights to keep licence in world’s biggest IPO destination
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
Beijing regrets US disinviting it from naval drill over militarization of the South China Sea
China’s Defence Ministry expressed regret on Thursday after the United States withdrew an invitation to China to attend a major U.S.-hosted naval drill. The Rim of the Pacific exercise, known as RIMPAC and previously attended…
China on Reserve Bank watch-list
Governor Lowe noted that while the ascent of the Chinese economy has been positive for Australia, it is also not without its risks: “If a major economic shock were to originate from China over the…
China Is Sitting On $3 Trillion In Currency Reserves, But Is That Enough?
With questions mounting about the health of China’s banking system, one figure in the spotlight is the adequacy of China’s foreign currency reserves. Since the government owns nearly all the banks, the Chinese government is…
Philip Lowe on why the RBA is watching China’s debt mountain so carefully
Reserve Bank of Australia governor Philip Lowe has appealed for calm over Australia’s increasingly troubled political relationship with China, while warning that its ballooning debt mountain and opaque financial system pose a threat to prosperity…
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