Bank of China Ltd.’s estimate for the carnage to retail investors from the collapse in a product linked to U.S. crude oil futures surged 11-fold to more than 7 billion yuan ($1 billion) as it…
FINANCE
China’s Bank Bailouts Are Even Scarier Than They Look
Acknowledging the growing balance sheet problems among small and medium lenders, China’s banking and insurance regulator says it’s working on a reform plan and will become more vigilant about … ( read original story …)
Asia Today: China reports 11 new virus cases, no deaths
China on Sunday confirmed 11 more cases of the coronavirus and no new deaths for the 11th day in a row. Five of the new cases were in Heilongjiang province, a northeastern border area with…
Trump owed tens of millions to Bank of China
This article and headline were updated to include comment from the Bank of China and additional reporting. Donald Trump is warning “China will own the United States” if Joe Biden is elected president. ( read…
Trump attack on Biden highlights president’s own financial dealings with China
Trump Organisation’s far-flung real estate business has involved dealings with Chinese state-owned firms on several occasions … ( read original story …)
Airbnb booking data from China offers glimpse of a rebound
Data from AirDNA, a separate analytics firm, showed the number of bookings for the week of April 13 in 10 big Chinese cities, including Shanghai and Guangzhou, were up nearly 80% from the week of…
Donald Trump reportedly owes tens of millions to the Bank of China
Debt derives from 30% share the US president owns in a Manhattan building that was refinanced in 2012 … ( read original story …)
Trump’s Is Personally Indebted To China’s State-Owned Bank
But it’s not just Trump’s warm relationship with Xi that complicates his efforts to rewrite the narrative on China. It’s the tens of millions of dollars the president personally owes its government. ( read original…
Bank of China “deeply disturbed” about investors’ loss on oil products
Bank of China (BoC) said on Friday it was deeply disturbed by the losses of investors who had invested in its crude oil futures trading product and would work to protect their interests. Investors ……
Trump owes millions to Bank of China in loan refinance from 2012
President Trump’s attacks against Hunter Biden have been called into question because of his partial ownership of a New York City skyscraper that was refinanced with the Bank of China. ( read original story …)
UPDATE 3-Hungary, China sign loan deal for Budapest-Belgrade Chinese rail project
Hungary and China have signed a loan agreement to finance the construction of a railway link between Budapest and Belgrade, Finance Minister Mihaly Varga announced on Friday, kickstarting a project … ( read original story…
Coronavirus latest: Bank of America sees opportunities in ‘humiliated’ energy assets
Bank of America has advised clients that now is a good time to buy ‘humiliated’ oil … China’s top envoy to the EU has hit back at allegations that Beijing is spreading disinformation over the…
Trump ‘Owes Tens of Millions’ to State-Owned Bank of China
Reporter President Trump’s re-election campaign recently attacked Joe Biden for being too close to China, insinuating there was some kind of murky financial link between Beijing and the former VP’s … ( read original story…
