Among the steps, Scheer will call on Trudeau to cut Canada’s funding to China’s Asian Infrastructure Investment Bank, to which the government has committed $256 million over five years. ( read original story …)
FINANCE
Chinese bank profits rise, but so do bad loans
Industrial & Commercial Bank of China (ICBC) — the world’s largest bank by assets and several other yardsticks — posted a net profit of 82.0 billion yuan in the January-March period, up 4.1 percent. (…
MGM China Reports 2019 First Quarter Financial Data
Adjusted EBITDA Up 27% Year-on-Year Continued to Grow Market Share Sequentially Extended Gaming Sub-Concession to 2022 HONG KONG, April 30, 2019 /PRNewswire/ — MGM China Holdings Limited (“MGM … ( read original story …)
Weak Asia Data Greets U.S. Trade Negotiators Nearing China Deal
China’s manufacturing purchasing managers index stood at … first three months of last year and due to external uncertainties, according to the city’s financial secretary. Story continues There will … ( read original story …)
Asian shares fall as China manufacturing data disappoints
Japan’s financial markets remain closed for a national holiday as Japanese Emperor Akihito prepares to abdicate on Tuesday in favour of his elder son, Crown Prince Naruhito. Even before the China data … ( read…
Liquidity crunch: How private giants fall in China
As of last September, the most recent financial data available, the group was carrying 232 billion yuan in debt, 63% of it due within a year. As with other fast-growing private conglomerates such as ……
Pull Canadian investment in China development bank over canola ban, Scheer urges Trudeau
Key among them was for the government to yank back the $256 million over five years it committed to Beijing’s multilateral development bank in 2017. That investment in the bank was billed as … (…
Scheer demands the Liberals to do more in retaliating against China’s canola ban
and increase financial support for farmers. Citing unproven concerns about pests, China has rejected Canadian canola seed shipments in recent months and has suspended the licences of two major … ( read original story …)
China’s South China Sea strategy takes a hit as the US Navy threatens to get tough on Beijing’s sea forces
“made it very clear” to his Chinese counterpart in January that “that the US Navy will not be coerced,” the Financial Times reported, citing an interview with the Navy’s top admiral. “By injecting … (…
Scheer to demand Canada pull funds from Chinese multilateral development bank
including pulling hundreds of millions of dollars Ottawa has committed to Beijing’s multilateral development bank. The Canadian Press has learned Scheer will also use a news conference to demand that … ( read original story…
US reportedly warns China over hostile non-naval vessels in South China Sea
The head of the U.S. Navy warned China that hostile behavior from its coast guard and fishing boats will not be treated any differently from the Chinese navy, the Financial Times reported on Sunday. ……
China’s inclusive financial loans grow faster
BEIJING – China’s inclusive financial loans sped up in the first quarter of 2019, said the central bank in a report. The outstanding inclusive financial loans amounted to 15.57 trillion yuan ($2.31 … ( read…
China’s Biggest Banks Post Higher Profits Amid Fresh Loan Push
(Bloomberg) — China’s largest lenders posted increases in first-quarter profit and higher interest income as authorities encouraged fresh lending to support the economy. Industrial & Commercial Bank … ( read original story …)
