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FINANCE
China tackles worries about Belt and Road debt as it notches a Swiss endorsement
Switzerland and China have signed a memorandum of understanding for cooperation on trade, investment and finance for projects in third countries along the routes of the Belt and Road Initiative. The … ( read original…
China says to further open up banking and insurance sectors
BEIJING (Reuters) – China will further open up its banking and insurance sectors, the country’s top banking and insurance regulator said in comments published on Wednesday. Guo Shuqing, chairman of … ( read original story…
FUREY: Huawei spat or not, let’s ask why Canada is part of China’s big bank
It’s time to hit back against China as the Huawei spat continues — that’s the message Conservative leader Andrew Scheer delivered to Canadians at a news conference on Monday. The latest … ( read original…
Trudeau promises aid for canola farmers hurt by China import ban
Canadian Prime Minister Justin Trudeau on Tuesday said Ottawa would soon announce help for canola farmers hurt by a China ban on imports of the oilseed but brushed off calls to pull funding for a…
Scheer demands Canada pull funds from Chinese multilateral development bank
OTTAWA—Conservative Leader Andrew Scheer is calling on Prime Minister Justin Trudeau to answer China’s ban on Canadian canola shipments by pulling hundreds of millions of dollars Ottawa has committed … ( read original story …)
China sentences second Canadian to death
The moves were widely seen as punishment for Canada’s arrest of Meng Wanzhou, chief financial officer of the Chinese telecom company Huawei. China has also suspended the license of two major Canadian … ( read…
WRAPUP 1-China’s big banks post modest Q1 profit growth
Net profits at the country’s so-called Big Five banks, led by Industrial and Commercial Bank of China Ltd (ICBC) , grew by more than 4 percent in the January-March quarter from a year earlier. The…
Tensions with China ‘do not play out in our project at all’: LNG Canada CEO
OTTAWA — The head of LNG Canada says Ottawa’s trade and diplomatic frictions with Beijing have had no impact on the massive project that will one day ship liquefied natural gas from British Columbia ……
Four’s the Magic Number for China’s Banks
China’s banks doled out a fifth more loans in the first quarter than a year earlier, so profit increases shouldn’t be surprising. What’s striking is just how small – and similar – those gains are.…
Andrew Scheer demands Canada pull funds from Chinese development bank in retaliation for canola ban
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 …)
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 …)
