PM Narendra Modi in China, PM Modi Meeting with Xi Jinping, Putin Live Updates: “Peace and stability is maintained along border following disengagement,” Modi said to Xi at the bilateral meet. He also …
FINANCE
‘We are working closely with China within BRICS’: Putin backs stronger bloc role
In an interview with Xinhua News Agency, ahead of the upcoming 25th Shanghai Cooperation Organisation (SCO) Summit taking place in the Tianjin municipality of China, the Russian President underlined …
PM Modi in China Live Updates: Modi, Xi & Putin come together to give Trump a message – BRICS takes centrestage
For India, it is an opportunity to push for better trade links, stronger connectivity, and joint efforts against terrorism, while carefully managing pressure from Washington.
China’s Biggest Bank Posts Profit Drop as Impairments Rise
Industrial & Commercial Bank of China Ltd., China’s largest bank, posted a decline in profits in the first half of the year as it contends with a persistent drop in margins and rising loan losses.
China’s big banks hit by soaring loan defaults
The top five banks in China are likely to announce disappointing results in several areas of their operations, with an economic slowdown …
Top China bank ICBC posts 1.4% H1 profit fall
Industrial and Commercial Bank of China Ltd (ICBC), (ICBC), the world’s largest lender by assets, reported on Friday a 1.4% drop in the first-half net profit.
China’s stock market outpaces global peers as local investors pile in
Stock markets in the US, Japan and Europe are trading at all-time highs as investors pile into equities, defying the warnings of many economists about the negative impact that US trade policy will …
A $23 Trillion Cash Pile Holds Key for Chinese Stocks’ Bull Run
The benchmark CSI 300 Index has been on a tear, rising 10% in August to be one of the world’s best-performing equity gauges amid a liquidity-driven surge. While hedge funds have been active in the…
Banking blackout — Beijing bans 2 Lithuanian lenders in … – MSN
China has taken strong action against two European Union banks, in a move that signals rising tensions between Beijing and Brussels. The measures were announced by China’s Ministry of Commerce …
Profitability pressure grows for China’s state banks amid low rates, poor loan demand
All six state banks, including ICBC and China Construction Bank, report lower margins alongside small reductions in bad loans.
Don’t envy Nvidia CEO Jensen Huang—he’s hamstrung by Washington and Beijing
“Nvidia is squeezed between Washington and Beijing,” she says. “Washington has indicated, ‘Go forth and sell [Nividia’s] H20 chips,’ but Beijing seems to be pressuring domestic firms not to buy.” That …
China’s major lenders report weaker profit margins as rate cuts weigh
China’s major state-owned banks reported weaker first-half net interest margins amid lower interest rates as the world’s second largest economy grapples with deflation and global economic volatility.
China’s big banks warn of more margin pressure in the second half
China’s major state-owned banks have warned net interest margins will face increased pressure for the rest of the year as the world’s second-largest economy grapples with deflation and global economic …
