ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch bank cut 800 jobs. ( read original story…
Tagged By banking
HSBC banking on Greater Bay Area to reverse fortunes
Yet, for all the challenges, HSBC is right to bank on China, no pun intended. Since its on-again, off-again job cuts and restructuring programme four months ago, it has kept its cards close to its…
US sanctions: economist Yu Yongding flags risk of Chinese bank assets being seized overseas
As risk of an all-out financial war between United States and China grows, heavyweight economist Yu Yongding says Beijing must prepare for worst-case scenario. ( read original story …)
Recap: China Yuchai Q2 Earnings
Shares of China Yuchai Intl (NYSE:CYD) moved lower by 0.6% after the company reported Q2 results.Quarterly Results Earnings per share were up 63.46% over the past year to $0.85, which beat the … ( read…
China Yuchai: 2Q Earnings Snapshot
China Yuchai shares have climbed nearly 2% since the beginning of the year. The stock has declined slightly more than 2% in the last 12 months. _____ This story was generated by A … (…
China’s Kingold Jewelry Delisting From Nasdaq, Shares Plunge
The plunge means Kingold’s Nasdaq-traded shares have lost almost 60% of their value since a report in Chinese business media in June alleged it had obtained loans using fake gold bars as collateral. ( read…
Trump’s TikTok and WeChat Ban Could Backfire Inside China
The WeChat app in Trump’s bullseye is essential for doing business inside China—and there is scant evidence TikTok’s founder is a close ally of Beijing. ( read original story …)
As Beijing Pushes To Discuss TikTok, WeChat Bans In Trade Talks, White House Reportedly Explores Removing TikTok From App Stores
Chinese officials are pushing to include the U.S. government’s crackdowns against TikTok and WeChat in upcoming trade talks. ( read original story …)
COLUMN-China’s booming metal imports an echo of the last crisis: Andy Home
China’s imports of industrial metals are booming. Refined copper imports hit an all-time high of 494,000 tonnes in June and accelerated again in July with the preliminary trade figures implying … ( read original story…
China Yuchai International Announces Unaudited Second Quarter 2020 Financial Results
PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (‘China Yuchai’ or the ‘Company’), a leading manufacturer … ( read original story …)
China will step up policy support for foreign trade and foreign investment
The government will provide financial support for key foreign-funded firms and expand export credit to smaller foreign trade companies … ( read original story …)
State Department Under Secretary Keith Krach on US and China’s tech tensions
Keith Krach, State Department Under Secretary of State for Economic Growth and former CEO at DocuSign, joins “Squawk Box” to discuss the rising tensions between the U.S. and China as Chinese tech … ( read…
ABN Amro Exits Trade, Commodity Finance in Corporate Bank Shake-Up
ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch bank cut 800 jobs. Shares in ABN, which…
