Deutsche Bank AG said it has reached a $7.2 billion agreement to resolve a years-long US investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fueled investor angst. Deutsche Bank will pay…
Tagged By china
China Central Bank Extends Emergency Loans to Financial Firms
China’s central bank extended hundreds of billions of yuan in emergency loans to financial firms on Friday and ordered some of the country’s biggest lenders to extend credit as well, as it moved to ease…
Global green bond market tipped to reach US$100bn in 2017, with China seen maintaining its lead
“China has grown from almost no issuance two years ago to the world’s largest green bond issuer this year,” Laurent Morel, Asia Pacific head of debt capital markets at French bank Societe Generale, told the…
BRIEF-Bank of Zhengzhou says CSRC accepts application materials for A share offering
Dec 23 Bank of Zhengzhou: * Acceptance by China Securities Regulatory Commission of application materials for the A share offering Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; ) Next…
UPDATE 1-China treasury yields ease after calming c.bank liquidity injection
BEIJING Dec 16 China’s central bank made a larger than expected liquidity injection on Friday morning, helping push treasury yields down after interbank markets tightened following the U.S. Federal Reserve’s rate hike on Thursday. The…
Fonterra strikes $200 million facility agreement with Bank of China
Fonterra, the world’s largest dairy exporter, said the facility provided diversity in its yuan funding sources for its operations in China, its largest market. “Bank of China has strong liquidity in renminbi and its local…
China syndicated loans hit record; Big Singapore property loan
Shaanxi Yanchang Petroleum Group has signed a RMB 15.3 billion facility through sole mandated lead arranger Bank of China. Syndication saw Agricultural Bank of China, Bank of Communications, China CITIC Bank International, China Construction Bank…
FBI probes bank regulator FDIC hack linked to China's military: sources
Washington: The FBI is investigating how hackers, believed sponsored by China’s military, infiltrated computers at a US federal agency that regulates commercial banks for several years beginning in 2010. The agency, the Federal Deposit Insurance…
China makes progress in building government financial report system
China has made headway in its plan to build a comprehensive government financial report system in a bid to raise fiscal transparency, according to an official report released Friday. At present, the country has started…
China's Year Of Virtual Reality
My company Niko Partners estimates China’s VR hardware 2016 market size will hit $300 million by the end of this month with mobile VR being the unequivocal leader in terms of hardware unit sales. Virtual…
China to Set Communication Standard for Post-2018 Driverless Cars, Industry Official Says
China’s aim to establish a national standard could speed the implementation of driverless cars in the world’s biggest auto market. According to News 18, this is in contrast to the patchwork of state laws and…
Dogs saved from slaughter at meat festival in China make new home in Ottawa
After travelling halfway around the world, 10 dogs rescued from a meat festival in China are getting settled at foster homes in Ottawa. The dogs are part of a larger group of 110 dogs that…
Alibaba-Backed China Retailer Suning Wins Approval To Set Up Bank
Suning Commerce Group, the big China appliance retailer whose investors include China e-commerce leader Alibaba Group, has received regulatory approval to set up a bank. The China Banking Regulatory Commission on Tuesday said Jiangsu Suning…