Tag: finance

VANCOUVER—Royal Bank of Canada customers who wish to wire payments to Taiwan will find it listed as a “province of China” on its website. The bank’s designation is coming to light after a similar move made by Air Canada to change the name of ... ( read original story ...)

Lending to Pakistan by China and its banks is on track to hit $5 billion in the fiscal year ending in June, according to recent disclosures by officials and Pakistan finance ministry data reviewed by Reuters. The ramp up in China’s lending comes as the ... ( read original story ...)

(Reuters) - Tesla Inc (TSLA.O) on Friday announced a number of key executive hires including former GE and General Motors executive James Zhou as its China CFO and Neeraj Manrao, a former Apple executive, as director of energy manufacturing. Zhou ... ( read original story ...)

The rule will take effect from July 1, with three news indicators introduced to gauge liquidity risks, according to the China Banking and Insurance Regulatory Commission. One of the three new gauges is the net stable funding ratio, which measures banks ... ( read original story ...)

More than half of some Bank of China clients who applied for a tourist visa had it approved within one business day in the past two years, after an agreement to fast-track them. Immigration New Zealand introduced a streamlined visa process for the banks ... ( read original story ...)

They may prefer setting up joint ventures as a path to the core of the financial sector. The People’s Bank of China said that last year domestic payment institutions processed 169 trillion yuan (£19.6 trillion), compared with 18 trillion yuan five years ... ( read original story ...)

... introduced a streamlined visa process for the bank's private banking or prestigious wealth management customers two years ago. It has since also signed a similar deal with China UnionPay for its Platinum or Diamond credit card holders. The Bank of ... ( read original story ...)

BEIJING: The People’s Bank of China, the country’s central bank, said Thursday it had extended a currency swap agreement with the State Bank of Pakistan. The swap is sized at 20 billion yuan (3.1 billion U.S. dollars) or 351 billion Pakistani rupees ... ( read original story ...)

The defaults continued in May. While the amounts are a drop in the bucket of the overall industry, analysts said defaults were set to grow this year and beyond as China's central bank tightened up on monetary policy. Observers said the tightening would ... ( read original story ...)

ISLAMABAD (Reuters) - China has given Pakistan a credit line worth $1.6 billion to stave off a balance of payments crisis, two Pakistani central bank sources said on Thursday, with cash earmarked for boosting fast-depleting foreign currency reserves. ( read original story ...)