The Central Bank of Nigeria (CBN) announced the signing of a $2.5 billion currency swap agreement with China in April 2018. The CBN Governor, Mr. Godwin Emefiele, had then explained that the deal was ……
Tagged By finance
China, Iran delegations meet amid efforts to preserve 2015 nuclear deal
Germany, Britain, France, China, Russia and the European Union have been trying … Germany and Britain to allow businesses to skirt direct financial transactions with Iran, and thereby evade possible … ( read original story…
Alibaba boosts stake in investment bank CICC for $231 million
SINGAPORE (Reuters) – China’s e-commerce giant Alibaba Group Holding Ltd has raised its stake in top domestic investment bank China International Capital Corp’s Hong Kong-listed shares to … ( read original story …)
HSBC profit disappoints as China, Britain weakness poses challenge
An economic slowdown in China, exacerbated by its trade war with the United States, poses a challenge to HSBC’s strategy of pouring more resources into Asia where it already makes over three quarters … (…
HSBC profits hit by China slowdown
HSBC has reported a lower-than-expected 15.9% rise in pre-tax profits for 2018, partly because of an economic slowdown in China and Hong Kong. Europe’s largest bank made $19.9bn (£15.4bn) before tax l… ( read original…
Bank of China : China pledges more support for banks’ perpetual bonds to boost lending
BEIJING (Reuters) – China will provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help boost lending in the economy, a … ( read…
China’s central bank sells net 1.2 bln yuan in FX in Jan
BEIJING, Feb 19 (Reuters) – China’s central bank sold a net 1.2 billion yuan worth of foreign exchange in January, according to Reuters calculations based on central bank data released on Tuesday. The … (…
China pledges more support for banks’ perpetual bonds to boost lending
Perpetual bonds could potentially convert the debt into equity as more banks actively prepare to sell such bonds, Pan Gongsheng, vice governor of the People’s Bank of China (PBOC), told … ( read original story…
China pledges more support for banks’ perpetual bond issuance
BEIJING (Reuters) – China will provide further support for banks’ perpetual bond issuance, including examining ways to broaden the investor base for such bonds, to help enhance lenders’ support for th… ( read original story…
Daqo New Energy Obtains RMB 450 million Loan Approval from Bank of China
SHIHEZI, China, Feb. 19, 2019 /PRNewswire/ — Daqo New Energy Corp. DQ, -12.50% (“Daqo New Energy”, the “Company” or “we”), a leading manufacturer of high-purity polysilicon for the global solar PV in… ( read original…
A China Interest-Rate Cut May Be on its Way. But Which Rate?
(Bloomberg) — China’s slowing economy and muted inflation are spurring predictions the central bank will act to lower borrowing costs. Problem is, analysts can’t agree on which rate is the one most l… ( read…
Bank Of America: Oil ‘Anchored’ Until 2024
The potential for a “hard landing” in China is the largest downside risk to Bank of America’s medium-term oil market forecast. At the same time, it isn’t just the prospect of a global … (…
Should You Be Tempted To Sell China Art Financial Holdings Limited (HKG:1572) Because Of Its P/E Ratio?
Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! This article is written for those who want to get better at using price to…
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