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…
Tagged By finance
China gives Pakistan $1.6 billion credit line to boost currency reserves – central bank sources
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…
Bank of China uses blockchain technology to combat poverty in Tibet
According to a survey conducted by the World Bank in 2015, more than 700 million people are living without sufficient money to fulfill their basic necessities or afford a considerably comfortable in a society like…
Deutsche Bank to slash more than 7,000 jobs; chairman survives revolt – as it happened
Umpteen thousands of Deutsche Bank workers will be more concerned about their own … With trade war fears with China still circulating, Trump aggravating the global community with potential tariffs on the automobile industry and…
UBS combines China, Hong Kong banks as it appeals to keep licence to sponsor Hong Kong IPOs
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
CORRECTED-Pakistan doubles size of currency swap agreement with China – central bank
ISLAMABAD, May 24 (Reuters) – China has increased the size of a currency swap agreement with Pakistan by 10 billion yuan ($1.57 billion), two Pakistani central bank sources said on Thursday, with cash earmarked for…
Local Bank Rolls Out Red Carpet for Chinese Business Community
As such, the bank continues to cement its strong ties with Chinese business community, further enhancing Namibia/China business relations in the country. To this end, the bank recently hosted an engagement for the Chinese community,…
UBS combines China, Hong Kong banks as it fights to keep licence in world’s biggest IPO destination
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal…
China on Reserve Bank watch-list
Governor Lowe noted that while the ascent of the Chinese economy has been positive for Australia, it is also not without its risks: “If a major economic shock were to originate from China over the…
China Is Sitting On $3 Trillion In Currency Reserves, But Is That Enough?
With questions mounting about the health of China’s banking system, one figure in the spotlight is the adequacy of China’s foreign currency reserves. Since the government owns nearly all the banks, the Chinese government is…
Philip Lowe on why the RBA is watching China’s debt mountain so carefully
Reserve Bank of Australia governor Philip Lowe has appealed for calm over Australia’s increasingly troubled political relationship with China, while warning that its ballooning debt mountain and opaque financial system pose a threat to prosperity…
Australia’s central bank chief warns over China debt risk
Australia’s central bank chief has warned China’s mounting debt poses a grave economic threat, with broadening trade ties between the two countries exposing more industries to the risk. Total debt has ballooned in China from…
UBS Appoints Joint Heads for Greater China
UBS has had a presence in China since 1989 and its investment bank is considered a market leader. The Swiss bank recently reinforced that position by submitting plans to increase its stake in UBS Securities…
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