COPENHAGEN (Reuters) – Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark’s Saxo Bank to more than 50 percent in a deal that highlights China’s drive to tap the expertise of European…
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China’s Geely in $300 million deal to control Denmark’s Saxo Bank
COPENHAGEN (Reuters) – Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark’s Saxo Bank to above 50 percent in a $300 million-plus deal that highlights China’s drive to tap the expertise of…
China to cut bank reserve threshold
Beijing/Shanghai — China’s central bank says it is to reduce the amount of cash that lenders must hold as reserves from 2018, with the size of the cut linked to the flow of funding to…
China Makes Targeted Reserve Requirement Rate Cut to Boost Lending to Small Firms
China’s central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since February 2016 in a bid to encourage more lending to struggling smaller firms…
Can Duterte’s finance chiefs make him the great reformer?
Duterte’s financial team has two other goals in mind … Nestor Tan, chief executive of BDO Unibank Drawing closer to Beijing also means easier access to Chinese aid, whether in the form of capital from…
China is trying to juice its economy with even more debt
China is planning to pump even more credit into its economy despite fears about its massive buildup of debt. The country’s central bank moved over the weekend to allow commercial lenders to dish out more…
Robbers dig underground to enter China Bank in QC
Metro Manila (CNN Philippines, October 2) — It’s a scene straight out of a movie: Robbers dig an underground tunnel to steal from a branch of China Bank in Quezon City (QC). Supt. Tomas Nuñez,…
China commits financing for 12 PH infra projects
In a statement, the DOF said Finance Secretary Carlos G. Dominguez III told China’s commerce ministry officials in Beijing last week that there was “additional progress” in firming up the first basket of projects that…
Will China and Russia Make U.S. F-22 and F-35 Stealth Fighters Obsolete?
Will China and Russia Make U.S. F-22 and F-35 Stealth Fighters Obsolete? As Russia and China continue to improve their air defenses, stealth is increasingly becoming a perishable commodity. While stealth technology will not become…
Global financial institutions upgrade China’s economic growth forecasts
A bullet train drives in Qinzhou City, south China’s Guangxi Zhuang Autonomous Region, Aug. 1, 2016. China has built one of the world’s most extensive high-speed rail networks in just a few years. It has…
Gold Prices Fall In Asia As Stronger Dollar Weights, China Holidays Noted
Also on Monday, financial markets in China will remain closed for a holiday along with South Korea, India and Hong Kong and the UK is to release data on manufacturing activity. Last week, gold prices…
China cuts banks’ reserve requirement
A much higher bar is set for a further 100 bps cut: 10 per cent of loans must be to the designated “inclusive finance” groups, the PBOC said. Banks that meet the 10 per cent…
China Freight Train Arrives in Tehran: Six More Planned by Yearend
China will send six more cargo trains to Iran through the Kazakhstan-Turkmenistan route by the end of 2017. Director of Transportation Department at the Islamic Republic of Iran Railways Ebrahim Mohammadi made the announcement on…
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