bank of china

China hunts for serial killer


August 13th, 2012 - 6:24 pm ICT by IANS
Beijing, Aug 13 (IANS) China has launched a manhunt for a serial killer who has murdered as many as nine people, a media report said.The search is on in Chongqing ... Read more...

Posted in World |

Police launch manhunt for ‘Chinese Rambo’


August 12th, 2012 - 10:09 pm ICT by IANS
London, Aug 12 (IANS) Chinese police have launched a massive manhunt in a mountain forest for an elusive bank-robber thought to be behind a string of deadly attacks, The Telegraph ... Read more...

Posted in World |

Russia’s Gazprom world’s most profitable firm in 2011


July 31st, 2012 - 9:56 am ICT by IANS
Moscow, July 31 (IANS/RIA Novosti) Russian energy giant Gazprom overtook US-based energy major ExxonMobil in 2011 to become the world's most profitable company, according to the latest edition of Forbes ... Read more...

Posted in World |

South Korean central bank cuts policy rate (Lead)


July 12th, 2012 - 2:19 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

South Korean central bank cuts key interest rate


July 12th, 2012 - 2:00 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

Sensex closes 17 points down on growth worries (Roundup)


July 6th, 2012 - 8:07 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets Friday closed 17 points down on global growth concerns. Realty, metal and consumer durable stocks were the ... Read more...

Posted in Business |

Sensex falls on global economic growth worries


July 6th, 2012 - 3:00 pm ICT by IANS
Mumbai, July 6 (IANS) A benchmark index for the Indian equities markets fell 0.31 percent in the afternoon session Friday due to selling pressure in realty, metal and IT ... Read more...

Posted in Business |

US stocks mixed amid disappointing data (Lead)


July 6th, 2012 - 10:19 am ICT by IANS
New York, July 6 (IANS) US stocks ended mixed Thursday amid disappointing economic data and investors' concerns over the economy.A round of mixed economic data released Thursday together with actions ... Read more...

Posted in Business |

US stocks wobble despite rate cuts


July 6th, 2012 - 4:46 am ICT by IANS
New York, July 6 (IANS) US stocks wobbled around the breakeven line Thursday, as rate cuts in both China and Europe failed to ignite the market.The European Central Bank cut ... Read more...

Posted in Business |

Bank of China to open Taiwan branch


June 13th, 2012 - 11:56 pm ICT by IANS
Beijing, June 13 (IANS) China's third-largest bank, the Bank of China, will open a branch in Taipei.Taiwan's financial regulator gave its approval Wednesday, Xinhua reported.The branch will focus on bank ... Read more...

Posted in Business |

China’s exports up 15 percent


June 11th, 2012 - 6:09 pm ICT by IANS
Beijing, June 11 (IANS) China's exports rose by over 15 percent in May, from the previous year, as shipments to the US increased significantly and trade with the European Union ... Read more...

Posted in Business |

IMF hails China’s monetary adjustment


June 9th, 2012 - 2:38 pm ICT by IANS
Beijing, June 9 (IANS) China's adjustment of monetary policies to stabilize growth and its determination to support higher quality growth has won praise from the International Monetary Fund (IMF)."We support ... Read more...

Posted in World |

China’s banking assets top $16.8 trillion


June 9th, 2012 - 1:20 pm ICT by IANS
Beijing, June 9 (IANS) Total assets of China's banking sector rose 19.1 percent year-on-year to 105.8 trillion yuan ($16.8 trillion) by the end of 2011, according to a report released ... Read more...

Posted in Business |

Chinese banks get nod to expand operations in US


May 10th, 2012 - 1:55 pm ICT by IANS
Washington, May 10 (IANS) The US Federal Reserve has announced its approval of China's largest bank to purchase a US bank and two other large Chinese banks to expand their ... Read more...

Posted in Business |

136 Chinese, 61 Indian firms on Forbes’ list


April 20th, 2012 - 8:50 pm ICT by IANS
Beijing, April 20 (IANS) A total of 136 Chinese firms have found place in this year's Forbes Global 2000 list which also mentions 61 Indian firms, among others.The tally of ... Read more...

Posted in Uncategorized |

Pakistan wants China to help build dams


April 3rd, 2012 - 1:08 pm ICT by IANS
Islamabad, April 3 (IANS) Pakistan wants the Export-Import Bank of China to help in the construction of small and medium dams.Prime Minister Yousuf Raza Gilani Monday urged the EXIM ... Read more...

Posted in Uncategorized |

Global manhunt for Chinese rogue banker


March 27th, 2012 - 5:28 pm ICT by IANS
Beijing, March 27 (IANS) China has launched an international hunt for a former bank chief accused of fleeing with more than 100 million yuan ($16 million) illegally raised from relatives ... Read more...

Posted in World |

China, Latin America to build investment platform


March 22nd, 2012 - 7:57 pm ICT by IANS
Beijing, March 22 (IANS) An investment platform that will mobilize $1 billion is expected to be operational this year, People's Daily reported Thursday.The announcement was made by its founder, the ... Read more...

Posted in Business |

Chinese own 2.95 bn bank cards


March 19th, 2012 - 7:14 pm ICT by IANS
Beijing, March 19 (IANS) Every Chinese had more than two bank cards on average at the end of last year as more people in the world's second-largest economy turn to ... Read more...

Posted in Business |

Slow recovery, Europe remain uncertainties: China (Lead)


March 12th, 2012 - 2:45 pm ICT by IANS
Beijing, March 12 (IANS) The governor of China's central bank Monday said a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest ... Read more...

Posted in Business |

‘Slow global recovery biggest uncertainty for China’


March 12th, 2012 - 1:58 pm ICT by IANS
Beijing, March 12 (IANS) The governor of China's central bank Monday said a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest ... Read more...

Posted in Business |

China posts biggest trade deficit in decade


March 11th, 2012 - 11:18 am ICT by IANS
Beijing, March 11 (IANS) China has posted a trade deficit of $31.5 billion last month, the biggest in at least a decade as imports increased faster than exports.Exports expanded by ... Read more...

Posted in Business |

China projects 4 percent consumer price rise


March 5th, 2012 - 8:24 pm ICT by IANS
Beijing, March 5 (IANS) China has projected a four percent growth in consumer prices this year.In doing so, "we have taken into account imported inflation, rising costs of factors of ... Read more...

Posted in Uncategorized |

Don’t seek exclusive rights to Sri Lanka, India told


March 1st, 2012 - 11:50 am ICT by IANS
New Delhi, March 1 (IANS) India should not feel uncomfortable with Chinese presence in Sri Lanka as there is "plenty of room for both", said a Sri Lankan MP and ... Read more...

Posted in World |

Reliance Communications pays $1,182 million to redeem FCCBs


February 29th, 2012 - 9:56 pm ICT by IANS
New Delhi, Feb 29 (IANS) Reliance Communications Wednesday said it has paid $1,182 million (Rs.5,825 crore) for redemption of all the outstanding Foreign Currency Convertible Bonds (FCCBs)."Reliance Communications has made ... Read more...

Posted in Business |

Chinese banking model unsustainable: Daily


February 22nd, 2012 - 4:31 pm ICT by IANS
Beijing, Feb 22 (IANS) The profit model of Chinese banks that encourages growth by stipulating a cap on deposit and lending rates is unsustainable, a daily said Wednesday.The commercial banks ... Read more...

Posted in Business |

China cuts bank reserve requirement


February 19th, 2012 - 9:33 pm ICT by IANS
Beijing, Feb 19 (IANS) China's central bank has lowered the reserve requirement ratio (RRR) of banks by 50 basis points to ease a short-term credit crunch.The cut, the second in ... Read more...

Posted in Business |

China set to overtake US in diamond consumption


February 17th, 2012 - 8:12 pm ICT by IANS
Beijing, Feb 17 (IANS) China is expected to overtake the US to become the world's largest diamond-consuming country in 2016, Ari Epstein, CEO of Antwerp World Diamond Centre (AWDC), said ... Read more...

Posted in World |

Reliance Communications gets RBI nod for refinancing FCCBs


February 16th, 2012 - 6:25 pm ICT by IANS
New Delhi, Feb 16 (IANS) Reliance Communications Thursday said it has received the Reserve Bank of India (RBI) approval to refinance the $1.18 billion (Rs.5,825 crore) of foreign currency convertible ... Read more...

Posted in Business |

China to further open economy


February 3rd, 2012 - 7:28 pm ICT by IANS
Beijing, Feb 3 (IANS) China will further open up its economy and maintain a "balanced and sustainable economic growth" in the near future, Vice Premier Li Keqiang said.The country is ... Read more...

Posted in Business |

Chinese banks lend $27 bn for low-cost housing


January 31st, 2012 - 4:23 pm ICT by IANS
Beijing, Jan 31 (IANS) Chinese banks lent 175.1 billion yuan (about $27 billion) to construct low-cost houses in the country in 2011.The money accounted for 50.1 percent of the sector's ... Read more...

Posted in Business |

Reliance Communications ties up refinancing for FCCB worth $1.18 bn


January 17th, 2012 - 3:13 pm ICT by IANS
Mumbai, Jan 17 (IANS) Reliance Communications (RCom) Tuesday said it had tied up refinancing for redeeming outstanding foreign currency convertible bonds (FCCBs) worth $1.18 billion (Rs.6,125 crore)."The refinancing is to ... Read more...

Posted in Business |

China’s GDP to grow by 8.8 percent in 2012


January 3rd, 2012 - 2:27 pm ICT by IANS
Beijing, Jan 3 (IANS) China's GDP will grow by about 8.8 percent in 2012, further moderating from 9.1 percent in the third quarter of 2011, the central bank said.The bank ... Read more...

Posted in Business |

China won’t permit new gold exchanges


December 28th, 2011 - 8:32 am ICT by IANS
Beijing, Dec 28 (IANS) China's central bank has announced it will not authorize the setting up of new gold exchanges in the country.The People's Bank of China has also banned ... Read more...

Posted in Business |

Rely less on foreign credit ratings: Chinese official


December 26th, 2011 - 3:22 pm ICT by IANS
Beijing, Dec 26 (IANS) China's central bank chief Zhou Xiaochuan has called on the country's major financial institutions to enhance their own judgment in making choices and reduce dependence on ... Read more...

Posted in Business |

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