industrial and commercial bank of china

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 |

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 |

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 |

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 |

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 unveils list of top 500 companies


September 4th, 2011 - 3:56 pm ICT by IANS
Beijing, Sep 4 (IANS) China's Sinopec Group with a revenue of 1.97 trillion yuan (about $307 billion) has been ranked first on the list of the country's top 500 companies ... Read more...

Posted in Uncategorized |

Chinese bank opens two branches in Pakistan


May 21st, 2011 - 10:07 am ICT by IANS
Islamabad, May 21 (IANS) The Industrial and Commercial Bank of China (ICBC) - the country's largest commercial bank - has opened a branch each in the Pakistani cities of Karachi ... Read more...

Posted in South Asia |

Reliance Power ties up Chinese bank funds for Sasan project


December 15th, 2010 - 7:32 pm ICT by IANS
New Delhi, Dec 15 (IANS) Reliance Power, part of the Anil Dhirubhai Ambani Group (ADAG) Wednesday said it has tied up financing of Rs.5,000 crore ($1.1 billion) from Chinese banks to import ... Read more...

Posted in Business |

Some 50 business pacts signed during Wen’s visit


December 15th, 2010 - 7:16 pm ICT by IANS
New Delhi, Dec 15 (IANS) China Development Bank Wednesday signed financial pacts worth billions of dollars, including one with Reliance Power and another with ICICI Bank, as part of some 50 business ... Read more...

Posted in Business |

China allays India’s concerns over trade deficit


December 13th, 2010 - 4:47 pm ICT by IANS
New Delhi, Dec 13 (IANS) Ahead of Chinese Premier Wen Jiabao's visit, China Monday allayed India's concerns over the widening trade deficit, estimated to be $19.2 billion, and pitched for greater ... Read more...

Posted in Business |

Reliance Power places $10-bn equipment order for 32,000 MW


October 28th, 2010 - 7:26 pm ICT by IANS
New Delhi, Oct 28 (IANS) In one of the largest such orders of its kind, Reliance Power, a part the Anil Dhirubhai Ambani Group, Thursday said it has awarded a $10-billion contract ... Read more...

Posted in Business |

Agricultural Bank of China on track for record IPO


July 8th, 2010 - 12:53 am ICT by IANS
Beijing, July 7 (DPA) The Agricultural Bank of China Ltd is on track to attract a record $22.1 billion after pricing its initial public offering in Shanghai and Hong Kong, reports said ... Read more...

Posted in Business |

People’s Bank, China Announces Fall In Bond Value


May 4th, 2010 - 7:30 pm ICT by GD
By Gina Gomez Shanghai, May 4, (THAINDIAN NEWS) The People's Bank of China sold away its one year bills today keeping its yield the same for the 14th time in a row at ... Read more...

Posted in Business |

China launches 10-point plan to boost cross-Strait ties


December 21st, 2008 - 10:31 pm ICT by IANS
Shanghai, Dec 21 (Xinhua) China Sunday announced a 10-point plan, including financial aid, to help Taiwan through the global economic crisis.The Industrial and Commercial Bank of China and the Bank of China ... Read more...

Posted in World |

Chinese shares plummet 3.44 percent in morning session


October 13th, 2008 - 2:48 pm ICT by IANS
Beijing, Oct 13 (Xinhua) Chinese shares tumbled 3.44 percent in the morning session Monday with the Shanghai Composite Index ending at 1,931.75 points, down 68.82 points or 3.44 percent from the previous ... Read more...

Posted in Business |

Chinese stocks sink amid global financial turmoil


September 16th, 2008 - 5:37 pm ICT by IANS
Beijing, Sep 16 (Xinhua) Chinese shares plunged 4.47 percent amid global financial turmoil Tuesday, as investors reacted to losses on Wall Street and the People's Bank of China's (PBOC) decision to slash ... Read more...

Posted in Business |

China reduces credit interest rate


September 15th, 2008 - 4:53 pm ICT by IANS
Beijing, Sep 15 (Xinhua) China's central bank said Monday it will reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic ... Read more...

Posted in World |

Chinese stocks fall to 15-month low on unsettled market sentiment


June 13th, 2008 - 5:09 pm ICT by IANS
Xinhua Beijing, June 13 (Xinhua) Chinese stocks continued thier downward spiral Friday with the main index falling to a 15-month low as investors were still nervous about the inflationary pressure and tightening policy. ... Read more...

Posted in World |

Googlers in China searched mostly for money, technology in 2007


January 3rd, 2008 - 5:32 pm ICT by admin
New Delhi, Jan 3 (ANI): It looks like money and technology was all that preoccupied people living in the China in the past year, for according to a list released by Google ... Read more...

Posted in South Asia |

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