Crisis Banking in the East: History of the Chartered Mercantile Bank of India, London and China, 1853-93 (Studies in Banking History)
Banking Times: Daily Banking News (Free subscription) | 03/11/2009
The Bank of China has announced its financial results for the third quarter of 2009. In line with International Financial Reporting Standards, the firm made RMB 62.23bn profit, up 3.8% year-on-year, in the first three quarters of the year. This marks a reversal from the first six months, when the bank made 2.5% less in the first [...]
good4mortgages.co.uk (Free subscription) | 06/11/2009
... in the last 11 days. In the first 30 days of May, new lending by the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank totaled 46.8 billion yuan, 26.4 billon yuan, 69.8 billion yuan, and 28.7 billion yuan respectively.
Forex Blog (Free subscription) | yesterday
... of developments that would seem to upset this equilibrium. The first would be if the Central Bank of China began diversifying its forex reserves into other currencies. By definition, however, it would be impossible for China to continue pegging the RMB to the Dollar without simultaneously buying Dollars. Thus, the day that China stops recycling its export proceeds into the US, the RMB would...
SeekingAlpha Energy Stocks (Free subscription) | 06/11/2009
Kelvin Schulle submits: Thursday, a report said Democrat Senator Schumer called to restrict the stimulus funds to be used in the 600MW wind farm joint venture in Texas, which is made up of A-Power Energy Generation ( APWR ), U.S. Renewable Energy Group and Cielo. A-Power owns 49% of the JV. The project is expected to get funding from the Commercial Bank of China (around $1.05B) and $450M from...
lloydslist.com (Free subscription) | 06/11/2009
... cases. After the Chinese government unveiled its shipping stimulus package, state-owned Exim Bank, Bank of China and Industrial and Commercial Bank of China did extend big loans to major shipyards. The loans included a Yuan11.2bn ($1.6bn) credit line by BOC to China's largest private shipbuilder, Jiangsu Rongsheng Heavy Industries. Other big shipbuilders, including New Century Shipbuilding,...
People Daily (Free subscription) | 03/11/2009
China's big four banks extended about 136 billion yuan ($20 billion) yuan-denominated new loans in October, up 23.6 percent from September's 110.4 billion yuan, the China Securities Journal reported on Tuesday. The September total was the lowest amount so far this year for the big four, which include Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and...
PR News Wire (Free subscription) | 05/11/2009
... Director for Greater China and OECD Asia, Wachovia Bank, will lead a panel discussion with Bank of China, China Construction Bank, and Agricultural Bank of China. The growing direct trade flows between Latin America and China - Latin America's exports to Asia now account for 10% of total exports compared to 5% just a decade ago -- mean that "it is no longer business as usual in the...
New Vision (Free subscription) | 05/11/2009
... report that did not give export figures. A delegation from the Industrial and Commercial Bank of China, which holds a 20% stake in Standard Bank, Africa’s biggest bank by assets, met Museveni in June and said it was interested in a partnership for the refinery. Uganda is locked in a dispute with the exploration companies Tullow Oil, Heritage Oil and Gas of Canada over whether the country...
Sify (Free subscription) | 05/11/2009
A Democratic senator is calling on the Obama administration to reject an expected request for federal economic stimulus money as part of a $1.5 billion West Texas wind energy project because he says it will generate Chinese, not American, jobs.The U.S.-China venture, announced last week, would erect 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import ...
Miami Herald (Free subscription) | 05/11/2009
... 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import Bank of China committed to handle most of the financing.But Sen. Charles Schumer, D-N.Y., said the project reportedly may also be seeking 30 percent funding from economic stimulus grants from the Energy Department - funds he said would used to buy turbines and other components made in a Chinese...
Star Tribune (Free subscription) | 05/11/2009
... 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import Bank of China committed to handle most of the financing.But Sen. Charles Schumer, D-N.Y., said the project reportedly may also be seeking 30 percent funding from economic stimulus grants from the Energy Department — funds he said would used to buy turbines and other components made in a Chinese...
Seattle Post-Intelligencer (Free subscription) | 05/11/2009
... 240 huge Chinese-manufactured wind turbines on 36,000 acres in West Texas, with the Export-Import Bank of China committed to handle most of the financing.But Sen. Charles Schumer, D-N.Y., said the project reportedly may also be seeking 30 percent funding from economic stimulus grants from the Energy Department - funds he said would used to buy turbines and other components made in a Chinese...
ERE Articles | Electronic Recruitin (Free subscription) | 04/11/2009
... growth in jobs. The economy is growing because it’s being propped up by taxpayers (and the Central Bank of China) instead of by real growth in GDP. In some places this is known as a ponzi scheme. The government claimed this past week that the stimulus package has added 650,000 jobs so far. Well, to be precise, “created or saved” that many jobs. Jobs have been added, but just how many have...
VentureBeat (Free subscription) | 02/11/2009
... biggest capacity installations in the world. With $1.5 billion in financing from the Export-Inport Bank of China, the project represents substantial Chinese investment in the U.S.’s green infrastructure. Wind production in the U.S. is already far behind Europe’s. In 2005, les than a quarter of all wind equipment installed in the U.S. was made here. And so far, in 2009, there...
The Industry Standard (Free subscription) | 03/11/2009
Microsoft signed a cooperation deal on Tuesday with a big Chinese bank, a potentially major enterprise customer in the country for its financial products and services. Microsoft CEO Steve Ballmer attended a signing event in Beijing for the deal. Agricultural Bank of China, one of China's four big state-owned banks, will rely on Microsoft products and the U.S. company's global service network...
