Search Results for: Bank of China
China Stocks Plunge to 13-Month Low Amid Capital Outflow Concern
January 26th, 2016
Yourong Fund, Rabobank, Chart Partners predict further losses China capital outflows reached estimated $1 trillion in 2015 China’s stocks tumbled to the lowest levels in 13 months amid concern capital outflows will accelerate as the economy slows and support ...
Oil Drops as Saudis to Maintain Spending, China Diesel Use Falls
January 26th, 2016
Saudi Aramco hasn’t cut investment in oil projects: chairman China’s diesel consumption in December dropped for 4th month Oil dropped after Saudi Arabia, the world’s biggest crude exporter, said low prices won’t reduce its spending on energy projects and China’s ...
Oil rout, Fed-ticipation hurts Asia stocks; China leads losses
January 26th, 2016
Asian equities came under pressure on Tuesday from a renewed selloff in oil overnight, ahead of the Federal Reserve’s monetary policy decision on Thursday. U.S. crude fell below $30 a barrel after sliding as much as 7 percent on ...
Barclays Announces Initiatives in the Investment Bank
January 25th, 2016
Barclays PLC (“Barclays”) has announced several initiatives within its Investment Bank which build on its existing strategy. The Investment Bank will continue to focus on its two home markets in the UK and US and to develop its global ...
Europe’s big banks remain wary of doing business with Iran
January 25th, 2016
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...
Could China’s Housing Bubble Bring Down the Global Economy?
January 21st, 2016
Who’s going to buy the tens of millions of empty flats held as investments? I’ve been writing a lot about China recently because it’s becoming increasingly clear that China’s economy is slowing and the authority’s “fixes” are not turning ...
Some Shanghai Banks Said to Curb Individual Forex Purchases
January 21st, 2016
Banks said to request close checks by branches for violations Shanghai SAFE vows crackdown on illegal foreign transactions Some Shanghai banks have asked their branches to strictly control the sale of foreign exchange to individuals, according to people familiar ...
Pound dives as Bank of England rules out rate rise amid weak UK growth
January 20th, 2016
Currency traders react to Mark Carney’s downbeat assessment by selling pound to $1.42, its weakest since March 2009 The Bank of England governor has sent the pound into a nosedive after he ruled out an early rise in interest rates, saying ...
Mazars announces annual growth of 15.9% together with a strategic merger in China
January 19th, 2016
Mazars announces 2014-2015 fiscal year results of €1.252bn. This figure is up 15.9% from last year, driven by 6.0% organic growth, 6.0% external growth – in particular from the merger with Roever Broenner Susat in early 2015 – and ...
China GDP Slows to Weakest Since 2009 on Manufacturing Slide
January 19th, 2016
As growth ticked lower, yuan and stocks volatility marked 2015 Two-speed divergence as old drivers slow, services do better China’s economy slowed in December, capping the weakest quarter of growth since the 2009 global recession, as the Communist leadership ...
