Search Results for: RMB
The China Syndrome: The Coming Global Financial Meltdown
January 12th, 2016
All the phantom wealth piled up in China’s boost phase is now melting down, and the China Syndrome will trigger a meltdown in global phantom assets. The 1979 film The China Syndrome took its name from the darkly humorous ...
Bank of America Merrill Lynch Launches U.S. Dollar Cross-border Cash Pooling in China
January 7th, 2016
ZF TRW Automotive Serves as Pilot Client for New Solution Bank of America Merrill Lynch Global Transaction Services (GTS) has today announced the launch of automated U.S. dollar cross-border cash pooling services for corporations operating in the Shanghai Free ...
Freshfields advises Deutsche Bank on sale of stake in Hua Xia Bank
January 5th, 2016
International law firm Freshfields Bruckhaus Deringer has advised Deutsche Bank on the sale of its stake in Chinese financial institution Hua Xia Bank (Hua Xia) Under the terms of the transaction, Deutsche Bank will sell the entirety of its ...
Gold price firmer on pick-up in Middle East tensions
January 4th, 2016
Chinese equities circuit breakers kick-in after 7 percent fall in the CSI Precious metals are mixed with gold and silver prices up around 0.9 percent with the gold price at $1,070, while the industrial precious metals are weaker with ...
Deutsche Bank to sell its stake in a Chinese Bank for Billions
December 29th, 2015
Deutsche Bank announced today that it has agreed to sell its entire 19.99% stake in Hua Xia Bank to PICC Property and Casualty Company Limited for a consideration of RMB 23.0 to 25.7bn subject to final price adjustment at ...
Chinese Bank launches first Bond on London Stock Exchange
December 18th, 2015
Chinese bank ICBC London branch lists $10 billion Medium Term Note (MTN) programme on London Stock Exchange Launches $300 million bond First bond by a Mainland Chinese bank on the Main Market Minister Counsellor, Jin Xu and ICBC to open ...
IMF’s Executive Board Completes Review of SDR Basket, Includes Chinese Renminbi
December 1st, 2015
The Executive Board of the International Monetary Fund (IMF) today completed the regular five-yearly review of the basket of currencies that make up the Special Drawing Right (SDR). A key focus of the Board review was whether the Chinese ...
Bitcoin Price Surges by 12%, Setting Weekly High
November 27th, 2015
The price of bitcoin jumped 12% today, setting a weekly high of $368.51 at 12:30 (UTC). According to the CoinDesk USD Bitcoin Price Index (BPI), the digital currency opened the day at $328.98 before increasing $40. The price has shed about $20 from its intra-day peak, trading around ...
ICAP’s EBS BrokerTec and SGX sign collaboration agreement
November 19th, 2015
Agreement to launch SGX FX block futures on EBS Market Both businesses have noted growth in Asian trading volumes EBS BrokerTec, ICAP‘s market-leading electronic foreign exchange (FX) and fixed income business, and Singapore Exchange (SGX), Asia’s leading and trusted ...
Deutsche Börse: Successful market launch of CEINEX
November 18th, 2015
Launch ceremony with Chinese ambassador and the CEOs of SSE and Deutsche Börse China Europe International Exchange (CEINEX), the joint venture of Shanghai Stock Exchange (SSE), Deutsche Börse and China Financial Futures Exchange (CFFEX) was successfully launched today in ...
