Blogs your wayBusiness Week (Free subscription) | 03/15/2010
Bank of China Ltd. and Temasek Holdings Pte may invest as much as 20 billion yuan ($2.9 billion) to build a rural-banking business in China, said two people with knowledge of the matter.
Business Week (Free subscription) | 03/15/2010
Bank of China Ltd. and Temasek Holdings Pte may invest as much as 20 billion yuan ($2.9 billion) to build a rural-banking business in China, said two people with knowledge of the matter.
Market Watch (Free subscription) | 03/11/2010
HONG KONG (MarketWatch) -- Bank of China Ltd.'s shares ended the Thursday morning session lower in Hong Kong, following a published report that the bank wants to issue additional shares on the city's stock exchange and is soliciting regulatory approval and backing from shareholders for the sale. Xiao Gang, chairman of the bank, told a news conference in Beijing on Thursday the deal could...
People Daily (Free subscription) | 03/17/2010
Bank of China Ltd (BOC) and Temasek Holdings Pte may invest as much as 20 billion yuan ($2.9 billion) to build a rural-banking business in China, said two people with knowledge of the matter. The companies are in talks about setting up as many as 400 rural banks, the people said, declining to be identified because the discussions are private. Bank of China, the country's third-largest...
People Daily (Free subscription) | 03/17/2010
One of Deutsche Bank AG's top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd (ICBC), the world's largest lender by market value, said people with knowledge of the matter. Lee Zhang, Deutsche Bank's head of global banking for Asia-Pacific outside Japan, is still with the company and it wasn't clear what position he would have at Beijing-based...
Business Week (Free subscription) | 03/16/2010
One of Deutsche Bank AG’s top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd., the world’s largest lender by market value, said people with knowledge of the matter.
Market Watch (Free subscription) | 03/16/2010
HONG KONG (MarketWatch) -- Hong Kong shares rose early Tuesday, shaking off fears about monetary tighening by China that dragged down the market in the previous two sessions, as banks and resource stocks advanced after broad overnight gains on Wall Street. The Hang Seng Index rose 0.3% to 21,136.63 and the Hang Seng China Enterprises Index added 0.4% to 12,023.35. Cnooc Ltd. as well as Industrial...
Business Week (Free subscription) | 03/15/2010
One of Deutsche Bank AG’s top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd., the world’s largest lender by market value, said people with knowledge of the matter.
Market Watch (Free subscription) | 03/15/2010
... 0.8% lower, while China Construction Bank was down 1% in Hong Kong and off 0.9% in Shanghai. Bank of China Ltd. lost 0.8% in Hong Kong and 0.7% in Shanghai. More broadly on the mainland, the Shanghai Composite was down 0.9% at 2,987.2 as China wrapped up its National People's Congress with Premier Wen Jiabao calling for action to prevent a global "double dip" recession....
Malaysia Property News (Free subscription) | 03/12/2010
SINGAPORE: CapitaLand Ltd, which has Chinese properties valued at more than US$14 billion (US$1 = RM3.32), said demand in China is "strong" and the real estate boom can't be called a bubble. Still, the Singapore-based developer said it was "comforting" that the Chinese government is taking steps to rein in the market, according to a CapitaLand presentation filed to the Singapore...
The Mess That Greenspan Made (Free subscription) | 03/12/2010
... Communist Party. The chairman of China's biggest commercial lender , Industrial & Commercial Bank of China Ltd. was paid 1.6 million yuan ($235,000) in 2008 , while Citigroup CEO Vikram Pandit received $38.2 million that year. The Wall Street Journal also ran a story($) on this today in which, for the print edition, they had the pictures of the six top banking CEOs atop each of...
Market Watch (Free subscription) | 03/11/2010
... Wall Street and despite briefly dipping into negative territory. Shares of Cathay Pacific Airways Ltd. added 1.1% and Citic Pacific Ltd. advanced 3.4% after results released Wednesday showed they swung back to profits in 2009. The rise in Cathay Pacific came despite a Citigroup downgrade of the stock to sell. Bank of China Ltd. fell 0.5% and China Construction Bank Corp....
Market Watch (Free subscription) | 03/11/2010
... polled by Dow Jones Newswires. Many banks shifted lower, with Industrial & Commercial Bank of China Ltd. down 1.5% and China Construction Bank Corp. down 1% in Hong Kong, though both were 0.2% higher in Shanghai, and with Westpac Banking Corp. down 1.6% in Sydney. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for...