People Daily (Free subscription) | 12/07/2009
China's largest lender, the Industrial and Commercial Bank of China Ltd. (ICBC), opened its first village bank in eastern China's Zhejiang Province Sunday to improve rural financial services. The Zhejiang Pinghu ICBC Village Bank will offer a wide range of financial services tailored to the needs of rural communities in a bid to boost rural economic growth, said ICBC vice president Yi...
Market Watch (Free subscription) | 12/04/2009
... Australia's S&P/ASX 200 was down 1.5% at 4,702.5. Oil shares were generally weaker, with Cnooc Ltd. down 3.1% in Hong Kong, and Nippon Oil Corp. off 1.3% in Tokyo. Among banks, Westpac Banking Corp. was down 2% in Syndey, and Bank of China Ltd. falling 2.2% in Hong Kong. Japan Airlines Corp. was among the region's leading advancers, up 7.6% amid wrangling between American...
Market Watch (Free subscription) | 12/04/2009
... a target-price upgrade by Morgan Stanley, amid continued concern over its exposure to Dubai World. Bank of China Ltd. gave up 0.9%, while China Merchants Bank Co. fell 1.9%. Some oil shares also retreated in tandem with lower crude prices, with Cnooc Ltd. down 2%. Over on the mainland, the Shanghai Composite was down 0.4% in mid-morning trading. Market Pulse Stories are Rapid-fire,...
Market Watch (Free subscription) | 12/03/2009
LOS ANGELES (MarketWatch) -- Hong Kong stocks moved higher in early Thursday trade, with airlines and financial gaining. The benchmark Hang Seng Index rose 0.5% to 22,412.1, and the Hang Seng China Enterprises Index climbed 0.6% at 13,427.2. Shares of Air China Ltd. advanced 0.5% -- but with its Shanghai-listed shares already 1.1% higher -- and Cathay Pacific Airways Ltd. added 1% to...
Market Watch (Free subscription) | 12/02/2009
LOS ANGELES (MarketWatch) -- The parent group of Geely Automobile Holdings Ltd. has lined up loans from at least three major Chinese government banks to finance its bid for Ford Motor Co.'s Volvo car unit, The Wall Street Journal reported late Tuesday, citing a person close to the Chinese auto maker. Zhejiang Geely Holding Group Co., which Ford said late last month was the "preferred bidder"...
