Category Archives:
Exclusive: China’s FX regulator surveyed banks, companies on yuan risk – sources
BEIJING/SHANGHAI (Reuters) - China's currency regulator has been conducting a rare survey of banks and companies to ask about their risk management processes and ability to handle volatility in the yu...
Aug 30, 2021
Scania stops European truck production this week over chip shortage
STOCKHOLM (Reuters) - Truckmaker Scania, part of Volkswagen AG's commercial vehicle arm Traton SE, will halt production at its European truck plants this week due to the shortage of semi-conductors, i...
Aug 30, 2021
BlackRock tests Chinese retail appetite with mutual fund launch
SHANGHAI (Reuters) - BlackRock, the world's largest asset manager, started selling its own mutual fund in China through a local subsidiary on Monday, tapping the fast-growing $3.6 trillion retail fund...
Aug 30, 2021
Exclusive-China regulator probes Ping An Insurance’s property investments -sources
SHANGHAI (Reuters) - China's banking and insurance sector regulator is probing Ping An Insurance Group Co of China Ltd's investments in the property market, two people with knowledge of the matter sai...
Aug 30, 2021
China cuts amount of time minors can spend on online games
SHANGHAI (Reuters) -Chinese regulators on Monday slashed the amount of time players under the age of 18 can spend on online games to an hour of gameplay on Fridays, weekends and holidays, in response ...
Aug 30, 2021
China Construction Bank says net interest margin to narrow in H2 2021
BEIJING (Reuters) - China Construction Bank, country's second-largest lender by assets, said its net interest margin will be narrower in the second half of 2021. The margin, a key profitability indica...
Aug 30, 2021
Euro zone August sentiment eases, selling price view at record high
BRUSSELS (Reuters) - Euro zone economic sentiment eased more than expected in August from a record high in July, hit by a sharp drop in optimism in France and the Netherlands, while selling price expe...
Aug 30, 2021
Fintech firm Ideanomics to buy VIA Motors for nearly $630 million
(Reuters) - Financial technology company Ideanomics Inc said on Monday that it will acquire VIA Motors International Inc in an all-stock deal that would value the electric commercial vehicle firm at a...
Aug 30, 2021
Bank of China H1 profit rises 12%, biggest first half jump since 2013
BEIJING (Reuters) - Bank of China Ltd (BoC), the country's fourth-largest lender by assets, posted a 11.8% increase in first-half net profit on Monday, the biggest jump since 2013 as business activity...
Aug 30, 2021
China’s AgBank posts 12.4% rise in H1 net profits
BEIJING (Reuters) - Agricultural Bank of China (AgBank), the country's third-largest lender by assets, on Monday posted 12.4% growth in first-half profits, the fastest first-half growth since 2014 as ...
Aug 30, 2021
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