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Tag Archive | "china"

US firm KKR to buy stake in Chinese appliance giant

Tuesday, October 1, 2013

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US investment firm Kohlberg Kravis Roberts has agreed to buy a 10 percent share in China's biggest appliance maker Qingdao Haier, in its biggest investment in the country

US investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy a 10 percent share in China's biggest appliance maker Qingdao Haier, in its biggest investment in the country.

Economic worry shifts to emerging markets at Russian G20

Sunday, September 1, 2013

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Leaders from the BRICS group of emerging powers, Durban, South Africa, March 27, 2013

Long hailed as the hungry new tigers of the global economy, the world's biggest emerging markets will be the chief economic focus at the G20 summit in Russia this week as their once surging prospects suddenly dim.

China ‘orders audit of government debt’

Sunday, July 28, 2013

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A Chinese commuter rides past 'Chinese Dream' billboards in the Central Business District in Beijing on July 26, 2013

China has called for an audit of all government debt, the national auditor announced Sunday, as concerns grow over official liabilities in the world's second-largest economy.

Wells Fargo deposes China’s ICBC as world’s biggest bank

Wednesday, July 24, 2013

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A customer leaves a Wells Fargo bank branch office on July 12, 2012 in Daly City, California

The Industrial & Commercial Bank of China (ICBC) has lost its standing as the world's largest bank by market capitalisation to US-based Wells Fargo, data showed Wednesday, as China's economy slows.

China banking system ‘stable’ despite fund squeeze

Saturday, June 29, 2013

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Skyscrapers in Shanghai's financial district of Pudong are covered in low cloud on June 28, 2013

China's bank regulator said that a recent liquidity squeeze would not hurt the stability of the banking system, in the latest government effort to soothe concerns over the funding shortage.

China to ‘adjust’ liquidity for financial stability

Friday, June 28, 2013

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Headquarters of the People's Bank of China, pictured in Beijing, on August 7, 2011

China's central bank said on Friday it would "adjust" liquidity to ensure stability after a weeks-long squeeze that has rattled financial markets.

China stocks hit over four-year lows on credit crunch

Tuesday, June 25, 2013

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A man watches stock activity at a stock exchange in Huaibei, north China's Anhui province on June 24, 2013

Chinese stocks closed at a level unseen since the global financial crisis in 2009 on Tuesday, as analysts warned a liquidity squeeze was raising the risk of a hard landing for the world's second largest economy.

China central bank urges lenders to manage liquidity

Monday, June 24, 2013

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Chinese yuan bank notes are counted at a Mega Bank branch in Taipei on February 6, 2013

China's central bank has urged lenders in the country to strengthen liquidity management, according to an official note published Monday, in a sign Beijing does not intend to loosen policy despite a recent credit crunch.

China interbank rates fall, easing credit crunch fears

Friday, June 21, 2013

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A migrant worker is seen passing by the People's Bank of China in Beijing, on May 1, 2013

The interest rate China's banks charge to lend money to each other fell sharply on Friday, easing fears of a liquidity shortage after hitting record highs.

Goldman sells final stake in China’s ICBC

Monday, May 20, 2013

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Customers leave a branch of ICBC (Industrial and Commercial Bank of China) in Beijing on December 13, 2011

Goldman Sachs is selling the rest of its Industrial and Commercial Bank of China (ICBC) stake, worth around US$1.1 billion, in a move to exit an investment it made into the bank seven years ago.

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