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.
Wednesday, April 3, 2013
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A Singapore court on Thursday sentenced two Chinese workers to four weeks in jail each for staging a high-rise protest atop construction cranes in December, local media reported.
Wednesday, April 3, 2013
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Share prices on Taiwan's SinoPac Financial Holdings rose Wednesday after it announced plans to sell a 20 percent stake to the Industrial & Commercial Bank of China (ICBC), the mainland's biggest lender.
Wednesday, April 3, 2013
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Shares in the Industrial and Commercial Bank of China (ICBC), the nation's biggest lender by assets, fell in Hong Kong on Thursday after it reported a slowdown in profit growth for 2012.
Wednesday, April 3, 2013
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Two of China's biggest banks recorded weaker profit growth last year, according to annual reports released Tuesday, as a slowdown in the world's second largest economy hit loan demand.
Wednesday, April 3, 2013
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China Construction Bank, one of the country's top four lenders, said its net profit rose 14.1 percent year-on-year in 2012, lifted by growth in net interest income.
Wednesday, April 3, 2013
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Taiwan and China on Monday agreed to further ease investment caps in each other's financial institutions, in the latest sign of warming ties between the two former rivals, officials said.
Wednesday, April 3, 2013
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Brazil hopes to sign a bilateral accord with China to promote trade in their national currencies at next week's BRICS summit of the world's five emerging powers, Trade and Industry Minister Fernando Pimentel said Thursday.
Wednesday, April 3, 2013
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China expects progress towards creation of a development bank and a joint foreign reserves fund at the BRICS summit of five emerging powers in South Africa, President Xi Jinping said in remarks released here Wednesday.
Saturday, March 2, 2013
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A top Chinese banker said Beijing is "fully prepared" for a currency war as he urged the world to abide by a consensus reached by the G20 to avert confrontation, state media reported on Saturday.
Monday, May 20, 2013
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