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Showing 211 - 220 of 234 results for "Bank of China"

Patience is a virtue

BENJAMIN ONG  |  FRIDAY, 10 OCT 2008
... financial Armageddon is nigh. Yesterday's concerted action by 6 of the world's major central banks - plus the Peoples Bank of China - on top of prior cuts by the RBA and the Hongkong Monetary Authority, were followed by interest rate reduction by the ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
... of Japan was unable to participate but announced its support for the action. And in separate moves, the People's Bank of China lowered its rates - the second in three weeks -- by 27 basis points to 6.93 per cent, while the Hongkong Monetary Authority ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 30 APR 2008
... TOKYO - Japanese markets were closed for a national holiday. They will reopen today. HONG KONG - Stocks rose, with Bank of China hitting a four-month closing high after it reported strong quarterly earnings, but investors were cautious ahead of results ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 20 FEB 2008
... per cent or 122.51 points. HONG KONG - Stocks rose 1.53 per cent in thin trade, tracking strong Asian markets, as Bank of China surged after its chairman said it had set aside enough provisions to cover its exposure to subprime credit. The Hang Seng ...

Market Wrap - Morning

AAP  |  MONDAY, 21 JAN 2008
... added 77.84 points to 13,861.29. HONG KONG - Blue chips strengthened on an upbeat profit outlook from Commercial Bank of China. The Hang Seng Index gained 86.89 points to 25,201.87. WELLINGTON - NZ stocks followed global markets into the red. The benchmark ...

CBA links with German investment bank

CHRIS NICHOLLS  |  TUESDAY, 23 OCT 2007
... agreement follows the CBA's existing agreements with other major international banks such as RBS, Bank of America, Bank of China and ABN Amro. Stephen Holden, general manager of working capital and international finance at the Commonwealth Bank, said ...

Hello kitty

SUZY MAC  |  THURSDAY, 4 OCT 2007
... to our confidence." According to Fairfax reports, former member of the Monetary Policy Committee of the People's Bank of China, Yu Yongding has cautioned Chinese officials against opening outward investment channels without a more flexible currency regime. ...

Water off a Peking duck's back

SUZY MAC  |  TUESDAY, 11 SEP 2007
... there were no Chinese companies ranked in the top 25. Even more impressive is that the Industrial and Commercial Bank of China (ICBC) now outranks Citigroup as the world's biggest bank by market value.

Surplus surpluses and soaring profits

SUZY MAC  |  WEDNESDAY, 22 AUG 2007
... being sustained into 2008. Meanwhile, our big resources customer's economy is still on steroids, and The People's Bank of China has again moved to take some of the pump out of its economic growth. The central bank lifted its one-year lending rate for ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 18 JUL 2007
... strong rebound in mainland-listed equities spurred buying interest, with mainland lender Industrial & Commercial Bank of China getting a further boost from a broker upgrade. The Hang Seng Index closed up 103.36 points at 23,057.30. WELLINGTON - The sharemarket ...