ADB Sets for Clean Energy Bonds
The Asian Development Bank (ADB) plans to issue its first Clean Energy Bond to support its clean energy projects in Asia and the Pacific.
IMF Calls on Advanced Economies to Cut Public Debt
“Advanced economies must pursue long-term policy reforms to reduce public debt levels over the coming decades and ensure future fiscal sustainability.”
Ping An Buys a Controlling 53.4Pct Stake in Shenzhen Development Bank
Ping An Insurance (Group0 Co., China’s second largest insurer, will merge its bank unit into Shenzhen Development Bank Co. in a deal valued at 29.1 billion yuan.
Taiwan's Far EasTone to invest $7Mln in Mainland IT Firm
Far EasTone Telecommunications Co.,plans to buy a 55 percent stake in a Beijing-based information technology firm for 7 million U.S. dollars, marking the first investment in Chinese mainland.
FDIC Says 829 U.S. Banks at Risk
The U.S. Federal Deposit Insurance Corp. said 829 of the county’s 7,800 banks were at risk of failure at the end of June, up from 775 at the end of the first three months of this year.
After the Golden Age of Finance
It is important to maintain some flexibility, to allow institutions like hedge funds and private-equity funds to be swept into the regulatory net if they become large and systemically important.
Rural Businesses Help Agricultural Bank of China Boost H1 Profit
Agricultural Bank of China said its pre-tax profit generated by rural businesses rose 81.9 percent from a year earlier, driven by the expansion of business scales and incremental loan-to-deposit ratio.
Foxconn Intl Loss Widens on Rising Costs
Foxconn International Holdings Ltd. said its first-half loss widened to 143 million U.S. dollars in the first six months.
Ex-Gome Chairman's 14-Year Jail Upheld; His Wife Paroled
Huang Guangyu's conviction and 14-year jail prison term was upheld Monday and his wife Du Juan was freed on parole.
Four Steps to US Fiscal Health
Reshaping the US health-care system to focus on successful outcomes and quality of life, rather than on employing the newest and most expensive technology, is a challenge for which no one yet has a proven solution.
China to Guard Against Inflation in the Second Half
China should guard against inflation in the second half as concerns are mounting over the hikes of prices especially food prices.
China's Coal-Fired Power Plant in Vietnam Approved
Chinese government has approved the project of coal-fired power plant construction in Vietnam, the largest invested by Chinese companies in the country.
Zhuhai Special Economic Zone to Expand for the 4th Time
Zhuhai Special Economic Zone, one of the five special economic zones in China, will be expanded to the whole city of Zhuhai on the southern coast of Guangdong Province.
China Mobile's Acquisition of a 20Pct Stake in SPDB Approved
China Mobile's acquisition of a 20 percent stake in SPDB for 39.8 billion yuan got preliminary approval from China's securities regulator.
China's Alibaba Announces Purchase of U.S. Auctiva
The acquisitions will add more than 250,000 customers to its overall business, and create access to 7 billion U.S. dollars’ business opportunities annually.
China, South Africa Wrapped 10 Business Agreements
Companies and organizations from China and South Africa on Tuesday signed ten business cooperation documents covering areas such as solar power, mining, telecommunications, insurance and finance.
Non-Financial ODI in 2010 to Exceed 50Bln U.S. Dollars
Outbound overseas direct investment (ODI) from China's non-financial sectors is expected to exceed 50 billion U.S. dollars in 2010.
South Africa's President Zuma on Trade Visit in China
Bilateral trade between China and South Africa grew 56.1 percent in the first six months this year, with a total trade value of $10.81 billion.
China to Become a Net Exporter of Auto Vehicles By 2015
China is expected to become a net exporter of auto vehicles during the 12th “Five-Year” plan (2010-2015).
China Construction Bank Reports Rising Half-Year Profit
Net profit for the first six months was 70.78 billion yuan while net interest income rose 14.96 percent to 117.8 billion yuan during the same period.
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