Finance Banks

  • LONDON, Aug 30- Euro zone bond yields edged lower on Tuesday as hawkish comments from a top U.S. rate-setter reinforced expectations of a Federal Reserve rate hike, while Italy passed a test of investor sentiment by selling bonds at record low yields. Total bids exceeded 10 billion euros despite investor worries about the autumn's constitutional referendum...

  • CHINA'S BIG 4 BANKS TO BE INCLUDED IN DEBT TO EQUITY PILOT. BEIJING, Aug 30- Industrial& Commercial Bank of China Chairman Yi Huiman said the country's Big Four state-owned commercial banks and Big Four asset management companies would be included in the country's debt-to-equity pilot scheme. China could allow industrial firms to convert their debt into...

  • BRIEF-ICBC CHAIRMAN SAYS FIRST NPL-BACKED SECURITIES WON'T. Aug 30- Speaking at a press conference in Beijing, Industrial& Commercial Bank Of China Chairman Yi Huiman said. *ICBC's first batch of NPL-backed securities will not exceed 5 billion yuan.

  • *Japan's Suga signals action if yen strength excessive. LONDON, Aug 30- The dollar hovering near a two-week high against a basket of currencies on Tuesday with investors focused on the next set of U.S. data to see whether it supports expectations that the Federal Reserve will raise interest rates soon. Despite hawkish comments last week from both Fed Chair Janet...

  • SHANGHAI/ BEIJING, Aug 30- Two of China's Big-Five banks, ICBC and BoC, reported on Tuesday near flat profits as margins shrank, mirroring results of other major domestic lenders that are feeling the pain of China's slowing economic growth that is hitting borrowers. Industrial and Commercial Bank of China, the country's largest bank by assets, reported a 0.8...

  • SHANGHAI/ BEIJING, Aug 30- Two of China's Big-Five banks, ICBC and BoC, reported on Tuesday near flat profits as margins shrank, mirroring results of other major domestic lenders that are feeling the pain of China's slowing economic growth that is hitting borrowers. Industrial and Commercial Bank of China, the country's largest bank by assets, reported a 0.8...

  • Aug 30- Bank of Nova Scotia reported a 6.1 percent rise in third-quarter earnings, driven by growth in both its domestic and international banking businesses. Net income rose to C $1.96 billion in the quarter ended July 31 from C $1.85 billion a year earlier. On a per-share basis, the bank earned C $1.54, compared with C $1.45.

  • LONDON, Aug 30- Gold fell on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates at the weekend, boosting the dollar, while attention turned to U.S. payrolls data this week for further clues on the pace of rate hikes. Fed Chair Janet Yellen said on Friday the case for higher rates was strengthening, though she gave little clarity on when...

  • SHANGHAI, Aug 30- Bank of China Ltd, the country's fourth-biggest lender by assets, reported a 2.5 pct increase in net profit in the first half, helped by the disposal of Nanyang Commercial Bank. BoC said on Tuesday its net profit for the January-June period was 93.0 billion yuan, compared to 90.7 billion yuan in the year-ago period. The first-half figure implies a...

  • SHANGHAI/ BEIJING, Aug 30- Industrial and Commercial Bank of China, the country's largest bank by assets, reported a 0.8 percent growth in its first-half net profit, accompanied by a decline in its bad debt ratio. ICBC said on Tuesday its net profit for the January-June period was 150.2 billion yuan, up from 149.0 billion in the year-ago period.

  • SHANGHAI, Aug 30- Hong Kong shares bounced on Tuesday amid doubts the Federal Reserve would raise interest rates as soon as September. Most sectors in Hong Kong rose, with material stocks leading the rise. China Southern Airlines' Hong Kong- traded stock slumped over 6 percent, after the carrier reported an 11 percent drop in first-half profit.

  • SHANGHAI, Aug 30- China stocks closed higher on Tuesday as banking shares rebounded, shaking off generally weak earnings reports and concerns about bad loans, although the selling in transport stocks left major indexes little changed. China's markets have struggled to make headway amid growing perceptions that the central bank is in no hurry to ease policy...

  • Moody's is raising the red flag on the Chinese banking sector as small and mid-size banks increasingly rely on wholesale funding.

  • The problems facing China's banks

    Problems in China's banking sector are starting to be resolved, says Jason Bedford, banking analyst at UBS.

  • SHANGHAI, Aug 30- China's yuan rebounded from the prior session's six-week low on Tuesday as a dollar rally lost momentum on renewed doubts of a near term rate rise by the U.S. "Investors here had expected the dollar to stage a solid uptrend after Yellen's speech," said a trader at a Chinese commercial bank in Shanghai. In Shanghai, the People's Bank of China set the...

  • SHANGHAI, Aug 30- China's yuan rebounded from the prior session's six-week low on Tuesday as a dollar rally lost momentum on renewed doubts of a near term rate rise by the U.S. "Investors here had expected the dollar to stage a solid uptrend after Yellen's speech," said a trader at a Chinese commercial bank in Shanghai. In Shanghai, the People's Bank of China set the...

  • SHANGHAI, Aug 30- China banking shares rebounded on Tuesday, shaking off generally weak earnings reports and concerns about bad loans, but selling in transportation stocks left major indexes little changed. China's markets have struggled to make headway amid growing perceptions that the central bank is in no hurry to ease policy soon, for fear of adding to...

  • BRASILIA- Brazil central bank holds monetary policy committee meeting SARAJEVO- The President of the European Bank for Reconstruction and Development Suma Chakrabarti will visit Bosnia and Herzegovina. WEDNESDAY, AUGUST 31 BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

  • PAUL, United States- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in conversation on "The Role of the Fed and its Board of Directors," hosted by the Amherst H. Wilder Foundation- 1200 GMT. BEIJING- Federal Reserve Bank of Boston President Eric Rosengren participates in panel before the "Business Cycles, Financial Markets and Monetary...

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