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Bank of China Ltd

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  • MOSCOW, July 31- Western sanctions will force foreign shareholders to dig deeper in their pockets to fund Russia's Yamal LNG project, key for Moscow's plans to carve out a greater share of the frozen sea-borne gas market, Novatek said on Thursday.

  • PREVIEW-China July official PMI seen hitting 8-month high Wednesday, 30 Jul 2014 | 5:31 AM ET

    BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.

  • While it's still off-limits to delve too deeply into what government leaders and powerful institutions may be up to, recent' undercover' state TV reports accusing state-owned Bank of China of aiding money laundering and a U.S.-owned food supplier of safety violations suggest the media are more ready to run critical reports.

  • BRASILIA, July 17- China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure.

  • BRASILIA, July 17- Brazilian aircraft maker Embraer agreed to sell up to 60 commercial passenger jets to China and mining company Vale received two new credit lines from Beijing, as the presidents of the two countries signed agreements to deepen commercial ties.

  • *U.S. imposes toughest Russia sanctions yet over Ukraine. LONDON, July 17- New U.S. sanctions imposed on Russia for its actions in Ukraine will make it more difficult for Russian companies to refinance existing international loans and has dashed hopes that Russia's syndicated loan market is reopening, bankers said on Thursday.

  • *U.S. imposes toughest Russia sanctions yet over Ukraine. LONDON, July 17- New U.S. sanctions imposed on Russia for its actions in Ukraine will make it more difficult for Russian companies to refinance existing international loans and has dashed hopes that Russia's syndicated loan market is reopening, bankers said on Thursday.

  • SHANGHAI, July 15- Major Chinese banks have temporarily suspended a yuan remittance service after a state broadcaster accused the country's fourth biggest lender Bank of China of allowing wealthy Chinese to launder money offshore through the scheme, the Wall Street Journal reported on Tuesday.

  • SHANGHAI, July 11- China's central bank is looking into allegations by a state broadcaster that Bank of China, the country's fourth largest lender, has been laundering money offshore for clients, the official Xinhua news agency said on Friday.

  • Hong Kong shares finish higher on Fed relief Thursday, 10 Jul 2014 | 4:08 AM ET

    HONG KONG, July 10- Hong Kong shares ended slightly higher on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

  • China shares weak on trade data; power producers strong Thursday, 10 Jul 2014 | 3:06 AM ET

    HONG KONG, July 10- China shares were limp on Thursday after June export data came in weaker than expected, but the power sector outperformed after a report said a draft plan for reforming the country's power had been drawn up. Huadian Power climbed 4 percent, while Huaneng Power 0.7 percent. Bank of China was the biggest index drag in Shanghai, sinking 0.8 percent.

  • *Hong Kong property rebounds as interest rate rise seems delayed. HONG KONG, July 10- Hong Kong shares rose on Thursday after the Federal Reserve indicated it was in no rush to end quantitative easing and begin raising U.S. interest rates, although gains were trimmed after Chinese export data came in weaker than expected.

  • CCTV accuses Bank of China of money laundering     Wednesday, 9 Jul 2014 | 8:42 PM ET

    Jim Antos, Bank Analyst at Mizuho Securities Asia, says CCTV's report may be part of Beijing's anti-corruption campaign.

  • *Tencent has biggest fall in over a month after U.S. tech shares fall. HONG KONG, July 9- Hong Kong shares fell on Wednesday after U.S. stocks skidded, with Internet giant Tencent the biggest drag, while Chinese markets were knocked off three-week highs as banks fell. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.1 percent.

  • China's yuan global ambition faces payments hurdle Tuesday, 8 Jul 2014 | 7:28 PM ET

    China's quest to turn its yuan into a global currency has halted as the planned worldwide payments superhighway looks certain to get delayed.

  • FACTBOX-Development of China's yuan payment systems Tuesday, 8 Jul 2014 | 5:00 PM ET

    Below are key facts and a timeline concerning development of China's yuan payments system. NOVEMBER 2005- China's central bank announces the expansion of the yuan banking business in Hong Kong.

  • China's yuan global ambition faces payments hurdle Tuesday, 8 Jul 2014 | 5:00 PM ET

    BEIJING/ HONG KONG, July 9- China's quest to turn its yuan into a full-fledged global currency has hit a road-block as the planned roll-out of a worldwide payments superhighway looks certain to get delayed because of policy snags and technology challenges.

  • Hong Kong shares also edged lower, with the Macau gaming sector extending losses as revenue remained sluggish during the first week of July. The China Enterprises Index of the top Chinese listings in Hong Kong was flat.

  • Asia stocks mixed before US jobs report, ECB meeting Thursday, 3 Jul 2014 | 3:09 AM ET

    Asian equity markets turned mixed on Thursday in cautious trade before key U.S. economic data and a European Central Bank meeting.

  • *China allows banks to set OTC dollar/yuan rates. *A small step in China's gradual forex reform. BEIJING, July 2- China will permit banks to set their own exchange rates for the yuan against the dollar in deals with clients, in a further step to relax controls to make the currency more market-driven.