Bank of China Ltd


  • SHANGHAI/ HONG KONG, Aug 26- Agricultural Bank of China Ltd on Tuesday became the third major Chinese bank to report slowing profit growth and rising bad loans for the second quarter, as a slowing economy impacts lenders. AgBank joins Bank of China and Bank of Communications which reported a similar results this month.

  • China shares fall as money diverted for coming IPOs Tuesday, 26 Aug 2014 | 3:08 AM ET

    HONG KONG, Aug 26- China shares fell on Tuesday, as a batch of initial public offerings that start taking subscriptions later this week divert money from existing stocks. The CSI300 of the leading Shanghai and Shenzhen A-share listings slid 0.8 percent to its lowest close in almost a month.

  • SINGAPORE, Aug 25- BOC Aviation, the leasing arm of Bank of China, has placed the biggest order in its 20- year history for 80 Boeing medium-haul passenger planes, weeks after lessor SMBC Aviation ordered 115 Airbus jets.

  • ROME, Aug 24- The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.

  • Goldman Sachs was one of the first to spot the potential in China for preferred shares, a form of hybrid security which listed companies can sell to raise capital with minimal dilution in the value of shares held by existing stakeholders.

  • HONG KONG/ SHANGHAI, Aug 21- China's Bank of Communications Co Ltd said on Thursday it expects bad loans to rise this year as businesses in major manufacturing regions suffer in a slowing economy, the second big lender to make such a forecast this week.

  • *China Aug factory activity slowed to 3- month low. The HSBC/ Markit Flash China Manufacturing Purchasing Managers' Index fell to 50.3 from July's 18- month high of 51.7, missing a Reuters forecast of 51.5. "Today's data suggest that the economic recovery is still continuing but its momentum has slowed again," said Hongbin Qu, chief economist for China at HSBC.

  • Wall Street's upbeat performance overnight, helped by a subside in geopolitical tensions, elevated Asian bourses to fresh closing highs on Tuesday.

  • *Hong Kong shares flat ahead of major bank earnings. SHANGHAI, Aug 19- China's stock indexes fell slightly by midday on Tuesday due to weakness in the financial sector while Hong Kong shares were mostly flat on investor caution ahead of earnings.

  • SHANGHAI, Aug 18- Hong Kong shares ended flat on Monday, dampened by weakness in the property and financial sectors after China released weak home prices and foreign direct investment data. Sun Hung Properties fell 0.7 and Bank of China was down near 0.5 percent.

  • *Media-related shares up on Shanghai- Hong Kong stock pilot. SHANGHAI, Aug 18- China's stock indexes rose moderately on Monday, with the Shanghai Composite Index touching its highest since December 2013 even amid weak investment and housing data, but home price slides on the mainland dampened shares in Hong Kong.

  • BEIJING, Aug 18- China's new home prices fell in July from June for a third straight month and price softness spread to more major cities, underlining a worsening property downturn despite efforts by many local governments to shore up the sector.

  • Asia week ahead: Japan trade, China flash PMI Sunday, 17 Aug 2014 | 6:30 PM ET
    A scene of Chinese workers assembling machinery parts in a factory.

    Investors will be looking at data due from Japan and China in the week ahead, for further cues on the health of Asia's two largest economies.

  • Most Asian equities traded higher on the last trading day of the week, taking cues from a firm finish on Wall Street overnight.

  • Most Asian bourses traded higher on Thursday following a firmer finish on Wall Street overnight.

  • NEW YORK, Aug 8- Arab Bank Plc goes on trial next week in New York over claims that it provided material support to the Palestinian group Hamas, in what one of the plaintiffs' lawyers said is the first terrorism financing case against a bank to go to trial in the United States.

  • Chinese banks get serious about risk of bad debts Thursday, 7 Aug 2014 | 7:34 PM ET

    Chinese banks are cutting off riskier borrowers, tightening lending terms, and deploying teams of investigators to assess the risk of loan defaults.

  • China's banks keep reporting bad loan levels well below what most analysts consider realistic, but their recent actions suggest the slowing economy may be squeezing borrowers and lenders harder than thought only a few months ago.

  • MILAN, Aug 7- Norway's sovereign wealth fund was the single largest shareholder to vote against Italian carmaker Fiat's merger with its U.S. unit Chrysler, according to minutes of the Aug. 1 shareholder meeting.

  • SYDNEY, Aug 7- Australia may ease rules on a visa scheme aimed at luring investment from wealthy Chinese to help clear a backlog of applications and in the wake of complaints that disclosure requirements are too strict, lawyers and migration agents said.