Industrial and Commercial Bank of China Ltd
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Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.
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SHANGHAI/ HONG KONG, May 22- Chinese commodities firms importing everything from gold and rubber to base metals are struggling to get trade loans as banks scrutinise their activities and hold back credit following Beijing's orders to rein in currency speculation.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China, while China markets eked out a fifth straight daily gain,. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.9 percent.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. *As of 0800 GMT, Industrial and Commercial Bank of China shed 2.1 percent after Goldman Sachs ended a seven-year investment in the country's largest lender.
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Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.
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HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, while China markets looked set for their first loss in five days, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent.
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HONG KONG, May 21- Hong Kong shares were poised to start down from a 3-1/ 2- month high on Tuesday, with Industrial and Commercial Bank of China sliding 1.8 percent after Goldman Sachs launched a sale of their remaining stake in the leading Chinese lender.
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HONG KONG, May 20- Goldman Sachs Group Inc launched the sale of about $1.1 billion worth of Hong Kong- traded shares in Industrial and Commercial Bank of China on Monday, offering its entire remaining stake in the world's biggest bank by market value. The sale would be the final chapter in Goldman's investment alongside clients and employees in China's ICBC.
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Bank of China has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March.
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BEIJING, May 7- Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it of helping finance Pyongyang's nuclear weapons programme.
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BEIJING, May 7- Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it of helping finance Pyongyang's nuclear weapons programme.
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BEIJING, May 7- Bank of China Ltd has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March after Washington accused it of helping finance Pyongyang's nuclear weapons programme.
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BEIJING, May 7- Bank of China Ltd has shut the account of a major North Korean bank which was sanctioned by the United States in March after Washington accused it of helping finance Pyongyang's banned nuclear weapons programme.
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China Galaxy Securities Co Ltd launched an up to $1.37 billion initial public offering on Monday, with 21 banks working as joint bookrunners- a record for the city. Joint bookrunner and joint global coordinator: ABCI, unit of Agricultural Bank of China Galaxy International Goldman Sachs JPMorgan Nomura.
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HONG KONG, May 6- State-owned China Galaxy Securities Co Ltd set a record for Hong Kong's IPO market on Monday, with a total of 21 banks working as joint bookrunners on its $1.37 billion offering.
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MTN Nigeria became the latest borrower last week when it agreed a $3 billion loan to expand its network through Nigeria's Guaranty Trust Bank and other lenders Citigroup, Standard Chartered, Industrial and Commercial Bank of China, China Development Bank and China Construction Bank.
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Chinese executives at state-owned groups have long been among the lowest paid of their global peers, but even their apparently meager pay is generating controversy. The Financial Times reports.
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HONG KONG, April 28- Hong Kong shares could start a holiday-shortened week off a six-week high on Monday, tracking Wall Street losses after a disappointing U.S. first quarter gross domestic product report.
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HONG KONG, April 28- Hong Kong shares could start a holiday-shortened week off a six-week high on Monday, tracking Wall Street losses after a disappointing U.S. first quarter gross domestic product report.
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*ICBC Q1 net profit 68.7 bln yuan vs 66.1 bln yuan view. HONG KONG, April 26- Weak deposit growth weighed on China's banks in the first quarter, forcing lenders including the Industrial and Commercial Bank of China Ltd to pay more for savers' money and eating into their margins.
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Asian stock markets traded cautiously on Friday as investors digested a raft of regional corporate earnings and as attention turned to first-quarter U.S. GDP figures for signs of whether the rally on Wall Street can continue.