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Industrial and Commercial Bank of China Ltd

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  • SHANGHAI, May 21- China could fully liberalise its interest rate regime as early as July and almost certainly by the year-end, according to money market traders gearing up for the change. "July is a window because it will be the second anniversary of China's liberalisation of its loan rates in July 2013," he said. But banks' response to the change was muted, with China's...

  • DUBAI, May 20- An $85 million loan taken out by a Ugandan bank this year points to an emerging trend in international capital markets: the rise of the Gulf as a syndicated loan market for Africa and Asia. Stanbic Bank Uganda originally intended to raise $75 million through the 18- month deal in January, but expanded that because of strong interest from banks wanting...

  • On his first official trip to Latin America, Li saw a raft of agreements signed, ranging from a $1 billion purchase of passenger jets made by Brazil's Embraer to the lifting of an import ban on Brazilian beef and a long-discussed plan to build a railroad over the Andes to the Pacific. The fund was another sign of China flexing its financial might in Latin America, a...

  • BRASILIA, May 19- Chinese Premier Li Keqiang will push trade, finance and investment deals worth tens of billion of dollars on Tuesday to help Brazil upgrade its dilapidated infrastructure and boost a slumping economy. On his first official trip to Latin America, Li will meet President Dilma Rousseff and attend the signing of a raft of agreements ranging from a...

  • SAO PAULO/ BEIJING, May 15- Industrial and Commercial Bank of China Ltd, the world's largest bank by assets, said on Friday it is not aware of plans to create a $50 billion fund to finance infrastructure investments in Brazil. "ICBC highly values the cooperation with Brazilian financial institutions and will actively promote China and Brazil economic...

  • BRASILIA, May 13- Caixa Econômica Federal, Brazil's top mortgage lender, and the Industrial and Commercial Bank of China Ltd will create a $50 billion fund for Brazilian infrastructure investments, two government sources with knowledge of the plans said on Wednesday. The governments agreed the fund will finance a railway link from Brazil's Atlantic coast to...

  • SHANGHAI, May 11- China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalization of the deposit rate system eating into their profit margins. The People's Bank of China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs, while...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to riskier small businesses and the rural sector, even though the banking sector reported a jump in troubled loans in the first quarter. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4 percent,...

  • BEIJING, May 8- China's banking regulator urged commercial banks on Friday to increase lending to small businesses and the rural sector, a move that may bolster the cooling economy but also risks saddling banks with more troubled loans. Currently, China's commercial bank non-performing loan ratio for small business lending stands at around 3 percent to 4...

  • China solar expansion needs billions from wary investors Wednesday, 29 Apr 2015 | 5:00 PM ET

    *China's solar installation target for 2015 up 70 pct. HONG KONG/ SHANGHAI, April 30- Chinese solar companies, some already heavily indebted, will need to raise many billions of dollars this year to fund a big expansion in capacity, a major test of investor confidence in a sector hit hard by the global financial crisis. Beijing last month announced a solar...

  • Asian equities retreat on lackluster earnings; Fed eyed Wednesday, 29 Apr 2015 | 3:30 AM ET

    Asian markets mostly fell on Wednesday as investors digested the raft of earnings due in the region and awaited the Federal Reserve's statement.

  • Asian stocks mostly advanced on Thursday despite data showing China's factory activity at a one-year low.

  • HONG KONG, April 23- China formally announced details of three more free trade zones this week, a move that suggests the originally Shanghai- driven initiative has now escalated to the national level, analysts say. The new FTZs in Guangdong, Fujian and Tianjin will be modelled after the Shanghai FTZ established in 2013 as a testing ground for looser rules...

  • SINGAPORE, April 23- Earnings growth at China- listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century. Brokerages have seen commission income rocket due to high trading volume, and are likely to benefit further when Hong Kong investors start buying...

  • *BBVA expected to sell stake in CITIC Bank- sources. *Goldman Sachs is top underwriter of Hong Kong blocks. HONG KONG, April 21- A sharp rally in Hong Kong stocks has spawned 11 block trades worth $3.4 billion in April alone and bankers say a raft of similar deals is waiting in the wings, including Spanish lender BBVA's stake in China's CITIC Bank Corp..

  • *Xi says China- Pakistan security, economies linked. ISLAMABAD, April 20- China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth $46 billion, linking their economies and underscoring China's economic ambitions in Asia and beyond. China's President Xi Jinping arrived in Pakistan to oversee the signing of...

  • *Xi says China- Pakistan security, economies linked. ISLAMABAD, April 20- China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth $46 billion, linking their economies and underscoring China's economic ambitions in Asia and beyond. China's President Xi Jinping arrived in Pakistan to oversee the signing of...

  • Fresh China easing fail to boost Asian stocks Monday, 20 Apr 2015 | 4:37 AM ET
    An investor observes stock market at a stock exchange corporation on April 10, 2015 in Huaibei, Anhui province of China. The Shanghai composite index rised nearly 2% to 4,000 points at its close which reached the highest points in latest 7 years.

    Asian stocks finished lower on Monday even as China's central bank lowered the reserve requirement ratio over the weekend.

  • ISLAMABAD, April 20- Chinese President Xi Jinping arrived in Pakistan on Monday to launch $46 billion in projects linking the old allies, a figure that far exceeds U.S. spending in Pakistan and underscores China's economic ambitions in Asia and beyond. The plan is part of China's aim to forge " Silk Road" land and sea ties to markets in the Middle East and Europe and...

  • ISLAMABAD, April 20- Chinese president Xi Jinping is due in Pakistan on Monday where he will launch $46 billion in projects linking the old allies, a figure that far exceeds U.S. spending in Pakistan and underscores China's projection of power in Asia. The infrastructure and energy projects are aimed at establishing a Pakistan-China Economic Corridor between...