Industrial and Commercial Bank of China Ltd


  • 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.

  • China, Brazil close plane, finance, infrastructure deals Thursday, 17 Jul 2014 | 12:59 PM ET

    BRASILIA, July 17- China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer.

  • BRASILIA, July 17- Brazil's Embraer SA agreed to sell 60 E-190 commercial passenger jets to China as part of a raft of deals signed by the presidents of the two countries to deepen commercial ties, the Brazilian government said on Thursday.

  • Brazil's Embraer signs deal to send 60 E-190s to China Thursday, 17 Jul 2014 | 10:23 AM ET

    Embraer will sell 40 planes to China's Tianjin Airlines, half of which will be the re-engined model known as E-190 E2, entering service in 2018. The Industrial and Commercial Bank of China Ltd will buy 20 aircraft, following an accord in 2012 to provide leasing for Embraer planes.

  • *Sands China down to 3- week low as Q2 earnings disappoint. *PetroChina drops after report on detention of two executives. HONG KONG, July 17- China shares slid on Thursday, pulling down Hong Kong markets, as investors moved from blue-chips to some beaten-down growth stocks and keep money aside for new initial public offerings.

  • Asian stocks were mostly higher on Tuesday as investors awaited Federal Reserve Chair Janet Yellen's two-day testimony later in the day.

  • Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data.

  • *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.

  • 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.

  • SINGAPORE, July 8- Singapore sovereign investor Temasek Holdings wants to increase its holdings in China's financial services and technology sectors, banking on the long-term growth prospects of the world's second largest economy.

  • China share-indexes end higher, lifted by banks Wednesday, 2 Jul 2014 | 3:09 AM ET

    HONG KONG, July 2- China shares finished at two-week highs on Wednesday after rises by shares of big banks helped erase morning losses. Industrial and Commercial Bank of China gained 0.6 percent and Bank of China 0.8 percent, the biggest boosts in Shanghai.

  • China Construction Bank, Agriculture Bank of China and Bank of China filled the top four positions. Banks in Japan made $64 billion of profit last year, or 7 percent of the global total, followed by banks in Canada, France and Australia, Brazil and Britain, The Banker said.

  • HONG KONG, June 25- The index of Chinese companies listed in Hong Kong edged down to a one-month closing low on Wednesday, weighed down by China banks and insurers, while the benchmark index remained tepid. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong shed 0.7 percent at 10180.05 points, its lowest since May 27.

  • HONG KONG, June 25- China shares ended lower on Wednesday, with losses led by financial counters as a wave of new initial public offerings continued to divert money from existing stocks.

  • China shares fall on weaker banks, Hong Kong lackluster Wednesday, 25 Jun 2014 | 1:03 AM ET

    HONG KONG, June 25- China shares fell in early trade on Wednesday, weighed down by underperforming financial institutions, while the benchmark index in Hong Kong eked out slim gains. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.4 percent.

  • "There are so many NPLs in China, there's a lot of room for information asymmetry, where assets get written off that actually have some value," said Benjamin Fanger, founder of Shoreline Capital, a Guangdong- based firm specialising in distressed debt investment in China since 2004..

  • Asian stocks turned mixed on Thursday but dovish comments from the U.S. Federal Reserve managed to support sentiment.

  • *China keen to put rights row behind it. LONDON, June 17- A $20 billion liquefied natural gas deal and a move to strengthen London's position in offshore yuan trading will crown a visit by Chinese Premier Li Keqiang to Britain on Tuesday.

  • China shares fall after investment data disappoints Tuesday, 17 Jun 2014 | 3:08 AM ET

    HONG KONG, June 17- China shares fell on Tuesday after data showed the amount of new foreign direct investment that China attracted in May shrank by the most in 16 months. Industrial and Commercial Bank of China shed 1.3 percent and smaller Industrial Bank slumped 1.5 percent.