Canara Bank will close its three foreign branches - Leicester (UK), Bahrain, and Shanghai - and sell its 50 per cent stake to State Bank of India (SBI) in Russia as part of rationalisation of overseas branch network. Rakesh Sharma, bank’s managing ... ( read original story ...)
British bank expects PH trade deficit to further rise
Hongkong and Shanghai Banking Corp. said it expects the trade deficit of the Philippines to widen further to $3.719 billion in February from $3.317 billion in January amid surging imports that continue to outpace exports. The British bank said in a report ... ( read original story ...)
Shanghai Stock Exchange Launches Entity Investor Education Base
The entity investor education base of the Shanghai Stock Exchange (SSE) was officially put into operation ... principle and increase investor’s sense of gain in the capital market in 2018. Funny interaction: new technology brings new experience to ... ( read original story ...)
China’s central bank says will skip open market operations
SHANGHAI (Reuters) - China’s central bank said it will skip open market operations on Wednesday as liquidity levels in the banking system were “relatively high”. On a net basis, the People’s Bank of China (PBOC) will neither inject nor drain any ... ( read original story ...)
China regulator approves battery giant CATL’s $2 billion IPO: Xinhua
SHANGHAI (Reuters) - China’s securities regulator has approved ... The China Securities Regulatory Commission (CSRC) approved the IPO at a meeting on Wednesday, Xinhua said, citing a statement on the CSRC website. CATL said the funds from the listing ... ( read original story ...)
China shares lower at close of trade; Shanghai Composite down 0.15%
Declining stocks outnumbered rising ones by 808 to 497 and 59 ended unchanged on the Shanghai Stock Exchange. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 8.75% to 28.79. In commodities ... ( read original story ...)
Stock Markets Slump for Second Day on Fears of Trade War With China
(BEIJING) — Global stock markets fell for a second day Tuesday amid jitters about U.S.-Chinese trade tensions and mounting public scrutiny of technology companies. Market benchmarks in London, Frankfurt, Shanghai and Tokyo all declined. The dollar sank ... ( read original story ...)