Tags: Bank of China

Chinese stocks show positive movement as Japan's Nikkei Stock drops

Chinese stocks rose on Monday over the belief that lenient inflation data would promote policymakers to elevate the economic condition by additional financial easing. The benchmark Shanghai composite Index in China ended the trading session at 30333.96.


Italian Banks Face a Bailout Following a Surmounting Bad Loans

Italy faces a €4.95 billion ($5.65 billion) bailout after bad loans in its banks accumulated to an alarming rate. The bank shares have lost close to half of its value in the last 12 months.

GazProm Takes $2.17 Billion Loan From China

Russian energy company GazProm signed a loan agreement with Bank of China on Thursday. GazProm borrowed €2 billion ($2.17 billion) on a 5-year term

Cheung Kong agrees to buy stakes worth $2 billion in aircraft for leasing

Cheung Kong Holdings Ltd (0001.HK), owned by Asia's richest man Li Ka-shing, said it had agreed to buy stakes worth $2.02 billion in about 60 aircraft as part of the property firm's push into airplane leasing.


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Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
Shuanghui Int'l buys Smithfield Foods through loan facilities provided by Morgan Stanley and the Bank of China.
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