Bank Of-china

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Bank Of-china - Total results - 17
Reliance Industries' mega rights issue largest in world by non-financial issuer in 10 years, says analyst
Business

Reliance Industries' mega rights issue largest in world by non-financial issuer in 10 years, says analyst

Oil-to-telecom conglomerate Reliance Industries Ltd's rights issue opened for the subscription of shareholders on 20 May 20 and will close on Wednesday.

DBS Bank expected to roll out more branches in India from October through new wholly-owned subsidiary
Business

DBS Bank expected to roll out more branches in India from October through new wholly-owned subsidiary

DBS is a big project and infrastructure finance house, rated among the top three or four in Asia

MHA raises objection to Industrial and Commercial Bank of China's proposal to open second branch in India
Business

MHA raises objection to Industrial and Commercial Bank of China's proposal to open second branch in India

The Ministry of Home Affairs (MHA) has reportedly raised objections to a proposal by the Industrial and Commercial Bank of China (ICBC) to open a second branch in India.

Reserve Bank of India grants licence to Bank of China to operate here
Business

Reserve Bank of India grants licence to Bank of China to operate here

RBI approval follows Prime Minister Narendra Modi's commitment that India would expedite procedures to allow the BoC to set up branches in India.

China's central bank wants to regulate power usage of bitcoin miners for reducing the scale of their production
News & Analysis

China's central bank wants to regulate power usage of bitcoin miners for reducing the scale of their production

China had ordered all initial coin offerings to cease and all cryptocurrency trading exchanges to be shuttered with the aim of containing financial risks.

China orders all Beijing-based cryptocurrency exchanges to cease trading and close down
News & Analysis

China orders all Beijing-based cryptocurrency exchanges to cease trading and close down

Exchanges were also told to stop allowing new user registrations as of 15 September, according to a government notice signed by the Beijing city group.

China's focus on short-term targets puts mid-term growth at risk: IMF
Business

China's focus on short-term targets puts mid-term growth at risk: IMF

The main cost of stronger growth in China "is further large increases in public and private debt", the IMF said in its annual review of China's economy.

US court issues show-cause notice to Sahara in $350-mn lawsuit
Business

US court issues show-cause notice to Sahara in $350-mn lawsuit

In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a $350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream Downtown.

Subrata Roy has no funds to bail himself out but Sahara is bidding for Grosvenor again
Business

Subrata Roy has no funds to bail himself out but Sahara is bidding for Grosvenor again

However, it is unlikely that the group will get enough funds to buy the iconic hotel back

Sahara says submissions to SC can't be subject of media trial
Corporate

Sahara says submissions to SC can't be subject of media trial

In a statement, Sahara said "submissions made before the court for adjudication in a sub-judice matter cannot be subjected to public debates and speculative media trials, as the same can attract contemptuous liability".

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr
India

Sahara's Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr

In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain "technical breaches".

Sahara files lawsuit against Mirach for forgery, says new deal soon
Business

Sahara files lawsuit against Mirach for forgery, says new deal soon

Sahara and Mirach were asked to finalise their deal by 20 February to help arrange funds for securing release of Roy and his two colleagues, who have been lodged in Tihar Jail for almost a year now.

Sahara's Subrata Roy an acquirer of assets, not seller, says Mirach's Saransh
Business

Sahara's Subrata Roy an acquirer of assets, not seller, says Mirach's Saransh

The Mirach Capital Group chief did not agree that his firm had to do anything with the deal not working out smoothly.

Bank of China, Honda, Amazon, Google make it to list of least transparent companies
Economy

Bank of China, Honda, Amazon, Google make it to list of least transparent companies

The Berlin-based anti-corruption watchdog named Bank of China, Honda Motor, Bank of Communications, Agricultural Bank of China and Russia's Sberbank as the five least transparent companies.<br />

Is RBI the one-eyed hawk in a world of blind bankers?
World

Is RBI the one-eyed hawk in a world of blind bankers?

If the world could avoid recession by printing money it should have done so long ago. Maybe more of the same remedies that don't work isn't the answer

China's worrying external debt at 27-yr high of $695 bn
Economy

China's worrying external debt at 27-yr high of $695 bn

The jump in foreign debt shows that China, which lends more than it borrows, is borrowing more from overseas to hedge against the devaluation of its foreign exchange reserves.

Cutting cost further? RBS shuts some Asia units, sacks 70
Business

Cutting cost further? RBS shuts some Asia units, sacks 70

RBS has halved the size of its investment bank as part of a major retreat since its 2008 taxpayer bailout, and has been forced by the British government and lower profitability across the industry to extend the retreat further.