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Reuters - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations.
Published on Sat, Nov 07, 2009 at 16:12 | Updated at Sat, Nov 07, 2009 at 16:46 | Source : CNBC-TV18 In the past month, we have seen fairly decent economic data coming from the United States whether it was GDP, retail sales,...
NEW YORK, Nov. 7 (Xinhua) -- The U.S. dollar on Friday regained some losses incurred during the past week as the U.S. unemployment rate rose to an unexpected 10.2 percent in October for the first time in 26 years. In New York...
BEIJING, Nov 7 (Reuters) - Banks in China are expected to lend 8-9 trillion yuan in 2010, slowing a touch from this year's likely new-loan total of 10 trillion yuan, Bank of Communications (BoCom) said on Saturday. Robust loan...
U.S. equity markets traded sideway-to-better after the government released a weaker than expected jobs report. The unemployment rate hit also hit a 26-year high at 10.2%. The bears see this report as a sign the economy is...
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. Annual Reports/Financial Figures/Balance Sheet/quarterly report/9-month report Berlin, (euro adhoc) - 6...
A QUESTION OF BUSINESS By P GUNASEGARAM WHO says we don’t top any lists. We have the dubious distinction of coming out top on The Economist’s ranking of most undervalued currencies among 37 developed and developing countries...
The global economic crisis has hit many people hard, affecting people’s daily life in most countries. For China, exports during the past two to three decades have played an increasing role in its economic development,...
Nov 06 09 The driver of the pair, at this time of a global business cycle move from trough to growth, is the S&P futures market. If stocks falter, for whatever reason, and 1050 on the S&P fails to offer support, the euro will...
KUALA LUMPUR: The US dollar will continue to weaken in the medium term as the risk appetite of investors increase with global economies on the mend, said OCBC Bank (M) Bhd head of global treasury Gan Kok Kim.
