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Finance: China Bank starts LTNCD offer

CHINA BANKING Corp. has started a public offering of the first tranche of its P20 billion worth of long-term negotiable certificates of time deposits (LTNCDs) this week, with the issuance expected to support the lender's continued expansion......»»

Category: financeSource:  bworldonlineRelated NewsNov 7th, 2016

BYD Said to Get $8.9 Billion Financing for Monorail Development

BYD Co., China’s largest electric-car manufacturer, secured a 60 billion yuan ($8.9 billion) loan commitment from China Development Bank to fund the development of its monorail business, people with knowledge of the matter said......»»

Category: newsSource: NewsOct 11th, 2016

China’s forex reserves fall to 5-year low in September

China's mountain of foreign exchange reserves dropped around $19 billion in September to a five-year low, government data showed, with the central bank spending heavily to defend its currency against capital outflows......»»

Category: newsSource: NewsOct 8th, 2016

China Bank to inject P2B more into thrift bank arm

CHINA Banking Corp., a banking affiliate of the SM Group, on Thursday announced the approval of a fresh P2-billion capital infusion to its thrift bank arm China Bank Savings Inc. (CBSI). “This is to inform the Exchange that our Executive Committee a.....»»

Category: newsSource:  manilatimes_netRelated NewsSep 22nd, 2016

China Bank profit up 30% in H1

MANILA, Philippines - Earnings of China Banking Corp......»»

Category: financeSource:  philstarRelated NewsAug 5th, 2016

Finance: Metrobank's earnings hit P9.1B

METROPOLITAN Bank & Trust Co. (Metrobank) saw flattish earnings in the first half of the year due to the lack of a one-off gain and higher operating expenses, although its recurring income posted solid growth during the period propelled by the continued e.....»»

Category: financeSource:  bworldonlineRelated NewsAug 3rd, 2016

Microsoft delivers earnings surprise, stock rises

SAN FRANCISCO, USA Microsoft said Tuesday, July 19, it posted a profit of $3.1 billion in the just-ended quarter, swinging into the black a year after hefty charges from writing off mobile phone assets. The profit in the tech giant's 4th fiscal quart.....»»

Category: newsSource:  rapplerRelated NewsJul 20th, 2016

Corporate News: SMC allocates P281 billion for big-ticket projects

SAN MIGUEL Corp. (SMC) is spending P281 billion to finance the expansion of its businesses in line with efforts to grow its revenues by half and double earnings before interest, taxes, depreciation, and amortization (EBITDA) by 2020......»»

Category: financeSource:  bworldonlineRelated NewsJan 12th, 2017

Wild-card entry Bouchard wins 1st-round match at Sydney

SYDNEY (AP) — Eugenie Bouchard made the most of her wild-card entry to the Sydney International, beating Zhang Shuai of China 7-6 (1), 6-2 on Sunday in a first-round match. Bouchard, a 22-year-old former Wimbledon finalist, was beaten in the first round of the Brisbane International last week in her first warmup tournament for the Australian Open, which begins on Jan. 16 and where she was a surprise semifinalist in 2014. The Canadian went on to make the semis at the French Open that year before losing to Petra Kvitova in the Wimbledon final. Bouchard finished that year ranked seventh, but injuries and poor form since have seen her ranking slide to 46. Earlier at Sydney, two-time Grand Slam singles champion Svetlana Kuznetsova defeated Irina-Camelia Begu of Romania 6-1, 6-4. Defending champion Kuznetsova broke the Romanian's serve in the ninth game of the second set, then held serve to advance to the second round of the ATP-WTA tournament. Yulia Putintseva of Kazakhstan advanced when Belinda Bencic of Switzerland, who partnered Roger Federer in last week's Hopman Cup, retired with a toe injury when Putinseva was up 6-4, 2-3. In a first-round men's match at Sydney, France's Nicolas Mahut beat Thomaz Bellucci of Brazil 6-2, 7-6 (2). Earlier, Brisbane International finalists Karolina Pliskova and Alize Cornet withdrew from their next scheduled tournaments due to injuries. Pliskova, who beat Cornet 6-0, 6-3 at Brisbane on Saturday evening, withdrew from the Sydney International with a left inner thigh injury. Pliskova, who would have been seeded fourth in Sydney, was replaced by lucky loser Roberta Vinci of Italy. Sydney officials also announced seventh-seed Elina Svitolina of Ukraine withdrew due to a viral illness. 'I've had constant headaches for the last two days and unfortunately in today's hot weather it got even worse when I was warming up and my body wasn't ready to compete,' Svitolina said. Svitolina was scheduled to play Olympic champion Monica Puig on Sunday, but Puig will now play a lucky loser from qualifying on Monday. No. 1 Angelique Kerber and third-ranked Agnieszka Radwanska remain in the Sydney draw. At Hobart, defending champion Cornet withdrew from the tournament with a back injury, a Tennis Australia official said. American Shelby Rogers posted the first upset of that tournament in the opening match, beating second-seeded Anastasija Sevastova of Latvia 6-2, 1-6, 6-4. Lizette Cabrera of Australia continued the Hobart trend, beating fifth-seeded Misaki Doi of Japan 6-4, 5-7, 7-5. Third-seeded Monica Niculescu defeated former No. 1 Jelena Jankovic 6-2, 6-3. In a men's tournament at Auckland, New Zealand, top-seeded Roberto Bautista Agut and second-seeded John Isner headline the entries. Bautista Agut, Isner, third-seeded David Ferrer and No. 4-seeded Jack Sock have first-round byes in the tournament which begins Monday. .....»»

Category: sportsSource:  abscbnRelated NewsJan 8th, 2017

Cyprus largest bank: EU rescue funds fully repaid

NICOSIA — Cyprus' biggest bank says it has fully repaid 11.4 billion euros ($11.9 billion) of emergency cash it received to stay afloat during a 2013 banking.....»»

Category: newsSource:  philstarRelated NewsJan 5th, 2017

Deutsche Bank, Credit Suisse agree billion-dollar settlements in U.S.

Deutsche Bank, Credit Suisse agree billion-dollar settlements in U.S......»»

Category: newsSource:  rapplerRelated NewsDec 23rd, 2016

Government readies list of big-ticket projects for AIIB funding

THE GOVERNMENT is now drawing up an initial list of major projects to be submitted to the Asian Infrastructure Investment Bank (AIIB) following Philippine ratification last week of its membership in the China-led new regional lender, the Finance departmen.....»»

Category: newsSource:  bworldonlineRelated NewsDec 12th, 2016

AIIB entry boosts Phl econ agenda

MANILA, Philippines - The China-led Asian Infrastructure Investment Bank (AIIB) will help in the fulfillment of President Duterte’s 10-point socio-economic a.....»»

Category: financeSource:  philstarRelated NewsDec 10th, 2016

PBB taps into IFC’s $5-B trade finance program

MANILA, Philippines – Philippine Business Bank (PBB), the financial arm of the Yao Group of Companies, has availed of the $5 billion global trade-finance pro.....»»

Category: financeSource:  philstarRelated NewsDec 6th, 2016

China currency dips to 8-year low vs dollar

BEIJING– China’s central bank set the value of the yuan at the currency’s lowest level against the US dollar in more than eight years on Friday......»»

Category: financeSource:  philstarRelated NewsNov 26th, 2016

Bank of China to host cross-border trade and investments conference next year

Bank of China to host cross-border trade and investments conference next year.....»»

Category: newsSource:  inquirerRelated NewsNov 22nd, 2016

China Bank raises P9.6-B via LTNCD

MANILA, Philippines - China Banking Corp......»»

Category: financeSource:  philstarRelated NewsNov 21st, 2016

Property & Infrastructure: Anbang, Blackstone nearing $2.3-B Japanese property deal

TOKYO -- China's Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan's biggest property deal since the glo.....»»

Category: financeSource:  bworldonlineRelated NewsNov 21st, 2016

Swiss bank describes PH pivot to China positive

Swiss bank describes PH pivot to China positive.....»»

Category: financeSource:  thestandardRelated NewsNov 20th, 2016

JG Summit posts 44% income growth

MANILA, Philippines – JG Summit Holdings Inc.  posted a consolidated net income of P23.25 billion in the first nine months of the year, 44 percent higher tha.....»»

Category: financeSource:  philstarRelated NewsNov 15th, 2016