TORONTO – Eager to gain access to the immense potential of the Chinese financial services industry, the Bank of Montreal is building on its presence in China through a strategic partnership with a state-owned trust company. BMO announced Monday it had entered into an agreement to acquire a stake in COFCO Trust Co., a...
By Kevin Yao BEIJING | Tue Feb 21, 2012 11:54am GMT BEIJING (Reuters) – Any surprise at the timing of China’s move this weekend to spur bank lending may be misplaced. Instead, investors should recognise that China is determined to engineer a soft landing for the world’s second-biggest economy. Premier Wen Jiabao had flagged...
BEIJING — China has not decided whether to accept an invitation to discuss the brewing civil war in Syria with other world powers later this week in the Tunisian capital, a foreign ministry spokesman said on Tuesday. The Friends of Syria, backed by Western powers and the Arab League, will meet in Tunis on Friday...
China Telecom, the country’s No. 3 carrier and No.1 Wi-Fi provider, gets the iPhone Would-be iPhone 4S buyers in Beijing last month. Photo by Feng Li/Getty Images “We’ve been very, very focused on China,” Apple (AAPL) CEO Tim Cook told the audience at last week’s Goldman Sachs technology conference. One result of that focus became clear...
BEIJING (AP) — Ms. Zhang, a schoolteacher in the central city of Anyang, lent $43,000 last year to entrepreneurs who couldn’t get loans from state banks. Now as growth cools and Beijing cracks down on informal credit, Zhang and thousands of other small lenders are unpaid and angry. Underground lending by ordinary Chinese like...
By Richard Hubbard LONDON | Mon Feb 20, 2012 10:43am EST LONDON (Reuters) – Shares gained and the euro hit a one-week high on Monday as China’s move to beef up banking activity supported optimism for global growth and as Greece edged closer to securing a bailout, though rising oil prices weighed on the...
