Month: June 2017

The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported. The remarks by the bank board chairman, Hong Qi, came after reports that Anbang
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A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centres, even as Beijing struggles to tame the former British colony politically. Twenty years after Hong Kong’s handover to Chinese rule, scores of mainland professionals are filling the elite
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While multilateral development banks (MDBs) can support the infrastructure buildout in Asia, national governments need to be the institutions driving the process, a panel of experts said on Saturday. The panel held during an Asian Infrastructure Investment Bank (AIIB) meeting in Jeju, South Korea, focused on the work of governments, commercial banks and multilateral institutions
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There will be an explosion of volume at the close today as it is both a quadruple witching expiration (the quarterly expiration of stock index futures and options and individual stock and index futures and options) and the quarterly rebalancing of the S&P 500. The S&P rebalances every quarter to account for additions and reductions
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Susana Gonzalez | Bloomberg | Getty Images Robert Kaplan, president and chief executive officer of the Federal Reserve Bank of Dallas, speaks during a Bloomberg Television interview at the Bankers Club Mexico in Mexico City, Mexico, on Friday, Nov. 4, 2016. The Federal Reserve should be cautious about any further interest-rate hikes, Dallas Federal Reserve
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Kevin Hagen | Getty Images News | Getty Images Traders finish the day at the NYSE after markets took a sharp turn downward after news reports of former FBI Director James Comey’s interactions with President Trump on May 17, 2017. Check out the companies making headlines after the bell: Finisar shares slipped nearly 3 percent
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