TAIPEI, May 26 (Reuters) – Taiwan’s CTBC Financial Holding Company Ltd will buy 100 percent of CITIC Bank International (China) Limited for T$11.67 billion ($381.41 million), CTBC officials said at a press briefing on Tuesday.
May 29 (Reuters) – Singapore’s total bank lending fell in April from the previous month on a decline in loans to financial institutions and general commerce, central bank data showed on Friday.
(The following statement was released by the rating agency) SINGAPORE/MUMBAI, May 28 (Fitch) Fitch Ratings has today affirmed India-based infrastructure finance company IDFC Limited’s (IDFC) Long-Term Issuer Default Rating (IDR) at ‘BBB-‘. The Outlook is Stable. KEY RATING DRIVERS IDR The rating affirmation is a reflection of IDFC’s current stand-alone credit profile and builds on our expectation that its profile will ultimately benefit from greater diversification after it launches a bank i
SHANGHAI, May 28 (Reuters) – China’s stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity.
SHANGHAI, May 29 (Reuters) – China stocks opened mixed on Friday after a sharp plunge on Thursday, when benchmark indexes dropped over 6 percent in record high turnover on concerns over margin finance and liquidity.
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