China Vanke sells Shenzhen land plot at loss-making reserve price
HONG KONG, May 27 (Reuters) – Cash-strapped China Vanke (000002.SZ), opens new tab has sold a Shenzhen land plot via auction for 2.24 billion […]
ABN Amro to buy German private bank in biggest deal since 2008 financial crisis
May 28 (Reuters) – ABN Amro (ABNd.AS), opens new tab has agreed to buy German private bank Hauck Aufhäuser Lampe (HAL) for 672 million […]
EY, PwC fined by audit regulator over London Capital & Finance work
EY and PwC have both been fined £7m over significant failings in their audits of the now-collapse mini-bond firm London Capital & […]
Grant Thornton laying off 350 US employees as it prepares to close private equity sale
Grant Thornton is laying off about 350 US employees as the accounting firm moves closer to selling a stake of its US […]
ECB’s Panetta says consensus growing on need for rate cut
STRESA, Italy, May 25 (Reuters) – There is growing consensus within the European Central Bank over the need for a first rate […]
‘Asset famine’ in China curbs central bank’s bond trading ambitions
BEIJING/SHANGHAI, May 27 (Reuters) – A scarcity of low-risk assets in China’s financial sector is obstructing the central bank’s plans to make […]
Goldman Sachs to establish regional headquarters in Riyadh: report
RIYADH: Goldman Sachs Group is set to become the first Wall Street bank to establish its regional headquarters in Saudi Arabia as […]
HSBC’s New York attendance jumps to 80% at new office
NEW YORK, May 23 (Reuters) – HSBC’s (HSBA.L), opens new tab employee attendance has jumped to 80% at its new office in New York’s […]
G7 officials play down expectations on details of loan for Ukraine
STRESA, Italy, May 23 (Reuters) – G7 finance chiefs are not expected to agree on details of a loan for Ukraine at […]
China Vanke units guarantee US$1.1 billion in loans for troubled developer after Fitch Ratings downgrade
Troubled property developer China Vanke will receive a 7.8 billion yuan (US$1.1 billion) lifeline in the form of bank loans guaranteed by its subsidiaries, […]
Investment platform Sarwa fined by Abu Dhabi Global Market regulator and DFSA
Abu Dhabi Global Market’s financial regulator has fined investment platform Sarwa Digital Wealth (Capital) $122,500 for breaching rules on offering securities. The penalty […]
S.Korea president announces record $19bn plan to boost chip industry
South Korean President Yoon Suk Yeol on Thursday announced a record $19-billion-dollar support plan for the country’s crucial semiconductor industry. South Korea […]