Asian stock markets rallied Friday as comments from European Central Bank (ECB) president raised hopes for further central bank action in Europe to alleviate the sovereign debt crisis.
Most Asian markets fell Thursday as investor worries about worsening global economic downturn strengthened following unanticipated interest rate cut in South Korea.
Most Asian markets fell Wednesday amid investor concerns about the euro zone?s debt burden to worsen global economic downturn.
China's double-digit growth rate during the financial crisis has been the envy of the world and most people agree that we may have seen the last of the country's miraculous growth. So yes, China's growth is slowing. However, it's too early to get all pessimistic.
Asian stock markets declined Friday as investors remained cautious ahead of U.S. employment data due later in the day while major central bank?s actions to stimulate the global economy failed to calm market jitters.
Temasek Holdings, the Singapore state-owned investment group sold $2.48 billion of shares in Bank of China Ltd. and China Construction Bank Corporation as profit growth in banks is decreasing with tighter controls on lending in the country.
Asian stocks fell Thursday as weak economic data from the Eurozone and the US raised concerns over the strength of global economic recovery.
Asian stock markets declined on Thursday as weaker-than-expected economic reports from the US and Europe dampened investor sentiment.
Industrial & Commercial Bank of China and China Construction Bank Corp reported a weak growth in the first quarter due to slowdown in the economy.
Most of the Asian stock markets ended lower Tuesday after data showed that foreign direct investment (FDI) into China declined for the fifth month in a row.
Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.
Most of the Asian stock markets ended lower Thursday, tracking overnight declines from Wall Street after a disappointing Spanish bond auction.
China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.
China's state banks make money far too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get timely access to capital, state media cited Premier Wen Jiabao as saying on Tuesday.
China's state banks make money too easily and their monopoly on financial services has to be broken if cash-starved private enterprises are to get access to capital when they need it, state media cited Premier Wen Jiabao as saying on Tuesday.
Asian stock markets ended with modest gains in lackluster trade Monday as concerns over the economic slowdown in China weighed on the sentiment.
China Construction Bank , the world's No.2 lender valued at $193 billion, joined smaller rival AgBank in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders.
China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.
HSBC Holdings, Europe's biggest bank, said paying rising wages in Brazil, China and other emerging market is the price of avoiding the slowdown being felt by most of its rivals as it posted the largest 2011 profit by a western bank.
HSBC Holdings is expected to report the West's biggest banking profit for last year, fuelled by the East, while its rivals are struggling with faltering European and U.S. growth.
Citigroup Inc. (NYSE: C) raised $1.9 billion, a much-needed piece of capital, from the sale of its entire stake in Indian's giant mortgage lender Housing Development Finance Corp.
Citigroup sold its stake in Housing Development Finance Corp (HDFC) for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.