You Searched For "Bank of China" and got 20 results
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1 min read
Gold is getting so expensive that even China's central bank stopped buying
China's central bank did not add any gold to its reserves in May after 18 straight months of purcha…
Huileng Tan
4 mins read
China plans to float nuclear reactors in disputed South China Sea; Analysts see it 'risky for environment'
The US military warned that China is moving forward with developing floating nuclear reactors in th…
ANI
3 mins read
De-dollarization is not working out in China, where businesses are hanging onto their US dollars
Despite discussions about de-dollarization, the US dollar still dominates global foreign reserves, …
Huileng Tan
2 mins read
The US dollar is so strong that China's central bank, among others, just keeps loading up on gold
Not just China, but other central banks including Turkey and India are loading up on gold, amid a s…
Huileng Tan
2 mins read
Gold prices have another 29% upside as China's central bank continues its buying spree, famed economist says
China has purchased about 181 tonnes of gold over the past year, and is now the sixth-largest holde…
Matthew Fox
1 min read
Russia-China trade payments are facing months of delays as sanction fear creates a banking shortage
Secondary sanctions are discouraging Chinese banks from working with Moscow, placing pressure on on…
Filip De Mott
2 mins read
World Bank raises GDP projection, says India to keep its fastest-growing economy tag
The World Bank has upwardly revised India's GDP growth forecast for the current financial year 2024…
ANI
4 mins read
India the third biggest gold buyer in May, after Switzerland and China: WGC
According to the World Gold Council's latest commentary, the month saw a resurgence in inflows, pri…
ANI
1 min read
China officials are reportedly pushing banks to rush loans to cash-strapped real estate developers
Cash-strapped property developers may be getting a lifeline from banks as they approve loans faster…
Phil Rosen
1 min read
China's property crisis is bleeding into its banking sector, which is being asked to prop up developers
China's property crisis has hit the books of its four biggest lenders, which have seen a notable ri…
Huileng Tan
3 mins read
Western countries are lining up to name and shame China for overproduction
G7 finance chiefs criticized China's industrial overproduction, saying they will consider taking st…
Huileng Tan
2 mins read
Amid market volatility, Sensex and Nifty close flat; Construction, automobile and PSU banks outperform
The stock market closed flat on Tuesday amid volatility. The benchmark index, Sensex, ended 33.48 p…
ANI
1 min read
China's biggest banks are finally getting scared by the West's sanctions against Russia
Chinese banks are tightening compliance checks with Russian businesses as they fear getting caught …
Huileng Tan
5 mins read
Saudi Arabia looking to China for a lifeline for its futuristic city could mean trouble for the US
Saudi Arabia courting Chinese investors for help with its massive, futuristic city could make the …
Dan DeFrancesco
1 min read
China is merging hundreds of small banks to fend off financial stress
2,100 banks could be affected as China looks to curb the bad loan environment of its rural communit…
Filip De Mott
2 mins read
Silver price gains are outshining gold's thanks to China's overproduction of solar panels
Silver prices have soared 35% to 12-year highs, outpacing gold's gains. The rally is driven by indu…
Huileng Tan
3 mins read
People in China continue to buy gold even as the currency remains weak!
Record-high gold prices driven by global uncertainties and central bank rate cuts lead to increased…
Huileng Tan
6 mins read
India could emerge as an economic superpower amid dull global economic landscape
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…
ANI
3 mins read
India wants to be the new China. Modi's shock election result shows it won't be easy.
Decision-making and policy changes in the world's largest democracy will take far longer than they …
Huileng Tan
1 min read
India’s economic growth “very robust” as Western companies shift investment focus from China to India: UN expert
India's economic growth has been described as “very robust” by a UN expert, highlighting the countr…