Financial Services

India's central bank cuts key lending rate to 6 percent

Aug 2, 2017

India's central bank has cut its key interest rate by quarter of a percentage point, raising hopes of lower borrowing costs for households as inflation ebbs

HSBC reports higher profit, plans $2B more in share buybacks

Jul 31, 2017

HSBC plans to buy back another $2 billion in shares after reporting strong earnings for the latest quarter.

Global stocks rise on corporate earnings, ahead of Fed

Jul 26, 2017

World stocks rise on generally positive corporate earnings reports, ahead of Federal Reserve's interest rate decision

AMC tries to distance itself from parent Wanda's troubles

Jul 19, 2017

U.S. cinema chain AMC says Chinese parent Wanda Group's finances not a problem

Global stock markets advance after Wall Street gains

Jul 10, 2017

Major global stock markets have risen following Wall Street's gains ahead of U.S. corporate results and public comments from the chair of the Federal Reserve

Asian stocks higher following Wall Street gains

Jul 10, 2017

Most Asian stock markets have risen following Wall Street's gains as traders look ahead to U.S. corporate earnings and public comments from the chair of the Federal Reserve

China sovereign fund buys European warehouse company

Jun 3, 2017

China's sovereign wealth fund is buying a European warehouse company in a 12.25 billion euro ($13.8 billion) deal, adding to a growing string of Chinese acquisitions in Europe

IMF approves loan to Mongolia to finance reforms

May 25, 2017

The International Monetary Fund has approved a $434 million loan to Mongolia to finance reforms meant to revive economic growth and reduce reliance on mineral exports

'Silk Road' plan stirs unease over China's strategic goals

May 11, 2017

China's plan to build a "new Silk Road" of ports, railways and roads to expand trade across Asia and Africa is stirring unease among other governments about its strategic intentions

Chinese insurance regulator under graft investigation

Apr 10, 2017

China's top anti-corruption body says it is investigating the country's chief insurance regulator

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