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China Banker Gets Death Sentence For Taking Rs 1,264 Crore In Bribes
The court found that the former senior banker took advantage of his position to aid others in the acquisitions and financing of projects in exchange for huge sums.
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Bankers In India To Get Higher Salary Increases Than Singapore, Hong Kong
Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year, underscoring how firms are tapping the nation's economic boom as China slows, according to Bloomberg Intelligence.
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Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
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China's Top Tech Banker Goes Missing, Unnerving Finance Industry
The disappearance of high-profile banker Bao Fan is fueling speculation of a renewed clampdown on China's finance industry.
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Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...
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In China's Shanghai, Bankers And Traders Sleep In Offices To Beat Covid Lockdown
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 lockdown, according to local administration official
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Ex-Wall Street Banker Goes Missing In China, Unseen For 2 Weeks: Report
The founder of a private equity fund in China, a former Wall Street banker, has gone missing after Chinese authorities started an investigation into alleged financial misconduct at his firm, financial magazine Caixin reported on Thursday.
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Government Likely To Block Chinese Investment In Insurance Giant LIC's IPO: Report
The Centre wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told news agency Reuters, underscoring tensions between the two nations.
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Didi Global Considers Going Private to Calm China, Compensate Investor Losses: Report
Didi Global is considering going private to placate Chinese authorities and compensate investor losses since the ride-hailing firm listed in the United States, the Wall Street Journal reported on Thursday.
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China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case
China on Friday executed a former top banker accused of taking $260 million worth of bribes, other forms of corruption and bigamy, state broadcaster CCTV reported.
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SoftBank's China Strategy Wobbles as Key Bets Disappoint
For SoftBank, OneConnect's IPO should have been a vindication of an aggressive China investing strategy. Instead, embarrassed bankers had to slash the offering size and cut its price as investors baulked at a business model seen too reliant on majority owner Ping An Insurance.
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Hillary Clinton Warned US Would 'Ring China With Missile Defence': Report
US Democratic presidential candidate Hillary Clinton said in a private speech to bankers three years ago that the United States had warned Beijing it would "ring China with missile defence" unless it did more to rein in North Korea's missile program, according to hacked emails.
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BlackRock CEO Sees Risks in China, Negative Rates
BlackRock Inc chief executive officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies.
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China Business, Bankers' Confidence Dips in Q4: Central Bank Survey
Business confidence among China's entrepreneurs and bankers dipped in the fourth quarter of 2015 from the third, according to surveys by the People's Bank of China published on Thursday.
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As Fed Fog Lifts, Central Bankers Keep Puzzling Over China
China accounts for more than 10 per cent of global trade and remains the single biggest contributor to global growth. A financial market selloff in China sent ripples around the world and caused the Fed to stay its hand when it considered a rate hike in September.
-
China Banker Gets Death Sentence For Taking Rs 1,264 Crore In Bribes
The court found that the former senior banker took advantage of his position to aid others in the acquisitions and financing of projects in exchange for huge sums.
-
Bankers In India To Get Higher Salary Increases Than Singapore, Hong Kong
Finance professionals in India are in line for higher salary hikes than those in Hong Kong and Singapore this year, underscoring how firms are tapping the nation's economic boom as China slows, according to Bloomberg Intelligence.
-
Missing Banking Tycoon Bao Fan Resurfaces, Resigns From All Roles At China Renaissance
After an absence of nearly a year, Bao Fan, the Chinese billionaire banker, has stepped down from all positions within his company, China Renaissance Holdings.
-
China's Top Tech Banker Goes Missing, Unnerving Finance Industry
The disappearance of high-profile banker Bao Fan is fueling speculation of a renewed clampdown on China's finance industry.
-
Xiaomi India Misled Deutsche Bank for Years on 'Illegal' Royalty Payments, Documents Show
Xiaomi India misled banker Deutsche Bank for years, by claiming it had an agreement for payment of royalties when it had none, according to legal documents. One of Xiaomi's four bank accounts in India frozen by the ED is at Deutsche Bank. The company denies wrongdoing and approached an Indian court arguing its payments were legitimate and that the ...
-
In China's Shanghai, Bankers And Traders Sleep In Offices To Beat Covid Lockdown
More than 20,000 bankers, traders and other workers are bedding down in office towers in Shanghai's Lujiazui district as they bid to keep China's giant financial hub ticking over through a COVID-19 lockdown, according to local administration official
-
Ex-Wall Street Banker Goes Missing In China, Unseen For 2 Weeks: Report
The founder of a private equity fund in China, a former Wall Street banker, has gone missing after Chinese authorities started an investigation into alleged financial misconduct at his firm, financial magazine Caixin reported on Thursday.
-
Government Likely To Block Chinese Investment In Insurance Giant LIC's IPO: Report
The Centre wants to block Chinese investors from buying shares in Indian insurance giant Life Insurance Corp (LIC) which is due to go public, four senior government officials and a banker told news agency Reuters, underscoring tensions between the two nations.
-
Didi Global Considers Going Private to Calm China, Compensate Investor Losses: Report
Didi Global is considering going private to placate Chinese authorities and compensate investor losses since the ride-hailing firm listed in the United States, the Wall Street Journal reported on Thursday.
-
China Executes Ex-Banker Lai Xiaomin In Corruption, Bigamy Case
China on Friday executed a former top banker accused of taking $260 million worth of bribes, other forms of corruption and bigamy, state broadcaster CCTV reported.
-
SoftBank's China Strategy Wobbles as Key Bets Disappoint
For SoftBank, OneConnect's IPO should have been a vindication of an aggressive China investing strategy. Instead, embarrassed bankers had to slash the offering size and cut its price as investors baulked at a business model seen too reliant on majority owner Ping An Insurance.
-
Hillary Clinton Warned US Would 'Ring China With Missile Defence': Report
US Democratic presidential candidate Hillary Clinton said in a private speech to bankers three years ago that the United States had warned Beijing it would "ring China with missile defence" unless it did more to rein in North Korea's missile program, according to hacked emails.
-
BlackRock CEO Sees Risks in China, Negative Rates
BlackRock Inc chief executive officer Larry Fink said on Friday that China may be the biggest hurdle to global financial markets and that central bankers are adding to risks with negative-interest rate policies.
-
China Business, Bankers' Confidence Dips in Q4: Central Bank Survey
Business confidence among China's entrepreneurs and bankers dipped in the fourth quarter of 2015 from the third, according to surveys by the People's Bank of China published on Thursday.
-
As Fed Fog Lifts, Central Bankers Keep Puzzling Over China
China accounts for more than 10 per cent of global trade and remains the single biggest contributor to global growth. A financial market selloff in China sent ripples around the world and caused the Fed to stay its hand when it considered a rate hike in September.
