Banking industry
GZI Real Estate Investment Trust, which manages four properties in Guangzhou, is set to sell bonds backed by commercial properties, a move that marks the second such attempt in the mainland. The trust aims to raise up to US$150 million, with Citigroup, Deutsche Bank, and HSBC arranging the deal.
Banking industry
South Korea's Bank of Korea (BOK) retained its key interest rate at 4.5 per cent in October, despite rising concerns over North Korea's first nuclear test. The decision was widely anticipated by local analysts, with 16 out of 16 surveyed by Yonhap Infomax predicting a
Banking industry
The Indian IT industry is embroiled in a controversy over allegations of information theft made by a UK-based TV channel, Channel 4. The National Association of Software and Service Companies (Nasscom) has sought a police probe into the matter, despite the channel refusing to share details of the alleged date
Banking industry
State-owned commercial banks in Vietnam have been exempted from evaluating the credit-worthiness of the Dung Quat Oil Refinery project, a $2.5 billion endeavor led by the Vietnam Oil and Gas Corporation (PetroVietnam). According to a letter from the State Bank of Vietnam, the four participating banks - Vietcombank, Incombank,
Banking industry
Vietnam and the Czech Republic have recently strengthened their economic ties through significant investment and development projects in various sectors, including energy, construction materials, and foodstuff industries. The partnership was formalized through a sponsorship deal for the Phu Son cement plant in Ninh Binh Province and a series of memoranda
Banking industry
The S&P 500 has reached a record high, and stock prices continue to rise due to a drop in risk averseness. Investors are now more concerned with beating benchmarks than with wealth preservation. This shift in attitude is largely attributed to the Fed's decision to stop
Banking industry
Bei Hu Industrial and Commercial Bank of China (ICBC), the mainland's largest lender, has pledged to offer a higher dividend payout ratio to attract investors ahead of its record-breaking US$19 billion dual listing in Shanghai and Hong Kong. The bank promises to pay out 45 per cent
Banking industry
A US$145 million bond issuance, backed by shopping malls in eastern China, is set to enter the market with attractive pricing and a strong credit profile. The 2.75-year securities, rated "A-minus" by Standard and Poor's and "A2" by Moody's, will
Banking industry
Macquarie Group, a leading financial services firm, has agreed to acquire an undisclosed shareholding in Boart Longyear through a $1.395 billion credit facility. The facility consists of various loan components, including a five-year revolver, a one-and-a-half year capital markets term loan, a six-year term loan B, and a seven-year
Banking industry
World Bank and UN officials cautioned on Sunday that the world could be on the brink of a pandemic of avian influenza, with the potentially devastating economic consequences of a severe flu pandemic among humans estimated to be a significant threat to the global economy. According to the World Bank,
Banking industry
The World Bank has been accused of colluding with the authoritarian regime in Singapore after scores of poverty campaigners were detained, interrogated, or deported by police as they tried to attend the financial institution's annual meetings. Critics, including leaders of Action Aid and other campaign groups, have condemned
Banking industry
Australia's mergers and acquisitions (M&A) market has seen a remarkable surge in activity, driven by industry consolidation, private equity deals, and the development of innovative financing and investment banking advice. Announced M&A deals have totalled over USDollars 80bn in the first eight months of
