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SINGAPORE: Banks are suspending the credit lines for some Chinese independent oil refineries amid rising concerns about overall industrial defaults and as the coronavirus outbreak has eaten into the processors’ fuel sales.
DUBAI: JPMorgan has initiated coverage of Saudi Aramco’s shares with an “overweight” rating and a price target of 37 riyals (US$9.86) per share, saying it sees scope for the company to increase its proposed US$75bil base dividend.
BEIJING: JPMorgan Chase & Co is seeking 100% ownership of its futures joint venture in China, according to a person with knowledge of the matter, making it the first global bank to take advantage of the opening of the nation’s futures market, where transactions topped US$30 trillion last year.
PETALING JAYA: Credit conditions remain broadly supportive of global bank asset quality, even if economic growth slows, according to S&P Global Ratings in a series of reports.
KUALA LUMPUR: Credit conditions remain broadly supportive of global bank asset quality, even if economic growth slows, S&P Global Ratings said in a series of reports.
WHEN Datuk John Chong Eng Chuan was just starting out in the finance industry, his team won an award.The media found out and wanted to learn more about that award, so Chong and his team arranged for a meeting, “staging” a background at his office for photographers and TV crew to better re-enact the award-winning moment.
HONG KONG (Reuters) - Hong Kong police fired rubber bullets and tear gas in running clashes with protesters late on Sunday amid chaotic scenes as anger over an extradition bill morphs into a fresh front against what many see as a broader erosion of freedoms by Beijing.
HONG KONG (Reuters) - Chaotic scenes of protesters rampaging through Hong Kong's legislature, trashing furniture and daubing graffiti over walls have sent jitters through the business community, which worries about the impact on the city's status as a financial hub.
NEW YORK (Reuters) - A U.S. appeals court on Wednesday revived a lawsuit against BNP Paribas SA by alleged victims of a genocidal regime in Sudan, who sought to hold the French bank liable for aiding in the government's atrocities.