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HONG KONG/NEW YORK: Lufax, one of China's largest online wealth management platforms backed by financial giant Ping An Insurance Group, is seeking a U.S. initial public offering as early as this year, people with direct knowledge told Reuters.
SINGAPORE: London-based Nithia Capital Resources Advisors LLP is seeking to acquire troubled Singapore commodity trader Agritrade International Pte Ltd (AIPL) and its shares in its Hong Kong-listed subsidiary, according to a source familiar with the matter.
BEIJING, July 21 (Xinhua) -- China has revised its state-subsidized student loan policy in a bid to further reduce the debt burden of college student borrowers, according to an official circular.
PETALING JAYA: Borrowers will need to start repaying their loans from October onwards as the banks will not extend the automatic loan moratorium, banking sources said.They will help borrowers restructure debt in targeted manner
PARIS: When the Covid-19 crisis struck Europe, companies turned to one bank more than any other to arrange emergency loans: BNP Paribas.
PETALING JAYA: The outlook of the property sector remains challenging for the next one year with most developers still assessing the economic situation and deliberating whether to continue or defer future launches.
SHANGHAI: China kept its benchmark lending rate steady for the third straight month yesterday, matching market expectations, amid signs that the world’s second-largest economy is recovering from the shock coronavirus pandemic