East China province issues 1st gov't bon...
JINAN, March 27 (Xinhua) -- East China's Shandong Province on Wednesday issued a 1 billion yuan (149 million U.S. dollars) local government bond over the counter at commercial banks for the first tim
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East China province issues 1st gov't bon...
JINAN, March 27 (Xinhua) -- East China's Shandong Province on Wednesday issued a 1 billion yuan (149 million U.S. dollars) local government bond over the counter at commercial banks for the first tim
China launches Central Bank Bills Swap t...
The People's Bank of China (PBOC) has decided to launch Central Bank Bills Swap (CBS), a tool allowing primary dealers engaged in an open-market operation to swap the perpetual bonds they hold for t
Iraq discusses possibility of joining As...
BAGHDAD, March 3 (Xinhua) -- Iraqi Ministry of Transportation on Sunday discussed the possibility of joining the Asian Infrastructure Investment Bank (AIIB). A statement by the ministry's media offic
Palestinian killed by Israeli gunfire in...
RAMALLAH, March 20 (Xinhua) -- A Palestinian was shot dead on Wednesday night by Israeli army gunfire near the southern West Bank city of Bethlehem, the Palestinian Authority Health Ministry reported
Central bank continues to skip open mark...
BEIJING, March 26 (Xinhua) -- China's central bank continued to skip open market operations Tuesday, citing abundant liquidity in the banking system. As 50 billion yuan (about 7.46 billion U.S. dolla
Bank of England holds bank interest rate...
LONDON, March 21 (Xinhua) -- Policymakers at the British central bank, the Bank of England (BOE), on Thursday held the bank interest rate unchanged at 0.75 percent. The BoE said in its March Monetary
China's only rural policy bank becomes l...
The Agricultural Development Bank of China (ADBC), the country's only rural policy-oriented bank, has become the third largest bonds issuer at home. The bank is also the country's biggest issuer of b
Kenya bank to boost WeChat Pay, Alipay p...
Kenyan-based regional financial institution Equity Bank plans to boost presence of WeChat Pay and Alipay in Africa, a banker said on Monday. Jack Ngare, managing director of Finserve Africa, a wholl
China's central bank continues to skip o...
BEIJING, March 7 (Xinhua) -- China's central bank continued to skip open market operations on Thursday, citing abundant liquidity in the banking system. The People's Bank of China said liquidity had
Breakthroughs in China's financial marke...
China has made marked progress in allowing foreign financial institutions to access its financial market, central bank governor Yi Gang said Sunday. Many breakthroughs had already been achieved in t
NICOSIA, March 4 (Xinhua) -- Irish banker John Patrick Hourican, who pulled the Bank of Cyprus (BoC) out of utter chaos almost six years ago, will leave the Cypriot lender later this year, the BoC bo
Feature: Palestinian woman seeks to open...
by Fatima Aruri HEBRON, West Bank, Feb. 27 (Xinhua) -- In a small office at the Poly Technic University in the southern West Bank city of Hebron, a small team works to support the only Palestinian wo
ECB, BoE activate currency swap arrangem...
FRANKFURT, March 5 (Xinhua) -- The European Central Bank (ECB) and the Bank of England (BoE) have decided to activate currency swap arrangement for possible provision of liquidity, according to a sta