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    • How China's retail investor army got burned by the shock oil collapse

      Bank of China (BoC), one of the providers of retail-grade investment products tracking US oil futures prices, was forced to settle its crude oil "bao" product at minus $37.63 a barrel following the market collapse, leading investors to cry foul. Some banks marketed such funds as wealth management products.

    • All you want to know about the US-China currency war that may not be

      It is believed that the Chinese central bank deliberately allowed the currency to fall in response to the ongoing US-China trade war.

    • RBI allows Bank of China to offer regular banking services in India

      'We advise that the 'Bank of China Limited' has been included in the Second Schedule to the Reserve Bank of India Act, 1934...,' the central bank said.

    • SBI inks pact with Bank of China for business opportunities

      Through this pact, both SBI and BoC will gain direct access to their respective markets of operation, it said.

    • Bank of China's $300 million loan to Sri Lanka faces delay, says Govt officials

      R H S Samaratunga, secretary to the finance ministry and treasury, said Colombo expected a response from the bank by February 20, meaning the loan may not be finalised for several more weeks.

    • Sri Lanka says has $300 million loan offer from Bank of China, may increase to $1 billion

      He also confirmed that Sri Lanka had started negotiations to increase the amount of a swap deal with the Reserve Bank of India (RBI) to $1 billion, up from a previously negotiated $400 million.

    • China in process of blocking foreign crypto exchanges from offering trading services

      The China National Fintech Risk Rectification Office has identified 124 trading platforms till now.

    • China's state-owned banks cut thousands of jobs

      The top four national banks, which reported negative to flat net profit growth for the first half of this year, reported a combined total of 22,260 jobs that have been eliminated, Hong Kong-based South China Morning Post recored.

    • A China bank contagion could blow up global markets

      Six months after sell-offs in Shanghai began to reverberate through markets worldwide, bond-rating agencies continue to rate Chinese banks' credit as investment grade, suggesting that if China does lead the world into recession, it will be a different affair than the sudden, sharp downturn catalyzed by the collapse of Lehman Bros

    • Sahara gets extension to repay $850 m to Reuben Bros

      The cash strapped Sahara Group has managed to strike a deal with the Reuben Brothers to extend the loan repayment of USD 850 million. The deadline for repayment was extended from October 8 to November 30.

    • China stock market correction 'mostly over': PBoC governor

      Sharp drops in the country's equities after a debt-fuelled rise earlier in the year have spooked domestic and international investors and forced Beijing to launch a raft of policies aimed at stemming further losses. Chinese stock markets are down nearly 40 percent from their June peak.

    • China FinMin: Growth of about 7% is the new normal

      China will raise dividend payments from designated state-owned enterprises to make up for any shortfalls.

    • PBOC to tighten rules on trading to curb yuan depreciation

      The People's Bank of China (PBOC) has repeatedly intervened to stabilise the yuan since the August 11 devaluation - billed as free-market reform - sent shockwaves through global markets and depressed emerging currencies.

    • World to Fed: We're ready for US rate hike, so don't delay

      In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be.

    • China's central bank likely to ease policy again by end-Dec

      The People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, acting amid pressure from a global stock market rout and massive outflows from its markets.

    • China pumps cash into economy for 2nd time in week

      The seven-day loans have an average interest rate of 2.35 percent, the People's Bank of China (PBOC) said in a statement on its website.

    • China official blames Fed for global market rout, not yuan

      Yao Yudong, head of the bank's Research Institute of Finance and Banking, said the US central bank should delay any rate hike to give fragile emerging market economies time to prepare.

    • Don't blame yuan devaluation for global mkt rout: Official

      A US rate increase next month now seems less appropriate given the threat to the US economy from the recent market turmoil, an influential Fed official said on Wednesday in the clearest sign that fears of a Chinese slowdown are influencing US monetary policy.

    • Investors to PBoC: Can we have some more?

      "The PBoC has come across hesitant and reactive. Policy easing has followed rather than pre-empted the pullback in the economy as well as asset markets," said Vishnu Varathan, senior economist at Mizuho Bank.

    • RBI chief Rajan warns of risks from yuan devaluation

      Rajan, a former chief economist for the International Monetary Fund, has repeatedly warned about the dangers of competitive devaluations for emerging markets such as India.

    • Investors cut EM, commodity holdings to record lows

      The number of investors pulling out of commodities has increased, with "aggressive" underweights to the sector hitting a record high, according to the Bank of American Merrill Lynch.

    • China new July home prices rise +0.3% m/m, -3.7% y/y

      Nationwide new home prices rose 0.3 percent on month in July, versus a 0.4 percent gain in June and May's 0.2 percent rise.

    • Faber: Yuan devaluation is completely meaningless

      After allowing the yuan to weaken a total of around 3 percent against the U.S. dollar on Tuesday, Wednesday and Thursday amid a shift toward a "managed float" regime, the People's Bank of China (PBOC) set Friday's fixing at a slightly stronger level.

    • China further devalues currency, fears of currency war

      Yesterday's devaluation by the world's second largest economy, the first since 1994, was effected amid slowing down of the economy which is hovering around seven percent and falling exports.

    • How to anger Asia, Fed in one go: Devalue the yuan

      A new Asian currency war and a delayed Federal Reserve rate hike; these are the potential market-shaking implications of Beijing's decision to devalue the yuan, strategists told CNBC

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