text

Interbank RMB transactions hit 618.12 tln yuan in 2015

China's interbank local currency market transactions totalled 618.12 trillion yuan (94.17 trillion U.S. dollars) in 2015, data showed on Sunday.

text

S.Korea approves China Everbright Bank's operation in Seoul

​South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group.

text

Israel's Netanyahu announces new measures to curb Palestinian attacks

​Israeli Prime Minister Benjamin Netanyahu on Monday announced more measures aimed at fighting Palestinian attackers, as a two-month-long wave of violence persists.

text

China’s Citic Bank and Baidu to set up online bank venture

(South China Morning Post) Citic Bank and mainland Internet search engine giant Baidu to set up direct, or branchless bank venture

text

AIIB pivotal in promoting Asia-Pacific connectivity

The Asian Infrastructure Investment Bank (AIIB) that is scheduled to start operations in January is expected to fund its first batch of projects in as early as the second quarter next year, fulfilling its commitment to supporting Asia's infrastructure development and connectivity.

text

Bank of China becomes LCH.Clearnet's first Chinese PPS Bank

​Bank of China Ltd London Branch becomes the first Chinese PPS (Protected Payments System) Bank of LCH.Clearnet Ltd.

text

World Bank reiterates willingness to cooperate with AIIB

World Bank President Jim Yong Kim said on Thursday that the bank looks forward to enhancing cooperation with the Asian Infrastructure Investment Bank (AIIB).

text

China to implement plan for transparent global tax regime next year

Taking up the G20 presidency in 2016, China will advance the implementation of the newly approved Base Erosion and Profit Shifting (BEPS) Action plan, said Chinese Finance Minister Lou Jiwei during the on-going World Bank Group and International Monetary Fund Annual Meetings in Lima on Friday.

text

Abbas demands his security forces to avoid escalation in West Bank

​Palestinian President Mahmoud Abbas on Monday called on his security forces in the West Bank to avoid any escalation of violence with Israel, the official news agency (WAFA) reported.

text

Global poverty rate to fall below 10 percent for first time in 2015

​The number of people living in extreme poverty around the world is likely to fall to below the 10 percent of the global population in 2015, according to a forecast released by the World Bank Sunday.

text

World Bank pledges strong support for Bangladesh's development

​World Bank Vice President for the South Asia Region, Annette Dixon, has pledged strong support for the development of Bangladesh.

text

Operating pressures to grow on listed Chinese banks

Listed Chinese banks will face rising operating pressures in the next one or two years due to slowing economic growth and narrowing profit margins amid monetary easing and relaxed interest rates, said a commentary by Moody's Investors Services on Monday.

text

Israel bans Gaza, West Bank footballers from playing on Palestinian Cup

The Palestinian Football Association (PFA) postponed on Sunday the final match of the Palestinian Soccer Cup after Israel banned West Bank footballers from playing in Gaza.

text

Canadian stock market moves higher over banks rally

​Canada's main stock market in Toronto Thursday rose steadily for four days in a row as a rally in giant banks helped offset the slump in resources shares. Toronto Stock Exchange's benchmark Standard & Poor's/TSX Composite Index was higher 68.80 points or 0.47 percent to 14,731. 08 points, the fourth consecutive rise this week.

text

World Bank's VP to visit Myanmar

World Bank Vice President for East Asia and Pacific Axel van Trotsenburg will visit Myanmar this week to launch the World Bank Group's new Country Partnership Framework with Myanmar, according to the World Bank's release on Tuesday.

text

Bank of Cyprus CEO declares resignation

​Bank of Cyprus Board said that it will discuss "in due time" issues arising from Hourican's resignation, including appointing a successor, after its CEO John Hourican declared resignation on Tuesday.

text

China's RRR cut positive for real economy

​The Chinese central bank's decision to cut banks' reserve requirement ratio (RRR) will be good for growth, reduce financing costs, and aid the real economy, analysts believe.