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The net profit of China's commercial banks in the first quarter of this year increased by 5.86% to 522 billion 200 million yuan. The growth of the index accelerated compared to the rise of 1.25% a year earlier, according to the State Committee for Control and Management of Banking and Insurance Activities of the PRC. The share of bad loans in banks at the end of March compared with the end of 2017 remained virtually unchanged at the level of 1.75%. The balance of bad debts increased by 68.5 billion yuan to 1 trillion 770 billion yuan.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
KYC Policy