In the second quarter, the volume of non-performing loans of Chinese banks grew at the most significant rates in more than 10 years by 183 billion yuan and reached 1 trillion 960 billion yuan, the China Banking and Insurance Regulatory Commission reported. The share of “bad” loans in the total volume of loans issued by banks reached a maximum since March 2009 of 1.86%. In recent years, the capital adequacy ratio of Chinese banks has deteriorated, especially among small banks. At the end of June, this indicator fell to 13.57% from 13.64% at the end of the first quarter. According to the People's Bank of China, over the first half of the year, loans issued by Chinese banks rose by 1 trillion yuan to 9 trillion yuan in annual terms.
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 ...
The Dollar fell to two-year lows on Friday, heading to its lowest decline in 10 years as concerns mounted over the economic recovery of the U.S. amid a second resurgence of the COVID-19 pandemic. The Dollar index plunged to 92.777, on course ...
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
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, ...