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China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
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Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
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Gang Behind Cyberattack On World's Biggest Bank Has Hacked 1,000 Victims
Industrial & Commercial Bank of China Ltd.'s US unit had been hit by a cyberattack, rendering it unable to clear swathes of US Treasury trades after entities responsible for settling the transactions swiftly disconnected from the stricken systems.
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Cash-Strapped Pakistan To Receive $500 Million From Chinese Bank
A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan within the next few days, bringing the total of commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.
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Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
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China's Top State-Run Bank Launches First India-Dedicated Investment Fund
The Industrial and Commercial Bank of China, a top state-run Chinese bank has launched China's first India-dedicated publicly offered investment fund, urging the Chinese to invest heavily stating that the Indian economy is entering the "golden age of economic take-off".
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Two More Banks In Fray To Recover Debts From Reliance Communications
Two major Chinese lenders plan to support a move by China Development Bank to put RCom into insolvency court.
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Spanking For Poor Performers Leaves China Bank Red-Faced
Footage of Chinese bank staff being spanked for poor performance at a training session has gone viral, triggering public anger and the suspension of the bank's boss, reports said Tuesday.
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Chinese Firms Sign Deal to Buy 300 Boeing Planes: Report
US aerospace giant Boeing has signed deals with Chinese firms to sell 300 aircraft and open a completion centre in the Asian country, China's official Xinhua news agency reported, as President Xi Jinping began his first state visit to the United States.
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China's Largest Bank Bars Services for Bitcoin
China's biggest bank ICBC has banned activities related to trading in Bitcoin, it said on Thursday, joining at least 10 other Chinese banks participating in a government crackdown on virtual currencies.
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China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
-
Ransomware Attack On US Arm Of China's Largest Bank Disrupts Treasury Market
The US arm of China's largest bank said Thursday that it was hit by a ransomware attack, forcing clients to reroute trades and disrupting the US Treasury market.
-
Gang Behind Cyberattack On World's Biggest Bank Has Hacked 1,000 Victims
Industrial & Commercial Bank of China Ltd.'s US unit had been hit by a cyberattack, rendering it unable to clear swathes of US Treasury trades after entities responsible for settling the transactions swiftly disconnected from the stricken systems.
-
Cash-Strapped Pakistan To Receive $500 Million From Chinese Bank
A Chinese bank has assured Pakistan that it will provide another refinanced USD 500 million loan within the next few days, bringing the total of commercial loans up to USD 1.7 billion out of the total committed amount of USD 2 billion.
-
Turkey Joins China, India in Marking CBDC Milestones on Wider Scale Before 2022 Wraps Up
The Central Bank of the Republic of Turkey (CBRT), that started its CBDC trials earlier this year, has completed its first phase before the end of year 2022. Turkey’s CBDC is named the Digital Turkish Lira. The nation plans to continue the studies on the economic and legal framework around CBDCs next year.
-
China's Top State-Run Bank Launches First India-Dedicated Investment Fund
The Industrial and Commercial Bank of China, a top state-run Chinese bank has launched China's first India-dedicated publicly offered investment fund, urging the Chinese to invest heavily stating that the Indian economy is entering the "golden age of economic take-off".
-
Two More Banks In Fray To Recover Debts From Reliance Communications
Two major Chinese lenders plan to support a move by China Development Bank to put RCom into insolvency court.
-
Spanking For Poor Performers Leaves China Bank Red-Faced
Footage of Chinese bank staff being spanked for poor performance at a training session has gone viral, triggering public anger and the suspension of the bank's boss, reports said Tuesday.
-
Chinese Firms Sign Deal to Buy 300 Boeing Planes: Report
US aerospace giant Boeing has signed deals with Chinese firms to sell 300 aircraft and open a completion centre in the Asian country, China's official Xinhua news agency reported, as President Xi Jinping began his first state visit to the United States.
-
China's Largest Bank Bars Services for Bitcoin
China's biggest bank ICBC has banned activities related to trading in Bitcoin, it said on Thursday, joining at least 10 other Chinese banks participating in a government crackdown on virtual currencies.
