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Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
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6 Officials Of China's ICBC Bank Held In Spain For Money Laundering
Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday.
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ICBC Deal Shows IBM is Still Engaged in China
IBM additionally announced this week that it would team up with China Telecom to provide cloud computing services to small and medium-sized businesses.
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China's Largest Bank ICBC Bars Bitcoin Services, Threatens Account Closures
ICBC threatened to suspend and close bank accounts if clients failed to comply with the new rules.
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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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Jaguar Land Rover Raises $705 Million Loan From Chinese Banks
Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.Arthur Yu, JLR's vice president and China chief financial officer, said the Chinese banks that would provide it with the thr...
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6 Officials Of China's ICBC Bank Held In Spain For Money Laundering
Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday.
-
ICBC Deal Shows IBM is Still Engaged in China
IBM additionally announced this week that it would team up with China Telecom to provide cloud computing services to small and medium-sized businesses.
-
China's Largest Bank ICBC Bars Bitcoin Services, Threatens Account Closures
ICBC threatened to suspend and close bank accounts if clients failed to comply with the new rules.
-
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.
