finance

Panzhihua Iron & Steel to issue RMB 1 bln in financing bills

29 Oct 2009 09:24:34 GMT

Panzhihua Iron & Steel (Group) Co, one of the largest steelmakers in western China, yesterday announced that it will issue 365-day financing bills on the interbank market on Nov. 2, sources reported.The company hopes to raise up to RMB 1 billion through the issuance.The financing bills will be issued at face value and...

Dadu River Hydropower Dev't to issue RMB 600 mln in financing bills

28 Oct 2009 09:26:46 GMT

Dadu River Hydropower Development Co Ltd announced that it will issue a batch of 365-day financing bills on the interbank market on Nov. 4, sources reported.The company hopes to raise up to RMB 600 million through the issuance.The bills will become tradable on Nov. 6, and both the value date and the payment...

Nuclear Power Qinshan Joint Venture to issue financing bills

27 Oct 2009 07:21:42 GMT

Nuclear Power Qinshan Joint Venture Co Ltd yesterday announced that it will issue 365-day financing bills on the interbank market on Nov. 3, sources reported.The company hopes to raise up to RMB 600 million through the issuance.The financing bills will be issued at face value and the yield will be determined in the...

Pudong Development Group to issue RMB 3 bln in financing bills

27 Oct 2009 03:41:13 GMT

Shanghai Pudong Development (Group) Co Ltd will issue RMB 3 billion in short-term financing bills with a maturity of 365 days on the interbank market on Oct. 29, sources reported.The proceeds of the issuance will be used to replenish the group's working capital and optimize the firm's financing structure. Shanghai...

China Merchants Group to issue RMB 2 bln in financing bills

26 Oct 2009 06:49:16 GMT

China Merchants Group, the parent firm of China Merchants Holdings (International) Co Ltd<0144>, announced that it will issue 365-day financing bills on the interbank market on Oct. 29, sources reported. The company hopes to raise up to RMB 2 billion through the issuance.The financing bills will be issued at...

CSG to issue RMB 1 bln in financing bills on Wed

26 Oct 2009 02:39:47 GMT

CSG Holding Co Ltd<000012><200012>, China's leading glass manufacturer, will issue RMB 1 billion in financing bills with a maturity of 365 days on Oct. 28, sources reported.This batch of bills will be issued on the interbank market at face value, and the yield will be determined during the process of book building,...

Sinotruk Group to issue RMB 1 bln in financing bills

21 Oct 2009 08:58:59 GMT

China National Heavy Duty Truck Group Co Ltd, the country's largest heavy truck manufacturer also known as Sinotruk Group, plans to issue RMB 1 billion worth of 365-day financing bills on Oct. 27, sources reported.The coupon rate of the bills will be determined during the process of book building. Interest on...

Finance, Commerce ministries to raise subsidy to replace clunkers

20 Oct 2009 11:02:01 GMT

A subsidy program for auto replacement which began in July of this year by the ministries of Finance and Commerce will be raised in the next few days. The two ministries have decided to raise the subsidy for most cars mentioned in the program and the range may increase. Statistics from related mi...

CMB's 22 b yuan financing plan gets shareholder approval

20 Oct 2009 08:02:01 GMT

China Merchants Bank (CMB)'s 22 billion yuan financing plan has been approved by the general meeting of stockholders Monday with 99.75 percent of shareholders supportive of the plan. The bank said that it planned to raise 15 billion yuan to 18 billion yuan through shares placement on August 13, b...

Currency in focus as euro finance ministers meet

20 Oct 2009 01:16:54 GMT

LUXEMBOURG, Oct 19 - Euro zone finance ministers were to discuss the economic risks of euro appreciation at talks with the head of the European Central Bank on Monday, as the single currency traded near...

China Resources to issue RMB 2.5 bln in financing bills

19 Oct 2009 08:13:21 GMT

China Resources Co Ltd on Monday announced that it will issue one-year financing bills on the interbank market on Oct. 26, sources reported.The company hopes to raise up to RMB 2.5 billion through the issuance.The financing bills will be issued at face value and the yield will be determined in the process of...

Henan Shenhuo Group to issue RMB 500 mln in financing bills

19 Oct 2009 01:24:33 GMT

Henan Shenhuo Group Co, parent of Henan Shenhuo Coal Industry and Electricity Power Co Ltd<000933>, on Friday announced that it will issue 365-day financing bills on the interbank market on Oct. 21, sources reported.The company hopes to raise up to RMB 500 million through the issuance.The...

Export Working Capital Financing

13 Oct 2009 06:52:32 GMT

Export working capital (EWC) financing allows exporters to purchase the goods and services they need to support their export sales.

China Minmetals to issue RMB 3 bln in financing bills

9 Oct 2009 06:20:42 GMT

China Minmetals Corp, the country's largest state-owned metal and mineral producer and trader, announced that it will issue one year financing bills on the interbank market on Oct. 15, sources reported. The company hopes to raise up to RMB 3 billion through the issuance.The bills will become tradable on...

UPDATE 1-Delta closes $2.1 billion in financing

29 Sep 2009 01:14:20 GMT

ATLANTA, Sept 28 - Delta Air Lines said on Monday that it has closed $2.1 billion of financing deals that have bolstered its liquidity by $600 million. The company said the transactions also have addressed...

Sophisticated finance does bring benefits

19 Jan 2009 08:10:06 GMT

Sophisticated finance does bring benefits. Finance allows the creation of vast enterprises out of the combined capital, supplied at modest cost, of millions of people.

The 5 Most Feared Figures In Finance

30 Oct 2009 05:37:52 GMT

Every Halloween there is no shortage of children dressed up as vampires, werewolves and witches. If, however, a child truly wanted to inspire horror in the adults handing out the sweet candy treats, he or she would be better to put on a suit, tie and wing-tipped shoes, and threaten to topple the market. In this article, we'll take a look at the frightening financial figures that caused terror on Wall Street.

The world this year: finance and economics

25 Dec 2008 10:10:42 GMT

The credit crunch turned into a full-blown global financial crisis in September...

Successful Women in the Finance Industry

19 Sep 2008 09:44:29 GMT

As Wall Street struggled through the credit crisis this year, many chief executives, like thousands of their staffers, found themselves out of a job. Among these: Zoe Cruz, the president of Morgan Stanley, who ranked on our list last year...

5 Most Respected Figures in the Finance Industry

10 Sep 2008 10:02:15 GMT

J.P. Morgan was a wealthy man, but not near the scale of a Rockefeller or even a Gates...

The euro area's economy

19 Jan 2009 06:20:42 GMT

Finance is in retreat. The service-led economies of America and Britain, with their underemployed estate agents, mortgage brokers and bankers, are shrinking...

The Richest Men in the World

15 Aug 2008 09:20:40 GMT

The world's richest man, they are the spirit of finance!

10 Simple Steps To Financial Security Before 30

21 Oct 2009 06:21:12 GMT

Being financially secure enough to enjoy your life in retirement is the last thing on the minds of those under 30. After all, with the stress of all the expensive "firsts" that often come about during this period, like purchasing a car, buying a house and starting a family, it's hard to even think about saving for the future. However, working toward financial security need not be an exercise in self-deprivation, as many people assume. Attaining this goal even has some immediate benefits, as financial inse

10 Tips for the First-Time Business Owner

18 Sep 2009 06:19:43 GMT

Here are 10 pieces of advice that I wish someone had given to me before I launched my first venture.

6 Questions To Ask Before You Refinance

15 Sep 2009 03:33:20 GMT

Refinancing your mortgage can be a great way to save money, but it's not a sure thing. Before you take the plunge, ask yourself these six questions and ensure that you aren't making a major money mistake.

6 Ways to Grow, Despite the Downturn

31 Aug 2009 06:20:18 GMT

The good news in this economy is that people are still spending, and they'll continue to do so. Businesses still produce their products and deliver services.

Is Your Business Fit to be Sold?

18 Aug 2009 08:40:14 GMT

It鈥檚 been a difficult year for most entrepreneurs hoping to sell their business.

5 Things You Shouldn't Do During A Recession

10 Aug 2009 07:57:54 GMT

1.Becoming a Cosigner. Cosigning a loan can be a very risky thing to do even in flush economic times. After all, if the individual taking the loan doesn't make the scheduled payments, the cosigner could well be asked to make them.

Strategies prior to seeking a small-business loan:

31 Jul 2009 05:41:47 GMT

1Contact a financial advisor early. Consider cultivating a relationship with your financial advisor before you need a loan.

New Tax Tips for Businesses

12 Feb 2009 06:08:18 GMT

Business purchase write-offs: In an effort to stimulate business growth, the Section 179 depreciation allowance for business equipment or property has been expanded for the 2008 tax year only. Business owners can write off up to $250,000 in qualified purchases, double the amount in 2007. In addition, your purchases can total up to $800,000 in all (up from $500,000) without reducing your first-year depreciation write-off.