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...Official data showed the value of outstanding loans issued through the Rmb200bn scheme was just Rmb500mn in June....
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US lender’s move comes as rivals become more cautious in second-largest economy
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...Higher funding costs can be offset by stronger loan growth. But high rates can also stymie demand for loans....
...Meanwhile, West Virginia is co-leading 10 red states in litigation against the Securities and Exchange Commission, the US’s securities regulator, over rules that would require companies to disclose some...
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...Alabama-based Regions Financial on Friday reported lacklustre profits, missing analysts’ estimates by more than 15 per cent....
...The burning of fossil fuels is by far the biggest contributor to global warming, but the shift to renewables has raised major questions about energy supplies at times when the wind is not blowing and the sun...
...Frank Liang, general manager of C Sun, said his company was seeking to expand to Thailand and Malaysia, while also considering Japan....
...*Sadly, CR didn’t specify which loan this was. And borrowers (annoyingly) can be stingy about loan doc access....
...The company has said that it has plenty of liquidity to more than make good on its uninsured deposits, leaving little room for a run on deposits....
...The company’s shares fell as much as 31 per cent shortly after Wall Street’s opening bell and having disclosed the moves late on Thursday....
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...Worse, banks have cut specialised loans to oil and gas companies as a direct result of the tax....
...The European Union plans to hit Apple with a €500mn fine over music streaming, German companies make record investments in the US, and emerging market investors switch to ETFs that exclude China....
...Additional reporting by Sun Yu...
...From Bloomberg overnight: Citi Is in Talks to Start New Private Credit Strategy by Early 2024 Citigroup Inc. is in discussions to start a new direct-lending strategy by early January, the latest in a series...
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