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Tag: China

Accumulated Chinese investments in Armenia are about $1 million

Economy
The amount of accumulated Chinese investments in Armenia is about $1 million, deputy foreign minister Robert Harutyunyan told journalists on Friday

China is one of Armenia’s most important investment partners, says Thies Clemenz, chief executive officer, HSBC Bank Armenia

Economy
China is one of Armenia’s most important investment partners, Thies Clemenz, Chief Executive Officer, HSBC Armenia, says in a study entitled ' Business Opportunities with “New Normal” China: Prospects for Armenia

China’s currency will account for 10 percent of world reserves by 2025- survey

Exchange market
China’s currency will account for 10 percent of world reserves by 2025 with Asian monetary authorities showing the most support, according to a survey of central banks carried out in March, vestifinance.ru reported

Armenia and China make their first dram-yuan swap deal

Banks
Armenia and China have made their first swap deal worth 77 billion drams and one billion yuans respectively, the press service of the Central Bank of Armenia said. It said an agreement to that end was signed on Wednesday

China Gobbles Up Long-Term U.S. Debt: WSJ

Capital market
China gobbled up Treasury debt maturing in more than a year at the fastest clip on record in 2014, while shedding some very short-term debt, a Wall Street Journal analysis of the latest U.S. data show

China’s bad loans jump by most since 2005 in third quarter

Economy
China’s bad loans jumped by the most since 2005 in the third quarter, fueling concern that a cooling economy will be further weakened as banks limit lending to avoid credit risks, vestifinance.ru reported citing Bloomberg

Central Banks of Russia, China discuss bypassing dollar

Banks
Representatives of the Bank of Russia and the People’s Bank of China discussed cooperation issued during the talks in Shanghai on June 25-26, Prime reported

China’s Postal Savings Bank Said to Plan $4 Billion IPO: Bloomberg

Capital market
YEREVAN, June 26. /ARKA/. Postal Savings Bank of China Co., the lending arm of state-owned China Post Group Co.,...

China plans to establish global financial institution

Banks
China is expanding plans to establish a global financial institution to rival the World Bank and the Asian Development Bank (ADB), which Beijing fears are too influenced by the US and its allies, Prime reported citing The Financial Times

Asian stocks mixed after weak China trade data; US jobs watched: CNBC

Capital market
Asian equity markets ended mixed on Friday following a weak trade report from China and as caution prevailed ahead of the much-anticipated December U.S. jobs report

Asian stocks rise after ChIna manufacturing data: Forextalk

Capital market
Asian stocks rose, with a regional benchmark index trading near a four-month high, after a private measure of Chinese manufacturing jumped more than forecast, Forextalk.us reports referring to Bloomberg. Trading on Hong Kong markets was delayed due to a storm

China stocks hit 7-week high; Asia pares losses: CNBC

Capital market
China's benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia's equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing

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ACBA Bank to Invest $50 Million in MSME Development in Partnership with JICA (VIDEO)

ACBA Bank and the Japan International Cooperation Agency, JICA, are launching a partnership, as a result of which ACBA Bank will invest $50 million in the development of micro, small and medium-sized enterprises in Armenia.

Pashinyan: “banking secrecy is no longer a ‘sacred cow’ in democratic countries”

Armenian Prime Minister Nikol Pashinyan said today that banking secrecy cannot be inaccessible to the state.

Euro down 1.47 points to 412.25 drams

The average market exchange rate of the US dollar to the Armenian dram as of January 31, 2024, was 97.35 drams, down 0.57 points compared to January 30.

Armenian company buys Russian subsidiary of Goldman Sachs

Russian President Vladimir Putin has authorised the purchase of Goldman Sachs' unit in Russia by investment company Balchug Capital, a government decree published on Friday showed, Frank Media reports.

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