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(Bloomberg) -- China’s local governments are helping inject fresh capital into small lenders across the country, part of an expanding campaign to restore confidence in the world’s largest banking system.At least 10 small Chinese banks have raised money this year by selling shares packaged with non-performing loans, in several cases to buyers controlled by local authorities. In at least one deal, the NPLs were sold at above-market rates.The transactions, while modest in number given China has 3,000-plus small banks, show the determination of local authorities to shore up the linchpins of their district economies. The health of small banks has become a growing concern after the seizure of one lender in May forced losses on creditors and cast doubt on the longstanding assumption that the state would always backstop troubled banks.The capital injections amount to “local government bailouts through cash rich state-owned enterprises,” said Alicia Garcia Herrero, chief economist for the...
Former U.S. President Jimmy Carter was admitted to an Atlanta hospital on Monday for a procedure to relieve brain pressure from bleeding caused by recent falls, the Carter Center said in a statement. Carter, 95, the country's oldest living president, was admitted to Emory University Hospital three weeks after suffering a minor pelvic fracture in a fall at his home in Plains, Georgia. A previous fall earlier in October required stitches to Carter's face, but he resumed work soon after on a homebuilding project for the nonprofit group Habitat for Humanity....
Economic data puts the EUR in focus, with trade talks and UK politics also of influence on the majors....
U.S. President Donald Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU officials said. The Trump administration has a Thursday deadline to decide whether to impose threatened "Section 232" national security tariffs of as much as 25% on imported vehicles and parts under a Cold War-era trade law. U.S. Commerce Secretary Wilbur Ross, whose agency is overseeing an investigation into the effect of auto imports on U.S. national security, said on Nov. 3 the United States may not need such tariffs after holding "good conversations" with automakers in the European Union, Japan and South Korea....
If you want to know who really controls Alpha HPA Limited (ASX:A4N), then you'll have to look at the makeup of its......
Q3 2019 Ameren Corp Earnings Call...
