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China Construction Bank Corp., the worlds second-largest lender by market value, plans to raise as much as 75 billion yuan ($11 billion) in Asias biggest-ever rights offer to replenish capital eroded by loan growth.
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Organizers of the Sochi 2014 winter Olympics were urged on Thursday to keep up their construction pace as Europe’s largest building site is still a long way away from resembling an Olympic city.
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Organisers of the Sochi 2014 winter Olympics were urged on Thursday to keep up their construction pace as Europe’s largest building site is still a long way away from resembling an Olympic city.
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April 30 (Bloomberg) — China Construction Bank Corp. , the worlds second-largest lender by market value, plans to raise as much as 75 billion yuan ($11 billion) in a rights offer to replenish capital.
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Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. posted the largest first-quarter profits among the worlds banks, powered by the fastest economic growth in three years.
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ICBC, the worlds biggest lender by market value, said net income climbed 18 percent to 41.55 billion yuan ($6.1 billion) in the three months ended March 31, while Construction Banks profit increased 34 percent to 35.2 billion yuan, according to the Beijing-based companies filings to the Hong Kong stock exchange yesterday.
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NEW YORK (AP) — Shares of some top construction companies are up at noon: Fluor rose $1.91 or 3.6 percent, to $55.11. FosterWhl rose $.71 or 2.3 percent, to $31.38. Quanta Services rose $.42 or 2.1 percent, to $20.18. Shaw Group rose $.27 or .7 percent, to $38.75.
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April 29 (Bloomberg) — China Construction Bank Corp. , the worlds second-largest lender by market value, said first- quarter profit rose 34 percent as bad-loan costs declined and demand for loans increased.
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April 29 (Bloomberg) — China Construction Bank Corp., the worlds second-largest lender by market value, plans to raise gross proceeds of up to 75 billion yuan in a rights offer of A- shares and H-shares, the company said in a statement to the Hong Kong stock exchange today.
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NEW YORK (AP) — Shares of some top construction companies are mixed at 10 a.m.: Fluor rose $1.21 or 2.3 percent, to $54.41. FosterWhl rose $.29 or .9 percent, to $30.96. Quanta Services rose $.14 or .7 percent, to $19.90. Shaw Group fell $.03 or .1 percent, to $38.45.
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