Santander Consumer Finance has signed in Hefei, Anhui Province, an agreement with Chinese car manufacturer Anhui Jianghuai Automobile Co., Ltd (JAC) to create an independent company to provide auto financing in the Chinese market. Under the accord, Santander Consumer Finance and JAC will each have a 50% stake in the new company and will each name three members to the board of directors. The consumer finance unit of Banco Santander…
China suppliers are boosting overseas shipments to emerging markets amid slowing orders from the EU as the region tackles its debt crisis. This is according to a survey of 581 exporters by Global Sources. In the months ahead, 42 pc of survey respondents expect to strengthen their footholds in South and Latin America, the Middle East, Africa, Eastern Europe and the Asia-Pacific region. Craig Pepples, Global Sources’ President of Corporate Affairs, said: “China suppliers are already taking proactive measures to…
A curated selection of links we hope can enlighten us all; some come from our corner, some do from other corners of the net. And as always, our comment widgets are anxious to get your suggestions: Humor: What service the next president of Spain should call for… Europe is developing rescue fatigue Get used to the euro crisis: it’s the new normal China worried about banks’ loans to construction companies and…
China's HNA Group and Spain's company NH Hoteles announced the set up in 2012 of a hotel management company in China. HNA will inject €330 million into the Spanish company by December 15, according to the terms of the deal. The joint venture signals NH's use a growth strategy through low-risk deals, such as management of third-party owned hotels, to expand its business. Spain's NH Hoteles (see graphic with key financials) ranks…
How To Get Your Ex girlfriend Back From Barclays Capital | China's sovereign-wealth fund stepped in Monday to buy shares of the country's battered banks, which have been caught in a selloff that analysts say reflects a broader loss of trust in the integrity of corporate earnings and government statistics. The skepticism of investors comes as China has become increasingly exposed to global markets, largely through stock listings of its…
In spite of appetite for US banks being healthy and at the top of the S&P upward trend, their CDS keep rocketing, too, at quite a pace (+7,72% on Thursday). The graph pictures the changes from May-June. We fear is a correlation effect from what’s happening to Chinese banks. Details from Barclays Capital: “China closing for lunch off 37bps, noticeably less phased by the stream of commentary overnight about problems…
In spite of appetite for US banks being healthy and at the top of the S&P upward trend, their CDS keep rocketing, too, at quite a pace (+7,72% on Thursday). The graph pictures the changes from May-June. We fear is a correlation effect from what’s happening to Chinese banks. Details from Barclays Capital: “China closing for lunch off 37bps, noticeably less phased by the stream of commentary overnight about problems…