Australian banks may face heightened supervision if home loan guideline not followed

(Reuters) -Australian banks could face heightened supervisory attention if they make large exceptions in granting home loans to borrowers who fail to meet an industry standard, the country’s prudential regulator warned on Friday. In a letter to banks, the Australian Prudential Regulation Authority (APRA) reiterated its expectations that lenders should extend home loans only if…

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Chinese Investors Flock To Riyadh Conference Seeking New Markets, Capital

By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…

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Chinese investors flock to Riyadh conference seeking new markets, capital

By Julie Zhu and Aziz El Yaakoubi HONG KONG/RIYADH (Reuters) – Chinese entrepreneurs and investors are flocking to Riyadh this week to attend a business conference, which will bring together business and government leaders aiming to explore expansion and fundraising opportunities, amid warming diplomatic relations. Saudi Arabia will be hosting the 10th Arab-China Business Conference,…

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US Senate panel approves measure to strip China of ‘developing’ status

By Patricia Zengerle WASHINGTON (Reuters) – Legislation to strip China of its status as a “developing nation” at some international organizations was passed by a U.S. Senate committee on Thursday, as members of the U.S. focus on competing with the Asian power. The Senate Foreign Relations Committee approved the “Ending China’s Developing Nation Status Act”…

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Japanese investors plan to sue MUFG unit over Credit Suisse bonds – Nikkei

(Reuters) – A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 bonds issued by Credit Suisse Group AG, Nikkei reported on Friday. Former Bank of America Securities lawyer Taiju Yamazaki has said he expects his “first…

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