U.S. Bankruptcy Court approved Lyondell chemical company for two billion U.S. dollars loan
On the afternoon of January 8th news, according to foreign media reports, the United States Bankruptcy Court approved on the 8th that Lyondell Chemical Company (Lyondell Chemical Co.) who has applied for bankruptcy, was able to get two billion U.S. dollars of loans and 100 million U.S. dollars of the “super-urgent” loans, in order to prevent the company be liquidated. After the creditors to spend five hours to carry out consultations until midnight to reach an agreement, the United States Bankruptcy Judge Robert Gerber ? (Robert Gerber) approved the loan.
January 8, 2009
Lyondell chemical company loan
December 11, 2008
Bank of China
Bank of China: 300 billion opening and won in the first single for Linde Group
Yesterday, the Bank of China announced on the basis of the early expansion of the size of credit for the railway, electricity, roads and other key projects, from now to next year, the loan amount will be invested over 300 billion yuan. In the past month, the Bank of China for business loans has been added 30 billion, and in December is expected to add another 30 billion yuan.
Bank of China: next year the project loan will super 300 billion
On December 10th, in the enlarged meeting of the party committee of the Bank of China, chairman of Bank of China Xiao Gang required the entire line of credit to increase the effective and full support of expanding domestic demand, and actively adjust credit structure. This is the Bank of China in a month, for the second to implement appropriate monetary policies to support macro-economic boost demand for funds.
It was eported that the Bank of China delayed buying a share of Edmond de Rothschild Bank
Market sources, the Bank of China may need to delay investment of Edmond de Rothschild Bank of France (La Compagnie Financiere Edmond De Rothschild) for 20% rights and interests. It is learned that the deal has not been approved by Chinese regulators, so Bank of China may seek an extension of the trading deadline, to seek finishing in the first quarter of next year.
October 21, 2008
Chinese People Livelihood
The Wholesale Prices of Rice have fallen everywhere in Beijing
Entering in October, the rice demand by Beijing consumers increased greatly, but the wholesale prices has continued to decline yet, while dropped about 0.15 yuan per kilogram from the previous month.
The first Merchant without Mortgage Lending appeared in Beijing
Yesterday morning in Nanjing clothing market of Beijing, Zheng Jingxiu, have operated pants business for many years, took a card from the CMSB staff and became the first guy obtaining unsecured personal loan business.
The Valuation Clause has been criticized by Experts after Express Lost
Thousand dollars worth of MP3 players were missing by express company, then there was a empty box arriving in the recipient’s hand… In recent years, along with the development of the E-Commerce and Shopping Online and other transactions, Express industry is developing rapidly.
Coal Prices continued falling in Qin Huangdao
Domestic coal market appears to be not willing to follow the international market’s falling. Though the prices in Qin Huangdao keeps falling, only 10-20 yuan per ton, which is far below the international coal market decline in recent weeks. Howere, the professional visitors still worried zhout the future of coal industry.
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