China Bank to Buy $1 Billion Stake in Bear Stearns
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Bear Stearns would also invest in the state-run Chinese investment bank, and the two would pool their Asian businesses outside China.
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Reclusive billionaire Joseph C. Lewis, who made his fortune trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up $860.4 million worth of the investment bank's sagging stock to become one of its largest shareholders in less than a month.
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NEW YORK -- Investment bank Bear Stearns Cos. and Chinese bank Citic Securities Co. said Monday they will form a strategic partnership that includes $1 billion in cross-investments and the creation of a new Asian joint venture.
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China has agreed to pump $5 billion into Morgan Stanley as the U.S. investment bank reported a stunning fourth-quarter loss fueled by $9.4 billion in write-downs in subprime mortgages and other assets.
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BEIJING, Dec. 27 -- China Construction Bank, one of the big four State-owned commercial banks, plans to list on a stock market in the first half of next year, the Securities Daily reported, citing a government official.
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Commonwealth Bank hopes to unlock the door to China&#39;s burgeoning banking market with plans for a $25 million investment in one of the country&#39;s largest city commercial banks.
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The Brit has been buying up a big stake in beleaguered bank Bear Stearns.
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Funds controlled by British billionaire Joseph Lewis have amassed a seven percent stake in Wall Street investment bank and brokerage Bear Stearns, a US securities filing showed Monday.
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U.S.-based fund manager Harris  Associates has built a $1 billion stake in troubled Swiss  investment bank UBS , the Sunday Times said in an  unsourced report.
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Business & money: UK-based bank confirms Â£9bn from the governments of China and Singapore will help it finance an improved takeover offer for Dutch rival ABN Amro.
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Singapore Airlines confirms it is in talks about buying a stake in  China Eastern Airlines, a deal which could be worth up to $1bn.
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China has agreed to pump $5 billion into Morgan Stanley as the U.S. investment bank reported a stunning fourth-quarter loss fueled by $9.4 billion of losses in subprime mortgages and other assets.
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International Business Machines Corp. is selling a majority stake in its pioneering personal computer business to China's biggest computer maker, Lenovo Group Ltd., for &#36;1.75 billion in cash and stock.
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BEIJING -- China launched a $1 billion fund Tuesday to finance trade and investment by Chinese companies in Africa as part of efforts to nurture commercial ties with the resource-rich continent.
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Morgan Stanley  said on Monday  it has acquired China's Nan Tung Bank, a deal that would give  the Wall Street giant a coveted onshore commercial banking  license in China ahead of U.S. investment bank rivals.
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The Bank of China has bought Asia's largest aircraft leasing company SALE, Singapore Airlines -- one of four shareholders in the firm -- has announced.
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Reclusive billionaire Joseph C. Lewis, who made his fortune trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc , snapping up the investment bank's sagging stock to become one of its largest shareholders in less than a month.