In a historic move, the Federal Reserve has cleared and allowed China’s Biggest Bank ICBC to takeover a US bank by a Chinese state-controlled company. Just days after high-level US-China economic talks in Beijing, the Federal Reserve approved an application from Industrial and Commercial Bank of China to buy a majority stake in the US subsidiary of Bank of East ... Read More »
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After France and Germany, Hong Kong sees the end of Recession
This August has brought about great news to all the People in the world who are looking with a grim hope of getting employed. Yeah, its glad to say that Hong Kong economy is risen this month. The data recorded during April to June of this year 2009 shows that the nation has brought a rise of 3.3% growth in ... Read More »