Banking Construction

Thursday, 07 December 2023

Latest News for: Banking construction

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UK construction sector contracts sharply in November

CyprusMail 07 Dec 2023

Britain’s construction sector activity fell sharply for a third month in a row in November, led by an ongoing slump in house-building as it bears the brunt of higher Bank of England interest rates, a survey showed on Wednesday ... The slump in construction contrasts with a more positive, though still sluggish, picture in the wider economy.

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FAB launches Sustainable Development Goals Fund

GCC Business News 07 Dec 2023

A strong environmental, social, and corporate governance (ESG) footprint is embedded across the ETF selection and portfolio construction processes, positioning the fund at the heart of FAB Private Banking’s sustainable investment offering ... Global Private Banking, FAB ... Construction begins on UAE’s largest aluminium recycling plant ....

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CCB to boost support for real economy

China Daily 07 Dec 2023

China Construction Bank will further improve its ability to serve the real economy by supporting the high-end, smart and green transition of the manufacturing sector, said its chairman Tian Guoli in an exclusive interview with Xinhua News Agency published on Wednesday.

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Moody's cuts Hong Kong, Macau and bank rating outlooks following China move

GDN Online 07 Dec 2023

Eight Chinese banks had their outlooks cut to negative but they weren't put on review for a downgrade ... large state-owned commercial banks. Agricultural Bank of China, Bank of China, China Construction Bank, Industrial & Commercial Bank of China and Postal Savings Bank of China.

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CDB Aviation Enters Into Inaugural Sustainability Linked Loan for $625 Million

Hastings Tribune 07 Dec 2023

Shenzhen Branch and China Construction Bank Corporation London Branch ... CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China’s leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating.

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Investment giant launches bid for the Co-operative Bank

The Business Desk 07 Dec 2023

One of the major building societies in Britain, the Coventry Building Society, has made a shock proposal to takeover the Co-operative Bank ... According to a bank analyst, a Coventry takeover would validate the constructive approach adopted by the Prudential Regulation Authority during the Co-operative Bank’s turbulent period in the last decade.

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Minneapolis Fed survey predicts tough times ahead for commercial and residential developers

Hastings Tribune 07 Dec 2023

A new survey by the Federal Reserve Bank of Minneapolis shows deepening concerns about the health of residential and commercial construction companies in the Fed's six-state region, while companies that build industrial and infrastructure projects are more optimistic.

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Russian central bank sees banks' profits shrinking next year from record high

Reuters 07 Dec 2023

"Lending accelerated in all segments in the third quarter, however a slowdown is possible at the end of the year," the central bank said. Corporate lending growth of 5.9% year on year in the quarter was driven by demand for loans from state contracts, the replacement of external debt and growth in housing construction, the bank said.

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Habitat for Humanity Brings Affordable Homes to Somers

Flathead Beacon 07 Dec 2023

After 14 months of construction, Steven, Lydia, and their 2- and 4-year-old kids will move into a single-family home in Somers ... The Puryer’s new home is one of five houses that are currently under construction as part of a Habitat Flathead project that began more than a year ago in Somers.

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Arvest Bank opens new $4.5M branch at 31st and Prospect on KC's East Side

Business Journal 07 Dec 2023

Arvest Bank celebrated the grand reopening of its branch at 31st Street and Prospect Avenue on Kansas City's East Side. The bank razed its existing more than 70-year-old building to construct a state-of-the-art branch in its place ... .

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China Focus: "Big Four" banks in full drive to build China into a financial powerhouse

Xinhua 07 Dec 2023

Exclusive interviews with heads of the four state-owned lenders -- Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), Bank of China (BOC) and China Construction Bank (CCB) -- revealed the priorities of these lenders ... At the same time, the bank will help improve the self-development capabilities of local governments.

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"Big Four" banks in full drive to build China into a financial powerhouse

Beijing News 07 Dec 2023

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Island developer applies to purchase controversial property in Point Deroche

CBC 07 Dec 2023

A company owned by P.E.I. developer Tim Banks has applied to purchase a controversial waterfront property still under construction on the Island's north shore ... .

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Israel’s ‘Two-State’ Smokescreen for Ethnic Cleansing

Consortium News 07 Dec 2023

It is inextricably linked to what is happening in the West Bank ... That same Netanyahu, at a United Nations General Assembly speech earlier this year, presented a map showing the “new Middle East,” wherein the occupied West Bank and Gaza Strip were part of Israel ... This year has seen the Israeli government take ruthless steps to annex the West Bank.

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Italy can improve economic ties with China: Meloni

Anadolu Agency 07 Dec 2023

Under the deal, Chinese banks and companies aimed to construct various projects worldwide, including power plants, railways, highways, ports, telecommunications infrastructure, fiber-optic cables, and smart cities ... On Wednesday, the government confirmed it had told China it was quitting the BRI deal ... .