China’s new yuan-dominated lending in April rose to 774 billion yuan ($113 billion) from 510.7 billion yuan in March, the People’s Bank of China, the central bank, said on Tuesday even as analysts said it was a bit out of expectations. (China.org.cn)
Barclays had agreed to settle a lawsuit in Singapore with Pagoda Partners for failing to pay a S$365,000 fee for a banker it hired from Merrill Lynch, according to the recruiter.
Mizuho Financial Group, Japan’s second-largest bank by assets, plans to raise its stake in Orient Corp to 27 per cent from 5 percent. (Reuters)