Chinese banks report profit despite slowdown

Note: This section contains information in English only.
Source: Bloomberg
China's banks reported four year record high net income for 2011, the fastest growth since 2007 as revenue from financial services and loans erased the negative effects from defaults caused by slowing economy. Chinese financial institutions earned a total net profit of CNY 1.25 trillion (USD 198 billion), a 39% improvement compared to 2010.
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Tue, 24 Apr 2012 05:47:26 GMT

European shares fall on French results, PMI data

European equities plunged on Monday, marking a worst session in three months as investors sentiment was driven down by weaker Chinese and European PMI data amid rising political tensions in the Netherlands and France. Stoxx Europe 600 index fell 2.3%, French CAC 40 sank 2.8% and German DAX plunged 3.4%. UK FTSE 100 index slipped 1.85% and Amsterdam AEX index

Tue, 24 Apr 2012 05:58:26 GMT

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