Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.
, | Updated:
HSBC (HSBA) said last week that it had obtained regulatory approval in China to take full ownership of its life insurance joint venture in the Asian country, as the financial giant seeks to keep expanding its non-core banking services.
The banking group has received approval from the Shanghai office of the China Banking and Insurance Regulatory Commission to buy out the remaining 50% in its venture, HSBC Life China.
The life insurance venture was established in 2009 and is based in Shanghai, while it also maintains a foothold in 10 Chinese cities.
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.
Related News
NZD/USD also higher on Chinese GDP New Zealand dollar climbed against its US counterpart on Monday, following the release of official report by the Chinese government, which showed that economy grew in line with expectations in the second quarter of the year.NZD/USD reached […]
Forex Market: EUR/CAD daily trading forecast Yesterday’s trade saw EUR/CAD within the range of 1.4381-1.4507. The pair closed at 1.4458, up 0.36% on a daily basis, following a 1.71% slump on Wednesday. The latter has been the steepest daily rate of decline since October 22nd, when the […]
Grain futures decline, corn loses ground on speculation Chinese demand may slow Grain futures declined on Wednesday, corn lost ground on concern demand from China may have slowed this month, while wheat touched fresh 3-1/2-year lows on ample global output.On the Chicago Board of Trade, corn futures for March delivery […]
Gold plunges ahead of Fed meeting, investors weigh prospects of Fed tapering Gold declined on Tuesday as investors awaited policy makers decision on Feds tapering timeline at FOMCs two-day meeting, starting today. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to remain at the […]
USD/JPY lower as safe haven demand was spurred US dollar was losing ground against the Japanese yen on Monday, after US Treasury Secretary Jacob Lew renewed his call for an increase in the nations debt limit in order to avert a default, which bolstered demand for safe haven assets, such as […]
Grain futures mixed, soybeans advance on smaller crop outlook Grain futures were mixed on Friday following yesterdays update of USDAs crop forecasts. Wheat and corn made a moderate retreat, while soybeans advanced as the agency trimmed its domestic production outlook.On the Chicago Board of Trade, […]
TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover 
