• Loans With Collateral

    HSBC, StanChart halt new mortgages to two HK projects by Evergrande, brokers say

    An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. REUTERS/Bobby Yip/File Photo/File Photo HONG KONG, July 22 (Reuters) – HSBC (HSBA.L) and Standard Chartered (STAN.L) are declining to extend new loans to buyers of property in two uncompleted Hong Kong residential projects developed by China’s Evergrande Group (3333.HK), three mortgage brokers said on Wednesday. One of the brokers told Reuters that Bank of East Asia (0023.HK) had taken a similar step. The move by the banks emerged after a Chinese court froze a $20 million bank deposit held by Evergrande this week and a Chinese  

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  • Loans

    FG in talk with Standard Chartered bank to replace Chinese loans for rail projects

    The Federal Government is currently discussing with the London-based bank, Standard Chartered Bank Plc, over the funding of 2 rail line projects expected to cost about $14.4 billion, as against the earlier plans to get the loans from Chinese banks. This proposed arrangement is coming after the Nigerian government had already finalized the contract with the Nigerian subsidiary of the state-owned China Civil Engineering Construction Corp (CCECC) for the 2 deals. The 2 rail projects include the eastern line that links Port Harcourt with Maiduguri and the extension of the Lagos-Ibadan rail line to Kano. READ: Nigeria is falling into  

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  • Business Analysts

    Australia Software Development Company – The role of Business Analysts on Software Development Projects

    In this era of technology and science, software development has become quite crucial for almost every business across the globe. Nearly all the companies in Australia are using some of the other software for their business operation. But have you ever wondered why your company is not making profits despite a superb marketing plan and a legit customer base? It might be because of the software you are using. Getting connected with the best Australia software development company makes the difference and helps in getting a boost up for your business. A legit and reliable company not only employs software  

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