Brazilian Mining Giant Sells Mega Ships To China
Brazil’s cash-strapped mining giant Vale has sold four mega freighters to a Chinese consortium for US$423 million, local media reported Wednesday.
Commercial Bank of China
China’s Non-Performing Commercial Loans Jump
Over the weekend the China (FXI, quote) Banking Regulatory Commission released a report indicating that China’s non-performing loans for commercial banks in China increased by 1.16% for the month of September.