Chinese banks including major state lenders cut interest rates on a range of yuan deposits Friday as they moved to protect their profitability after Beijing.
JPMorgan Chase & Co. upgraded shares of Agricultural Bank of China (OTCMKTS:ACGBF – Free Report) from a neutral rating to an overweight rating in a report released on Thursday morning, FlyOnTheWall reports. Separately, The Goldman Sachs Group cut shares of Agricultural Bank of China from a neutral rating to a sell rating in a research […]
Agricultural Bank of China Limited (OTCMKTS:ACGBY – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 100 shares, a decline of 87.5% from the July 15th total of 800 shares. Based on an average daily volume of 30,400 shares, the […]
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Pan Gongsheng has been appointed as the new Communist Party chief, making him the likely candidate to become the next governor. The central bank has pledged to stabilize the Yuan. The change in leadership also precedes a possible visit by US Treasury Secretary Janet Yellen.