Tag Archives: exchange

China’s AgBank president resigns for private reasons – Shanghai exchange

BEIJING Dec five The president of China’s third-most significant lender by assets, Agricultural Bank of China Ltd (AgBank) resigned for personal reasons, the Shanghai Stock Exchange stated in a statement on Friday.

Zhang Yun, who was each the president of the bank and the vice chairman, was taken away to assist with an investigation, Bloomberg reported in November, citing men and women familiar with the matter.

AgBank’s board authorized the bank’s current chairman Liu Shiyu to be the acting president, the exchange stated, in a separate statement on Friday.

Corruption investigations instigated by China’s President Xi Jinping have ensnared best politicans, state enterprise leaders and a cast of senior bankers, which includes AgBank’s former vice president, who was jailed for life for graft. (Reporting by Sue-Lin Wong and Huang Kai Editing by Richard Pullin)

Turkey to support EU curb migration in exchange for money, EU membership talks: draft

BRUSSELS Turkey will aid the European Union handle the flow of migrants that has referred to as into question the future of Europe’s passport-free of charge travel in exchange for money and restarting stalled talks on EU accession, draft conclusions of an EU-Turkey summit said.

“Both sides will, as agreed and with quick impact, step up their active cooperation on migrants who are not in require of international protection, preventing travel to Turkey and the EU, ensuring the application of the established bilateral readmission provisions and swiftly returning migrants who are not in want of international protection to their nations of origin,” the draft, observed by Reuters, mentioned.

In exchange, Turkey will get 3 billion euros of initial aid to deal with the refugees on its territory. The quantity may be adjusted later on depending on developments, the draft said.

The EU would also open in December the subsequent chapter of negotiations with Turkey in its accession talks to the EU, which have been dragging on given that 2005, and prepare further chapters for discussion in the very first three months of subsequent year.

The EU also aims to lift the need to have for visas for Turks traveling to the EU in October 2016 if Ankara meets certain criteria specified in an agreed roadmap, said the draft, which may possibly nonetheless be changed after the talks which commence at 1500 GMT.

(Reporting By Jan Strupczewski Editing by Dominic Evans)

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