Markets News Monday: Spanish bank BBVA to increase Chinese stake; Gold rises to new high
Nov 23rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Markets news on stocks, currencies and commodities; The FT reports today that Spain’s BBVA -- the country's second-biggest bank - - is set to invest a further €1.1bn ($1.6bn) to lift its strategic stake in China Citic Bank and cement its position as one of the leading European investors in mainland Chinese banking.