China's biggest bank coming to Canada

China’s exports rose less than forecast for the first time in four months, fuelling concerns about the outlook for trade as the government said it’s investigating reports of inflated figures.

Industrial and Commercial Bank of China Ltd (ICBC) has replaced Exxon Mobil Corp as the world's biggest public company for the first time, and China Construction Bank Corp (CCB) ranked second, the annual list compiled and released by the Forbes Magazine showed.

Last night's bad PMI number seems to have been the tipping point in a recent build up of bad Chinese data that came in last month. This morning, the Nikkei fell by 7.3%, and markets around Europe are down as well.

BUENOS AIRES (Reuters) - Argentina has given approval for the Industrial and Commercial Bank of China to take control of the local operations of South Africa's Standard Bank following a $600 million deal last year, an official source said on Saturday. ICBC, the world's biggest bank by market value, will take 80 percent of commercial lender Standard Bank Argentina and its two affiliates, asset manager Standard Investments and Inversora Diagnol, a commercial service provider. Johannesburg-based Standard Bank will reduce its stake in all three firms to 20 percent. ...

Industrial & Commercial Bank of China plans to open branches in Paris, Brussels, Amsterdam, Milan and Madrid over the next two weeks, more than doubling the European presence of China's biggest lender.