Construction NewsChina Construction Bk falls after Bk of America ups stake (Reuters via Yahoo! Singapore News)HONG KONG, Nov 18 (Reuters) - Shares in China construction Bank <0939.HK> dropped on Tuesday, with analysts citing investor concerns that Bank of America may dispose of some of its holdings in the China's No.3 bank in the coming quarters to bolster its own capital. Advice From the Experts: Warehouse Construction (St. Petersburg Times)What do investors need to know about warehouse complexes? The past few years have seen a boom in the construction of warehouse complexes in St. Petersburg. Two main logistics centers, equipped with the last word in technology, have appeared in Shushary and Yanino. Bank of America Plans to Double China Construction Bank Stake (Bloomberg)Nov. 17 (Bloomberg) -- Bank of America Corp. will almost double its stake in China Construction Bank Corp. , ending speculation it would dump part of its three-year-old investment in China's No. 2 bank to blunt effects of the global financial crisis. Bank of America to Pay $7 Billion for China Construction Stake (Bloomberg)Nov. 18 (Bloomberg) -- Bank of America Corp. will pay about $7 billion to almost double its three-year-old stake in China Construction Bank Corp. , three weeks after being awarded $15 billion from the U.S. government to thaw frozen credit markets. Bank of America to Boost China Construction Stake (Update1) (Bloomberg)Nov. 17 (Bloomberg) -- Bank of America Corp. , the company that's buying Merrill Lynch & Co., plans to almost double its stake in China Construction Bank Corp. to about 19.1 percent. Bank of America to Double China Construction Stake (Update2) (Bloomberg)Nov. 17 (Bloomberg) -- Bank of America Corp. will almost double its three-year-old stake in China construction Bank Corp. , three weeks after being awarded $15 billion from the U.S. government to thaw frozen credit markets. Copyright © Construction-Building.com, All rights reserved |