China's central bank reopened a US$29.98 billion offering of three-year bills meant to drain liquidity from the banking system in July, continuing a bias towards tightening, The Wall Street Journal reported. The People's Bank of China ...
Tags: China Bill, Tightening Bias
After eluding police for 10 days last year, a dragnet in central China’s Henan province finally closed in on Li Mingzhong, the head of a BOC Fullerton Community Bank branch who had absconded with more than US$16 million in rural ...
Tags: Village Banks, Privatization
Last month’s credit crunch should be seen as part of Beijing’s effort to restrain runaway credit growth and investment and encourage consumption spending, according to the Export Finance and Insurance Corporation. The ...
China formally announced a thorough decontrol over lending rates of financial institutions on July 20. Approved by the State Council, the Chinese cabinet, the People's Bank of China (PBOC), the central bank, said on July 20 that the ...
Tags: lending rates, commercial principles, china
Fincantieri to build a super luxury ship for regent Seven Seas Cruises Thursday, Jul 11, 2013 Fincantieri has received an order from Regent Seven Seas Cruises for the construction of a super luxury cruise ship. The new ship will be ...
Tags: ship, Transportation, Service, logistics
What does it take to shake the Chinese market? If stock turmoil in Shanghai and talk of bank default don't strike fear in the heart of the nation, images of a metropolis falling into a chasm will perhaps do the trick. An image from the ...
Tags: Cash Squeeze, Banks
Few subjects in China today are more interesting or all encompassing than urbanization, particularly as we enter a fascinating demographic shift that will reduce the rate of urbanization. China is simply running out of bodies in the ...
Tags: Urbanizatio, Aging, Relaxation Crisis
China edged its way toward a credit crunch last week, spooking investors, businesses, analysts – and perhaps more than anyone – the banks themselves. Liquidity in the country's money market appeared to suddenly dry up after a ...
Tags: Risky Economy, credit crunch
Investors around the globe are on edge amid more volatility in financial markets as Wall Street attempts to wean itself off stimulus and fears intensify about China's banking system, sending Australian shares sharply lower to the point of ...
Tags: Investors, Wall Street, Financial Markets
How do you build a blockbuster app in Myanmar, one of Asia's poorest countries? You go and ask a fortune teller for help, according to 25-year-old Htoo Myint Naung, a local developer. "There's a very famous fortune teller in Yangon, he is ...
Tags: Mobile Apps, Myanmar
The U.S. government should bar foreign companies that repeatedly steal or use stolen U.S. intellectual property from selling their products in the country, a new report recommended. About US$300 billion worth of intellectual property is ...
Tags: US, Foreign Firms, Intellectual Property
Alberto Yusi Lajud Pena, found dead in the Dominican Republic two weeks ago, was the leader of the New York cell of an international gang of cyber thieves that authorities allege stole a staggering $45 million from ATM machines around the ...
Tags: Bank Security, Computer Products
Australian government bonds will be traded on the Australian Securities Exchange from May 21. The new arrangement will allow investments in Treasury Bonds and Treasury Indexed Bonds in the form of CHESS Depository Interests (CDIs). ...
Tags: ASX Trade, Government Bonds
The traditional structure by which payments are made in the UK needs to be vastly simplified, with retailers and other merchants dealing directly with customers' banks - not via "merchant acquirers" and other middlemen. The new structure ...
Tags: Payments Loop, Computer Products
Sainsbury's Bank, the 50/50 joint venture between the supermarket chain and Lloyds Bank, will outsource its entire banking IT platform when Sainsbury's takes complete control of the financial services organisation. Further reading ...
Tags: Sainsbury, IT, Computer Products