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
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
Ailing Japanese TV maker Sharp says it will try to break into a host of new industries, from industrial cleaning robots to raising strawberries, to supplement its core LCD business. At an open house at its research facility in Nara, ...
Italy-based underwriter Generali Group has entered into an agreement to dispose of its US life reinsurance business to SCOR, in a deal valued at nearly $920m in a grouping of cash and collateral. Under the terms of the transaction, nearly ...
Tags: Generali, Life Reinsurance
Foxconn's Hon Hai Precision Industry Co. has set up a Japanese research center devoted to display and touch technologies that could end up hiring staff away from Sharp. The new center, called Foxconn Japan RD Co., represents a major ...
Tags: Foxconn, Research Center, Sharp
Buried in a 100-page report issued last week by the Commission on the Theft of American Intellectual Property was a recommendation to copy a tactic cyber scammers use to extort money from innocent victims. The IP Commission -- a private ...
Tags: Computer Products, software
Buried in a 100-page report issued last week by the Commission on the Theft of American Intellectual Property was a recommendation to copy a tactic cyber scammers use to extort money from innocent victims. The IP Commission – a ...
Tags: Computer Products
Japan's Sharp booked another huge loss on Tuesday, and unveiled its latest turnaround plan, which includes relying on partnerships with Samsung Electronics and Foxconn Technology Group for business, sacking top management, and expanding ...
Tags: Sharp, LCDs, Electronics
The High Point Market is a finalist for a pair of Expo Excite awards for Best Website and Best Marketing Collateral for its fall 2012 Fashion Focus campaign. Last year, the market won the award for Social Media, a multichannel brand ...
Tags: Furniture, Furnishing
The Australian Securities Exchange has stepped up pressure on would-be competitor LCH Clearnet in the emerging market for interest-rate derivatives clearing, signing up investment groups and state treasuries to help develop a service for ...
In many respects, automated materials handling systems are like mutual funds: They’re front-end loaded. We put a lot of emphasis on conveyors, sorters, pick-to-light, voice technology and automated storage solutions. Packing stations, ...
Tags: automated materials handling systems, Processing Machinery
Bangladesh's extensive diplomatic efforts and constant lobbying has saved one billion dollar RMG export to Canada, and paved the smooth way for future export. The Parliament of Canada has recently decided to amend the relevant criteria in ...
American International Group (AIG) has introduced its new risk financing solution, Collateral Flex Option (CFO), for firms with large deductible casualty insurance programs in the US. The new technology offers a flexible option for firms ...
Tags: risk financing solution, liability insurance, insurance
The recent attack on computer networks at broadcasting organisations and banks in South Korea has brought cyber war into the limelight. While the cause of the attacks remains unknown, South Korean authorities say they "do not rule out the ...
Tags: Computer Products, Networks
Suntech Power Holdings, a China-based solar module giant, said on March 11, 2013, that it has signed a forbearance agreement with the holders of more than 60% of the firm's 3% convertible notes. The forbearance agreement between Suntech and ...
Tags: Suntech, Lighting, solar module