BEIJING: Asia’s wealthiest woman lost more than half her fortune over the past year as China’s real estate field was rocked with a cash crunch, a billionaire index demonstrated Thursday (Jul 28). Yang Huiyan, a majority shareholder in Chinese house giant Country Garden, saw her net worth plunge simply byContinue Reading
Within China, where disposable income per capita is just a fraction of that in the US, it often takes years of savings to afford an apartment, which usually costs a few mil yuan in main urban centers. Young families typically rely on parents and grandparents to help finance purchases :Continue Reading
SEOUL: The South Korean government on Mon (Jul 18) known as on striking employees at Daewoo Shipbuilding & Marine Executive (DSME) to end their month-long siege of a dock at the carrier’s biggest shipyard, which has paralysed production and it is delaying delivery of recent vessels. Finance Minister Choo Kyung-hoContinue Reading
Russia’s finance minister attended the meeting virtually while his deputy attended in person. Ukraine’s finance minister addressed the session virtually where he called for “more severe targeted sanctions”. Indonesia’s Sri Mulyani said while chairing a fractured G20 has been “quite overwhelming” due to the war in Ukraine, all members agreedContinue Reading
SHANGHAI: A woman who had been injured on Weekend (Jul 12) when a protest by approximately 1, 000 financial institution customers in main China was strongly broken up by protection personnel said the lady continues to face nuisance. Nevertheless bearing bruises from kicks to her front and back, the 32-year-oldContinue Reading
BEIJING: Customers of rural Chinese banks whose withdrawals have been frozen will begin to get some of their money back on Friday (Jul 15), regulators said, after depositors clashed with authorities at a rare protest over the weekend. China’s rural banking sector has been hit hard by Beijing’s efforts toContinue Reading
BEIJING: Users of a “criminal gang” accused of getting control of local banking institutions have been arrested in central China after rare protests more than alleged financial problem sparked violent clashes between customers plus authorities. China’s rural financial sector has been strike hard by Beijing’s efforts to rein in aContinue Reading
TOKYO: For months, Kazumi Sato, a doctor at a middle school in eastern Tokyo, has received sees about hikes within ingredient prices. Mindful of the economic hardships many of the students’ families face, local authorities are head wear to pass the burden associated with pricier school lunches on to them.Continue Reading
COLOMBO: Sri Lanka is bankrupt and the acute discomfort of its unprecedented financial crisis will linger until at least the end associated with next year, Prime Ressortchef (umgangssprachlich) Ranil Wickremesinghe informed parliament Tuesday (Jul 5). The island nation’s 22 million people have endured several weeks of galloping inflation andContinue Reading
BEIJING: Chinese authorities could dip into strategic pork supplies in a bid in order to rein in costs of the staple meats, Beijing’s top economic planner said on Tuesday (Jul 5). Pork prices in the planet’s second-biggest economy spiked late last 30 days, with the meat marketing for 32 perContinue Reading