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
Hoping to discourage crowding, many stores possess moved sales on-line, using lottery techniques, while others have shifted to low-profile product sales that take place without having prior warning, with consoles arriving on the random schedule. The phenomenon is known as “guerrilla sales” in Japan, the term that initial emerged withContinue Reading
BEIJING: Struggling developers in China have started taking payment intended for homes in watermelons, peaches and other farming produce, state media reported Sunday (Jul 3), as they attempt to lure buyers deterred by a property marketplace slump. China’s housing market continues to be hit by a decreasing economy andContinue Reading
BRAND NEW DELHI: A good Indian domestic flight made an emergency landing in New Delhi on Saturday (Jul 2) after its cabin filled with smoke soon after take-off for the central city of Jabalpur, the airline said. People aboard the flight, operated by commercial carrier SpiceJet, were evacuated safelyContinue Reading
ABU DHABI: Indonesia and the Usa Arab Emirates on Friday (Jul 1) signed a free business agreement, strengthening economic ties between Southeast Asia’s largest economy and the major essential oil producing Gulf state. The accord, reached throughout a visit by Indonesian President Joko Widodo to Abu Dhabi, will remove orContinue Reading
COLOMBO: The particular International Monetary Account reported constructive discussions with Sri Lankan authorities on Thursday night (Jun 30), increasing hopes it could quickly grant preliminary authorization for a credit service to alleviate a crisis in which the country is fighting to pay for imports. “The discussions will continue practically withContinue Reading