Henan: Officials pledge to release funds after China bank protest
2022-07-12
Financial regulators in Henan said “advance payments” will be made in batches from this Friday.Continue Reading
Banks in China’s Henan to repay some customers after mass protests
2022-07-12
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
China detains alleged Henan bank fraud ‘gang’ after rare mass protests
2022-07-11
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
Henan: Violent clashes after hundreds show up for China bank protest
2022-07-11
Many in Cina turned up in protest after their banking institutions froze 39 billion yuan ($5. 8bn; £4. 9bn) within funds.Continue Reading
Asian firms may struggle to refinance dollar debt, ratio suggests
2022-07-11
Oriental companies are likely to find it harder to refinance dollar-denominated debt, the decline in an important metric suggests, with all the currency at a two-decade high and a latest surge in inflation forcing central banks to raise interest rates. The interest coverage ratio of these businesses – a measureContinue Reading
Chinese protesters demanding bank deposits tussle with security men
2022-07-10
Zhang said he had already been hoping to retrieve about 170, 000 yuan (US$25, 000) deposited with one of the banking institutions, the Zhecheng Huanghuai Community Bank. Zhang stated he had suffered accidental injuries to his feet and thumb, and was taken away simply by four unidentified protection personnel atContinue Reading
IN FOCUS: From life-giving source to murky brown water, is there hope for Nepal’s Bagmati river?
2022-07-08
“I has been thinking that it wouldn’t last long, but no matter what, we had to start anyhow. Let’s give it a try . We were amazed, there have been lots of people on the initial day, more than three hundred, ” recalled Dr Shakya. “I don’t keep in mindContinue Reading
Amazon inks big office lease in Singapore, Business Times says
2022-07-08
Amazon.com Inc has signed a lease for about 369,000 square feet (34,200 square meters) at the new IOI Central Boulevard Towers in Singapore, the Business Times reported without citing where it got the information from. Read full storyContinue Reading
Malaysia central bank increases interest rate to 2 . 25%, second hike this year to support financial growth
2022-07-06
BNM declared that economic activity in the country has continued in order to strengthen in recent months, with exports and retail spending indicators assert the positive growth momentum, supported by the changeover to endemicity. This said that the reopening of the global economic climate and the improvement in labourContinue Reading
The far east touts Afghan industry and investment programs after quake
2022-07-05
KABUL: China’s ambassador touted trade and investment decision plans for Afghanistan on Tuesday (Jul 5), a general public endorsement for conducting business in the Taliban-controlled nation after an earthquake drew attention to the particular humanitarian consequences of Western sanctions. At an uncommon press conference together with the Taliban administration’s actingContinue Reading