TOKYO – As China scrambles to stimulate growth, it’s comforting to see Chinese Premier Li Keqiang internalizing – apparently – the works of Milton Friedman. How so? By recalling the Nobel Prize-winning economist’s edict that a crisis is a terrible thing to waste. This week, Li called on local officials in six key provinces to […]
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SHANGHAI/BEIJING: China’s banking regulator is scrutinising property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate sector’s debt crisis worsens. Read full storyContinue Reading
Deputy Prime Minister and Power Minister Supattanapong Panmeechaow yesterday emphasised the need for an executive decree that would enable the Finance Ministry to guarantee a loan of 150 billion baht for that Oil Fuel Account, as well as additional steps to help vulnerable groups.Continue Reading
Having been ahead of the curve on sustainability and climate change, E.SUN Bank is transforming the way it works, while impacting its wider ecosystem of customers and partnersContinue Reading
BENGALURU: BHP Group Ltd reported bumper profits on Tuesday on the back of gains in prices of coal and other commodities, and declined to rule out a second approach in its spurned $6 billion bid for OZ Minerals. Read full storyContinue Reading
Indian had reportedly voiced fears that the deliver would be used to monitor its activities.Continue Reading
HONG KONG: Chinese regulators possess instructed state-owned Cina Bond Insurance to give guarantees for onshore bond issuance by a few private property developers including Longfor Group and CIFI Holdings, according to 4 sources with knowledge of the matter. The support from your state comes amid mounting concerns that a deepeningContinue Reading
Advocates claim a 2008 statute to regulate electronic transactions favours the effective and wealthy and is used to settle scores and silence critics
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HONG KONG: Hong Kong’s audit regulator said on Monday (Aug 15) it has initiated an enquiry into the financial statements of China Evergrande Group’s property services unit and its former auditor after questions were raised following the developer’s probe into seized deposits worth US$2 billion of the unit. The FinancialContinue Reading
Trang: A former supervisor of local cooperative has been detained by the court for apparently stealing rubber stock worth more than 300 million baht.Continue Reading