Finance and Banking

21-Apr-10

Wong Kwong-yu, founder Gome Electrical Appliances Holding, will go on trial tomorrow for insider trading.

Robust Export Market Boosts Zhongwang's Earnings

21-Apr-10

China Zhongwang Holdings, the aluminium giant surrounded in controversy since its HK$9.8 billion IPO, reports an 86.6% jump in net profit for 2009, boosted by a surge in sales to the U.S.

IMF Asks G20 Nations to Impose Tax on Banks

21-Apr-10

The Group-of-20-nations has been advised by the International Monetary Fund to tax balance sheets, profits and compensation of banks to prevent another financial crisis.

U.S.-Led Corruption Crackdown to Hurt Chinese Companies

20-Apr-10

Chinese companies that are listed or are planning to list on a U.S. stock exchange are at high risk of breaching the Foreign Corrupt Practices Act (FCPA) standards and being subject to increased investigation and enforcement efforts.

Price Increases Raise India's Inflation Rate

16-Apr-10

All-around price increases have spurred India's inflation rate to touch a 17-month high of 9.9% in March.

BRIC Nations Mull Currency Cooperation

14-Apr-10

To lessen their dependence on the US dollar, the BRIC nations plan to look into using their own currencies in bilateral trade and investment.

New Loans Issued by Chinese Banks Decline

13-Apr-10

New yuan loans handed out in the first quarter reached 2.6 trillion yuan compared with 4.6 trillion yuan in the same period last year.

Rulemakers Set to Change How Banks Value Loans

13-Apr-10

The world's two top accounting standard-setters say they expect to issue a controversial proposal in the coming weeks that could change how banks value the loans on their books.

China Toughens Lending Rules

12-Apr-10

The China Banking Regulatory Commission has told mainland banks reassess their lending and submit complete reports on the quality of their loan books by June 30

Interest Rates in Korea Remain Unchanged

12-Apr-10

The Bank of Korea has kept its benchmark interest rate steady at 2% for the 14th consecutive month.

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