ICBC Macau was established by integrating the Macau Branch of ICBC (Macau Branch) with Seng Heng Bank (Seng Heng) in July 2009. Holding a full banking licence issued by the Monetary Authority of Macau...
Global trade will face lingering protectionism for up to two years, as the job market reels from the global financial crisis, World Trade Organisation Director-General Pascal Lamy said recently. “We...
The Bank of Japan could say this month that consumer prices will stop falling next fiscal year, sources say, but analysts said it would keep its easing bias as a full-fledged escape from deflation is ...
Eurozone finance ministers approved a 30 billion euro emergency aid plan for debt-plagued Greece on April 11. Together with at least 10 billion euros expected from the IMF in the first year, it could ...
“Borrowing for this year is even closed. There will be no more borrowing,” Geoffrey Mwau, economic secretary at the Finance Ministry, told reporters. Treasury wants an additional 27.62 billion shi...
Africa’s contribution to the global body of scientific research is very small and does little to benefit its own populations, according to a report from Thomson Reuters. Like India and China, Africa...
Though foreign investors have slowly started coming back to the region, there still exists a 40-50 percent discount between the Middle East markets and that of the emerging economies, mainly the BRIC ...
China’s agency overseeing big state-owned businesses has received plans from 78 state companies spelling out how they intend to sell out of the nation’s heady property market, according to sources...
The World Bank is set to approve a controversial $3.75bn loan to help South African state utility Eskom develop a coal-fired power plant despite objections from the US and environmental groups. Eskom ...
The World Bank stepped up lending in July 2008 at the request of member countries as demand from developing countries increased in the face of a worsening world recession and sharp drop in global trad...