Browsing Category News
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Chinese bankers told to curb pay to rein in risks
China on Wednesday unveiled strict new rules governing bankers’ pay that are designed to limit risk taking. Payment of 40 percent or more of an executive’s salary must be delay... -
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BOJ mulling easing again
The Bank of Japan is examining a further easing of its ultra-loose monetary policy and may decide on such a move this month, the Nikkei newspaper reported, weakening the yen and li... -
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EU trade chief sees progress in India FTA talks
A free trade agreement with the European Union could create new export opportunities worth $9bn for Indian industries, EU trade chief Karel de Gucht said. De Ducht, on a visit to I... -
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Blaming the weather for high US unemployment
That means key US data on jobs and manufacturing for February, which hold big implications for global financial markets, could lead to a befuddled reaction from investors. Confusio... -
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Earthquake to drag on Chile recession recovery
The 8.8-magnitude quake tore up highways and bridges, knocked out power that feeds mines and factories, and shook apart scores of buildings, killing more than 700 people. With deta... -
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Greece must do more to tackle debt crisis, EU says
“I am asking the Greek government to announce new measures in the coming days,” Rehn told reporters after talks with Finance Minister George Papaconstantinou. For his part, Pap... -
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India lifts borrowing in budget, bonds hit
India will increase market borrowing by 1.3 percent in the next fiscal year, disappointing bond investors, as it counts on a surging economy and a partial rollback of stimulus meas... -
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US Q4 economic growth revised up on inventories
In its second reading of fourth-quarter GDP, the Commerce Department said the economy grew at a 5.9 percent annual rate, rather than the 5.7 percent pace it estimated in January. I... -
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Tearful Toyoda apologises; Japan hopes for recovery
Toyota Motor Corp President Akio Toyoda apologised to US lawmakers probing the automaker’s safety record and ended the day in tears, in what Japanese politicians hoped was a firs... -
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Saenz: Reform could be dangerous
“If all these elements that are being discussed under the Basel III umbrella are put in place… it would be very onerous, a heavy burden on the profitability of the banking syst...
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