Icelandic banker Sigurdur "Siggi" Einarsson, who ran Kaupthing bank until its collapse five years ago, is among nine former senior staff who have been charged in Reykjavik with orchestrating five large-scale market manipulation conspiracies.Thursday, 21 March, 2013, 3:00am
There was little evidence of any idea or contribution from China or India, let alone from Brazil, Indonesia, South Africa, or any of the developing countries now sitting at the supposed international top table, except maybe a suggestion of blocking action on climate change.20 Feb 2013 - 6:21am
Mainland bank lending tumbled last month, reflecting weakening investment sentiment, partly reflecting slowing demand.
But the jury is still out on when the government may ease monetary policy to help the world's second biggest economy.3 May 2012 - 12:00am
Mainland banks last year posted their highest profits in at least four years, despite a slight rise in bad loans for some in the fourth quarter amid a slowing economy.25 Apr 2012 - 12:00am
The central government aims to slow the expansion of capital investment this year, as part of efforts to rebalance the economy in favour of consumption and to keep inflation in check.7 Mar 2012 - 12:00am
As the global economy becomes more volatile, China has to rely more on its own consumers to sustain growth.
Few economists in Beijing dispute that line of thinking, but questions remain about how it might be achieved.29 Jan 2012 - 12:00am
Where in the world would you buy property this year, assuming you were brave enough to invest at all?11 Jan 2012 - 12:00am
China's economic growth juggernaut is slowing, and the Hang Seng Index has lost 21 per cent so far this year. But Clinton Dines, executive chairman of Shanghai-based hedge fund Caledonia Asia, says the mainland remains a good bet and is urging investors to pile back into Chinese stocks while they are cheap.19 Dec 2011 - 12:00am
In the 1930s, the American economist Irving Fisher outlined the dangers of debt deflation dynamics. It starts with the distress-selling of assets by borrowers to reduce their debt. Next, banks' balance sheets contract as customers pay off their debt. A general fall in asset prices creates a further fall in business net worth.10 Dec 2011 - 12:00am
Mainland banks' best days may be behind them as they are unlikely to see profit growth in the next two years if they take proper bad-loan provisions, analysts say.3 Nov 2011 - 12:00am