A community-based rubbish recycling scheme warned yesterday that sharp increases in its insurance and rent costs may doom the project - and others like it - unless it can get more funds from the government.Tuesday, 25 September, 2012, 3:47am
The High Court yesterday allowed the filing of economic evidence to challenge a long-held assumption on investment profits that claimants of compensation can make on their payouts.19 Sep 2012 - 4:09am
Several subsidiaries of Travelers Companies Inc are suing the National Football League and a host of other insurers, seeking to avoid paying to defend the league against a wave of brain-injury-related claims by thousands of former players and their families.24 Aug 2012 - 1:21am
Last night the People's Bank of China cut interest rates for the second time in just four weeks.
The surprise reduction is sure to stoke fears that the mainland's second-quarter economic growth rate - due to be announced next week - will be even weaker than the 7.5 per cent or so that analysts were expecting.6 Jul 2012 - 12:00am
Beijing is looking into setting up a deposit insurance system to promote financial stability amid mounting worries about mainland banks' deteriorating asset quality.
Song Xiangyan, a deputy director with the international department at the People's Bank of China, said yesterday that the central bank would establish the system when the time was right.15 Jun 2012 - 12:00am
Market watchers welcomed last Thursday's interest-rate cut by the People's Bank of China as a timely signal that Beijing is prepared to do whatever it takes to support economic growth in the face of a deepening slowdown.
It was the right reaction, but for altogether the wrong reasons.11 Jun 2012 - 12:00am
The era of high growth among mainland banks is looking increasingly hard to sustain, and the amount of local government loans becoming due in the next two years could exacerbate the situation.31 May 2012 - 12:00am
The mainland is likely to make a breakthrough in liberalising interest rates this year, with Beijing expected to allow banks to set rates within widened bands.
Academics close to policymakers said the progress in deregulation would allow interest rates to better reflect market supply and demand and thus squeeze the huge net interest margins of banks.22 May 2012 - 12:00am
The mainland's four largest lenders posted almost zero loan growth and losses of about 200 billion yuan (HK$245.8 billion) in deposits in the first two weeks of this month, according to an official newspaper.
Analysts said the figures pointed to further evidence of an economic slowdown and deposit stress for smaller lenders.17 May 2012 - 12:00am
It happens to politicians all over the world. As their term in office nears its end, they begin to fret about their legacy.
'What will people remember me for?' they ask themselves. 'What will the history books say about me?'5 Apr 2012 - 12:00am