Business
China to rein in bank risk, eyes private lenders
China banking regulator vowed today to take steps to rein in banking risks in 2014 while outlining plans to set up private banks to boost competition in the industry.
Three to five private banks will be set up under a pilot scheme, the China Banking Regulatory Commission (CBRC) said in a statement following a meeting on banking... Read More
Activists blocking an entrance during the squatting of an empty building in Madrid. The building belongs to Spain's Caixabank and will be used to house families who have been evicted or are in a precarious situation. - Reuters pic, January 6, 2014.
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Indonesia’s economy cools, more room for looser policy seen
Southeast Asia's largest economy may have cooled to its weakest in four years as activity dropped sharply late in... Read More
China issues fresh curbs on shadow banking
China's cabinet has issued new guidelines to strengthen regulation of the shadow-bank lending that has helped fuel... Read More
Indonesia scales back sharp gas price rise as elections loom
Indonesia's state-owned oil and gas firm Pertamina today bowed to government pressure and cut the price of... Read More
Palm slips to 2-week low on oversupply fears, investors gear up for 2014 trade
Malaysian palm oil futures slipped to a two-week low today as forecasts of bumper supplies from the world's top... Read More
Thai state bank again seeks funds for troubled rice scheme
A Thai state-backed farm bank will issue a 20 billion baht (RM1.9 billion) bond next week in another attempt to... Read More
Thai shares at 16-month lows, Indonesia falls on selling in large caps
Thai stocks hit 16-month lows today as concerns over the impact of political turmoil on the economy spurred... Read More
Asian shares slip, Tokyo hit by strong yen
Asia's markets fell today in the first full day of trade in the new year, with Tokyo tumbling as the dollar and... Read More
Philippines says unlikely to borrow offshore for now
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Singapore shares flat after weak China services growth
Singapore shares opened flat today after slowing services sector growth in China raised concerns over the pace... Read More
Shares mixed at midday on selling pressure, weak lead from Wall Street
Shares on Bursa Malaysia were traded mixed at the end of the morning session on further selling pressure and a... Read More
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