The contraction of the economy and cash shortages have been stretching the management abilities of the newly installed leadership of the Chinese Communist Party.
Industry
Bank of Israel Names Jacob Frenkel as New Chief
Prof. Jacob A. Frenkel was named the new chief of the Bank of Israel replacing former bank governor Stanley Fischer.
Birla's Daughter Leads Father Into Microloans
Billionaire Kumar Mangalam Birla's daughter Ananyashree Birla offered credit to women in villages in Maharashtra state.
Sources: Vodafone to Propose a New Bid for Kabel on Monday
Two sources told Reuters on Sunday that Vodafone proposed a new bid for Kabel Deutschland early on Monday.
Lloyds Asks for Two Year Extension on Branches Sale
Lloyds Banking Group asked for a two year extension from the European Commission for the sale of its 631 branches.
Latest News
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
Stock markets fell after a comment by Fed chairman Ben Bernanke stating its plan to pull back monthly purchases of assets.
Japan planned to limit spending excluding payment of debts for the next two fiscal years. (Photo : Reuters)The image shows a man passing by the electronic board that displays Nikkei shares closing prices.
Asian markets buckled badly after the Federal Reserve indicated eventual end to free money on Thursday.
On Thursday, the Swiss National Bank announced that Credit Suisse and UBS must cut their debt levels that still top international rivals.
Rockwood Holdings Inc. cancelled a planned auction combination of its titanium dioxide and performance additives units.
Stock markets from Asia and Australia prepared for a decline after the United States began to withdraw stimulus.
Swedish big banks' capital strength are more vulnerable to risk than what appears on paper. (Photo : Reuters)The image is the face of a Swedish kronor bill.
Investors are pulling back from placing bets on emerging markets due to risks brought about by China.
