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BBC News – Chaori Solar in landmark Chinese bond default
Solar panel maker Shanghai Chaori Solar Energy Science & Technology has defaulted on interest payments owed on its bond, say media reports quoting the firm. It is the first Chinese firm ever to...
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India’s Rural Bankers Risk Robbery to Sign Up Depositors – Businessweek
Zeyaul Haque, who runs a market stall in rural India, likes the respect he earns as the village banker. He has 10,000 customers who previously didn’t have access to savings accounts or cash...
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India urges millions of poor to open bank accounts – Businessweek
India’s state-owned banks are conducting a massive campaign to open millions of accounts for the poor. The measure is aimed at some 150 million Indians who are off the financial grid and vulnerable to...
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Property, manufacturing woes help trim China’s shadow banking | Reuters
A bid by China to rein in its “shadow banking” activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not...
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Chinese Banks Lure Deposits by Offering Goodies for Cash – Businessweek
Banks in the U.S. once gave away toasters and irons to lure depositors. Banks in China are upping the ante. With customers pulling out money and putting it into higher-yielding investments, they are...
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Demands for Bribes and Other Barriers Get in Way of Modi’s Banking Push for...
Firozaben, a nurse at an upscale clinic here, opened an account at the state-owned Bank of Baroda Ltd. in December, attracted by the promise of an overdraft provision and accident- and life-insurance...
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Private banker KV Kamath named first BRICS bank head | Reuters
Indian private banker K.V. Kamath has been named as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told...
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Greece and China expose limits of ‘whatever it takes’| Reuters
For a world so confident that central banks can solve almost all economic ills, the dramas unfolding in Greece and China are sobering. “Whatever it takes,” Mario Draghi‘s 2012 assertion about what the...
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Strike hits Indian banks, but treasury functions normal | Reuters
A nation-wide bank strike in India hit the public transactions like cheque clearances and cash deposits, but the vital treasury operations including a 150 billion rupee ($2.24 billion) government bond...
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Jack Ma: The billionaire trying to stop coronavirus (and fix China’s reputation)
Image copyright GETTY IMAGES The richest man in China opened his own Twitter account last month, in the middle of the Covid-19 outbreak. So far, every one of his posts has been devoted to his...
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