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China's liberal monetary policy will continue next year, but some senior economists are predicting that the number of new loans made could actually be smaller than this year. Full Article at People's Daily Online
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BEIJING, Dec. 7 /PRNewswire-FirstCall/ -- Tata Consultancy Services (BSE: TCS.BO, NSE: TCS.NS), the leading IT services, business solutions and outsourcing firm, today announced that the Renminbi currency trading platform for the Chinese inter-bank... Full Article at PR Newswire
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Mumbai: IT major and Tata group company, Tata Consultancy Services (TCS), today announced that the Reminbi currency trading platform for the Chinese inter-bank market, has successfully gone live nation-wide. Full Article at DNA India
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Saturday, December 05, 2009 Story last updated at 12/5/2009 - 1:12 am What began more than 30 years ago in a garage has grown into an annual event collecting food and goods for the less fortunate. Full Article at Lubbock Avalanche-Journal
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Nairobi — Perhaps due to his participation in the mediated talks which ended Kenya's post-election bloodbath, there is little mention of Mr Kofi Annan the farmer. Rather, the focus seems to be on his diplomatic engagements. Full Article at AllAfrica.com
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A commentary in an official Chinese newspaper said on Friday the weakness of the U.S. dollar was "holding back" other countries' economic recovery, forcing them to choose between squeezed exports and inflation risks. Full Article at CNBC
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China's central bank views gold prices as very high and will be wary of "bubble" assets, the Apple Daily reported yesterday, citing Hu Xiaolian, a deputy governor at the People's Bank of China. Full Article at People's Daily Online
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The British government yesterday formally unveiled plans for its Post Office to become a "people's bank" in partnership with Bank of Ireland, with services ranging from children's savings to business accounts. Full Article at Irish Independent
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A lot of people are getting all worked up about the rising price of gold. Full Article at iStockAnalyst
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Commodities / Gold & Silver 2009 Dec 02, 2009 - 10:07 AM "Like a freight train in motion, gold cannot be stopped," says one Hong Kong dealer. "Relentless," says a London analyst. Full Article at The Market Oracle
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The People's Bank of China's vice governor, Hu Xiaolian told reporters in Taipei that "gold prices are currently high and commodities markets should be careful of a potential asset bubble forming." Full Article at The Street
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S tories Report on Business is following today : Ottawa on stimulus: Use it or lose it The Conservative government has warned provinces and cities to finalize federal stimulus projects in the next two months or lose it. Full Article at Globe and Mail
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Becky Barrow, Daily Mail 2 December 2009, 7:32am The radical proposal will see the embattled network transformed into a People's Bank offering every sort of account from current to children's savings. Full Article at This Is Money
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Business Secretary Lord Mandelson said growing financial services would help secure the future of the postal network, which has suffered a wave of closures in recent years. Full Article at Metro.co.uk
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Millions more people on lower incomes will be able to open a bank account, get a mortgage and qualify for cheaper direct debit fuel tariffs under government plans being unveiled today to turn the Post Office into the "People's Bank". Full Article at Guardian Unlimited
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Reader comments (1) The world's first 'Post Bank' was founded here in 1861, and the Business Secretary argues it's time for us to return to our roots. Full Article at This Is Money
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December 1, 2009 5:00 PM EST Net Revenues Increased 45% YoY and 10% QoQ to US$186.3 Million Non-GAAP Operating Income Increased 58% YoY and 13% QoQ to US$72.6 Million Non-GAAP Diluted Earnings per ADS US$0.24 -- Net revenues increased 45%... Full Article at Street Insider
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An agreement allowing banks in Taiwan and China to engage in direct currency trading is expected to be signed soon to help cut operating costs and reduce counterfeiting, according to a visiting Chinese banker. Full Article at China Post
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Taiwan shares closed up 0.88 percent yesterday, recovering from earlier losses thanks to a rally in financial stocks, dealers said. The weighted index rose 67.02 points to 7,649.23 on turnover of NT$115.09 billion (US$3.6 billion). Full Article at eTaiwan News
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China will set its loan target for 2010 at a level well below the total amount that banks gave out this year on concerns about deteriorating asset bubbles and bad loan problems, sources at the nation's top regulatory bodies told China Daily yesterday. " Full Article at People's Daily Online
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AP Photo
Governor of the People's Bank of China Zhou Xiaochuan, center, and his delegation arrive at the Treasury Department in Washington Tuesday, July 28, 2009, for meetings with Treasury Secretary Timothy Geithner at the U.S.-China Strategic and Economic Dialogue.
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AP Photo
From left, Governor of the People's Bank of China Zhou Xiaochuan, Chinese Minister of Finance Xie Xuren, and China's Vice Premier Wang Qishan, speak together as they gather for a meeting with their U.S. counterparts during the U.S.-China Strategic and Economic Dialogue in Washington, M...
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AP Photo
Zhou Xiaochuan, Governor of the People's Bank of China gestures during a press conference after he signed a trade financing agreement between China and Hong Kong in Hong Kong Monday, June 29, 2009.
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AP Photo
Zhou Xiaochuan, Governor of the People's Bank of China gestures during a press conference after he signed a trade financing agreement between China and Hong Kong in Hong Kong Monday, June 29, 2009.
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AP Photo
Zhou Xiaochuan, Governor of the People's Bank of China, left, and Joseph Yam, chief executive of the Hong Kong Monetary Authority shake hands after they signed a supplementary memorandum of co-operation, to prepare for the "renminbi" (people's currency) trade settlement between Hong Ko...
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AP Photo
Zhou Xiaochuan, Governor of the People's Bank of China, left, and Joseph Yam, chief executive of the Hong Kong Monetary Authority shake hands after they signed a supplementary memorandum of co-operation, to prepare for the renminbi trade settlement between Hong Kong and mainland China i...
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Reuters Pictures
Zhou Xiaochuan, governor of the People's Bank of China, answers a question at a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
Zhou Xiaochuan, governor of the People's Bank of China, reacts at a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
Zhou Xiaochuan (L), governor of the People's Bank of China, Zhang Ping (C), head of the Chinese National Development and Reform Commission, and Finance Minister Xie Xuren wait for questions at a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
Zhou Xiaochuan (L), governor of the People's Bank of China, and Zhang Ping, head of the Chinese National Development and Reform Commission, wait for questions at a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
Zhou Xiaochuan, governor of the People's Bank of China, arrives for a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
Zhou Xiaochuan, governor of the People's Bank of China, answers a question at a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
Zhou Xiaochuan, governor of the People's Bank of China, answers a question at a news conference during the National People's Congress (NPC) in Beijing March 6, 2009.
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Reuters Pictures
People walk past the headquarters of the central bank of the People's Republic of China in Beijing February 16, 2009. China's central bank still has some room to lower interest rates to fight the threat of deflation, vice-governor Yi Gang said.
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Reuters Pictures
People past the headquarters of the central bank of the People's Republic of China in Beijing February 16, 2009. China's central bank still has some room to lower interest rates to fight the threat of deflation, vice-governor Yi Gang said.
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Getty Images
BEIJING, CHINA - DECEMBER 13: Zhou Xiaochuan, governor of the People's Bank of China, the central bank, delivers a speech at the Caijing Annual Conference 2009 on December 13, 2008 in Beijing, China.
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BEIJING, CHINA - DECEMBER 13: Zhou Xiaochuan, governor of the People's Bank of China, the central bank, delivers a speech at the Caijing Annual Conference 2009 on December 13, 2008 in Beijing, China.
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Getty Images
BEIJING, CHINA - DECEMBER 13: Zhou Xiaochuan, governor of the People's Bank of China, the central bank, delivers a speech at the Caijing Annual Conference 2009 on December 13, 2008 in Beijing, China.
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BEIJING, CHINA - DECEMBER 13: Zhou Xiaochuan, governor of the People's Bank of China, the central bank, delivers a speech at the Caijing Annual Conference 2009 on December 13, 2008 in Beijing, China.
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Getty Images
BEIJING, CHINA - DECEMBER 13: Zhou Xiaochuan, governor of the People's Bank of China, the central bank, delivers a speech at the Caijing Annual Conference 2009 on December 13, 2008 in Beijing, China.
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Reuters Pictures
A worker walks on scaffolding at a construction site in Suining, Sichuan province December 8, 2009. China is experiencing a clear V-shaped economic recovery, Zhu Min, vice-governor of the People's Bank of China, was cited as saying on Tuesday. Picture taken December 8, 2009.
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Li Dongrong, assistant governor of the People's Bank of China (PBC), addresses the opening session of the first Kuwait Financial Forum in Kuwait City on November 1, 2009. The forum aims to discuss the impact of the global financial crisis on Arab economies.
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Li Dongrong, assistant governor of the People's Bank of China (PBC), addresses the opening session of the first Kuwait Financial Forum in Kuwait City on November 1, 2009. The forum aims to discuss the impact of the global financial crisis on Arab economies.
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SHENZHEN, CHINA - OCTOBER 30: Zhou Xiaochuan, the governor of the People's Bank of China, gives a speech during the listing ceremony on October 30, 2009 in Shenzhen, south China's Guangdong Province.
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Reuters Pictures
A migrant construction worker walks to carry sand bags into a restaurant under renovation in central Shanghai October 23, 2009.
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AP Photo
From left, Governor of the People's Bank of China Zhou Xiaochuan, Chinese Minister of Finance Xie Xuren, and China's Vice Premier Wang Qishan, speak together as they gather for a meeting with their U.S. counterparts during the U.S.-China Strategic and Economic Dialogue in Washington, M...
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