Apr 1, 2014

Banks see economy withstanding sales tax increase

The economy will probably withstand the consumption tax increase that took effect Tuesday as Prime Minister Shinzo Abe prepares stimulus measures and companies raise wages, the new head of the bank lobby said. Abe remains on track to achieve his goal of ending deflation ...

Jan 7, 2014

China to give as many as five privately funded banks a chance

China will allow a batch of three to five banks funded by private investment this year to operate under a trial as part of the country’s financial reforms, according to the China Banking Regulatory Commission. China will guide private investment to participate in the ...