China's railway giant flexes muscles abroad

Dec 4, 2014

China's railway giant flexes muscles abroad

It will take more than the abrupt cancellation of a high-speed train deal with Mexico to derail China Railway Construction Corp.’s ambition to become a global force in transport projects and take on the likes of Siemens, Alstom and Bombardier. State-owned CRCC and its ...

Gambling debt cripples Macau 'junket' model

Nov 30, 2014

Gambling debt cripples Macau 'junket' model

Companies that connect China’s wealthy gamblers to Macau’s casinos are waiting as long as a year for gamblers to repay billions of dollars of loans, crippling the business model of an industry that sustains the world’s biggest casino center. These “junket” businesses, which lend ...

Nov 20, 2014

Support builds for ending benefits to former Nazis

Support is growing on Capitol Hill to strip suspected Nazi war criminals of their Social Security benefits. Members of the House Ways and Means and Senate Finance Committees introduced bills Wednesday to close a loophole in the law that allowed former Nazis to receive ...

Students protest education costs in London

Nov 20, 2014

Students protest education costs in London

Police and protesters clashed as several thousand students took to the streets of central London on Wednesday to rally against tuition fees, education cuts and student debt. Riot police tried to push back protesters who stormed the Conservative Party headquarters and tore down metal ...

Nov 20, 2014

London's bankers battle in the boxing ring

Gasping for breath and bleeding from a thick lip, Nick “Suicide” Seto exited the ring. But the pain of defeat would be forgotten the next day when he returned to work at a London bank. “I love winning, so it hurts, but I hope ...

Health woes plague Nepalese organ donors

Nov 17, 2014

Health woes plague Nepalese organ donors

Under crushing financial strain, Kumar Budathoki sold one of his kidneys to organ traffickers for $5,000, a sum he hoped would help set him up for a lifetime free of money problems. Instead, he got a lifetime of health problems — and only a ...

Global banks fined billions for rigging market

Nov 13, 2014

Global banks fined billions for rigging market

Traders with nicknames like the “Three Musketeers” and the “A-Team” plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients — and then congratulating themselves for their brilliance — regulators said Wednesday, as they fined five banks ...