Lack of a cheaper iPhones or tie-up with China Mobile lead banks to downgrade the shares over concerns for sales growth in fast-growing economies
2013-09-11
Li Keqiang vows to liberalise interest rates, make the renminbi freely convertible and open up state-dominated financial sector
2013-09-11
Five years after the collapse of Lehman Brothers, the world still needs a systemic approach to deal with systemic risks and system failures. Unfortunately, there may be little hope of strengthening global financial governance as long as implementation …
2013-09-11
Beijing pushes state-owned defence contractors towards private sector as China Shipbuilding plans to raise $1.4bn to buy production facilities
2013-09-11
Indian cricket fans are manic-depressive in their treatment of their favorite teams. Such bipolar behavior seems to apply to assessments of India’s economy as well, with foreign analysts participating in swings between over-exuberance and self-flagellation.
2013-09-11
China's National Bureau of Statistics announced that the total retail sales of consumer goods in August reached RMB1,889 billion, up 13.4% year-on-year. From January to August, the total retail sales of consumer goods reached RMB14,816 billion, up 12.8% year-on-year. From January to August, the private investment in fixed assets reached RMB16,696 billion, a year-on-year increase […]
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2013-09-11
A US attack on Syria would unleash major unintended consequences, potentially including the creation of a haven for extremists stretching across northern Syria and into the Sunni areas of Iraq. Indeed, an attack would most likely increase America’s reliance on unsavory Islamist rulers throughout the wider Middle East.