Asian banks have “small or negligible” liabilities in debt-stricken European countries, according to Citigroup Inc analysts led by Simon Ho. “Whilst detailed figures/disclosures are not available in most markets, we believe direct exposures to Portugal, Ireland, Italy, Greece and Spain are small or negligible for Asian banks,” Ho wrote in a report dated April 28. [...]
Apr 30 2010 | Posted in
Banking-Finance |
Read More »
Asia’s economic recovery that’s outpacing the rest of the world is attracting capital inflows that may cause the region to overheat and lead to the formation of asset bubbles, the International Monetary Fund said. Expectations of Asian exchange-rate appreciation may be boosting carry trade flows, where investors borrow cheaply in one currency and use the [...]
Apr 30 2010 | Posted in
Banking-Finance |
Read More »
Asian currencies and metals gained and the cost to insure against bond losses declined as the Federal Reserve pledged to keep US interest rates low. The euro trimmed yesterday’s gains as concern Europe’s deficit crisis is widening damped demand for the region’s assets. South Korea’s won rose 0.3 percent to 1,115.30 per dollar and the [...]
Apr 30 2010 | Posted in
Banking-Finance |
Read More »
Three of the largest accounting firms take a loss of 96 billion dong. The news has shocked auditors and people. Questions have been raised about the reasons behind the big loss and about the auditing quality. The auditing industry can be divided into three segments. The main clients of international accounting firms are multi-national groups [...]
Apr 29 2010 | Posted in
Banking-Finance |
Read More »
The Viet Nam Aircraft Leasing Joint Stock Company (VALC) recently received an ATR72-500 aircraft as agreed in a contract signed between it and French Avion de Transport Regional (ATR). The aircraft is the first of five 72-500 aircraft to be delivered by ATR. VALC transferred the aircraft to the Vietnam Airlines, following a previously signed [...]
Apr 29 2010 | Posted in
Aviation |
Read More »
The VinaCapital Group’s Viet Nam Opportunity Fund will invest US$15 million in construction materials manufacturer Prime Group, under a strategic alliance agreement signed yesterday, April 28. “Prime wants to maintain its leading position in the construction materials sector, and we need a strong and capable strategic investor to realise our slogan ’Prosperity is Prime’,” said [...]
Apr 29 2010 | Posted in
Construction |
Read More »
Subscribe via Email 
Subscribe in a Reader 
Follow us on Twitter 
Connect on Facebook
China Business News