8:06 pm October 1, 2014 | No Comment
Prime Minister Narendra Modi’s plan to develop India includes creating toilet access for all 1.2 billion people and opening a bank account for every adult who does not already have one. India’s state-owned lenders are being called on to do both, threatening to erode profits and add expenditures at firms saddled with nonperforming loans.
7:59 pm October 1, 2014 | No Comment
In February, eBay chief executive John Donahoe appeared on Bloomberg Television with a message: Billionaire activist investor Carl Icahn is wrong and PayPal is stronger as part of the online marketplace. On Tuesday, just seven months later, Donahoe announced he had decided to split off PayPal as a separate company from eBay — exactly what Icahn had proposed.
6:35 pm October 1, 2014 | No Comment
Indian central bank Governor Raghuram Rajan warned that near-zero interest rates in developed markets may be distorting asset prices without creating any real gain in economic activity. “We have had ultra-low interest rates for close to six years, and at some point you have dug a hole so deep in terms of asset prices that […]
5:27 pm October 1, 2014 | No Comment
The dollar extended its longest winning streak in more than two years before a report that may show US hiring increased, while platinum slumped to a five-year low. European stocks swung between gains and losses and Greek bonds led advances in higher-yielding government debt.
9:47 am October 1, 2014 | No Comment
Prabowo Subianto’s coalition of seven parties has confounded expectations by holding together after his July election defeat, supported by President Susilo Bambang Yudhoyono’s Democrat party. With a majority in parliament, his lawmakers have passed rules that scrap direct regional elections, weaken the influence of President-elect Joko Widodo’s party and limit the ability of the anti-graft body to pursue legislators.
5:34 pm September 30, 2014 | No Comment
Brian Armstrong and Fred Ehrsam certainly look like the kind of guys who could help bitcoin recover from its wild years.
1:39 pm September 30, 2014 | No Comment
Having prospered through the handover to China, Asia’s financial crisis and the SARS epidemic, Hong Kong’s resilience is being tested again.
1:32 pm September 30, 2014 | No Comment
Apple will sell the new iPhone 6 and iPhone 6 Plus in China next month after agreeing to improve user security and privacy.