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RBI sees corporate governance ‘fault lines’ at some lenders

December 24, 2019 by cbn Leave a Comment

RBI sees corporate governance ‘fault lines’ at some lenders

Growing problems of corporate governance are emerging at India’s private banks and all lenders are at risk of rising default rates even though asset quality has improved overall, the Reserve Bank of India said on Tuesday.

Filed Under: Financial Planning

Former China Sinochem VP sentenced to 11-1/2 years prison for graft

December 24, 2019 by cbn Leave a Comment

Former China Sinochem VP sentenced to 11-1/2 years prison for graft

SINGAPORE (Reuters) – A former senior executive at China’s state-run Sinochem Group was sentenced on Tuesday to 11-and-a-half years in prison for taking bribes, a court in eastern Shandong province said. Du Keping, a vice president at the chemicals and oil firm until April 2017, was found guilty of taking 12.66 million yuan ($1.8 million) […]

Filed Under: Financial Planning

Climate activists look for a tougher BlackRock in 2020

December 23, 2019 by cbn Leave a Comment

Climate activists look for a tougher BlackRock in 2020

Pressure on BlackRock Inc’s record on climate issues may be having an effect as the world’s largest asset manager weighs firming up its interactions with portfolio companies.

Filed Under: Financial Planning

Credit Suisse admits surveillance of second executive

December 23, 2019 by cbn Leave a Comment

Credit Suisse admits surveillance of second executive

Credit Suisse on Monday admitted it was behind instructions to carry out surveillance on a second executive, after dismissing a previous similar incident as an “isolated event”.

Filed Under: Financial Planning

Credit Suisse admits surveillance of second executive

December 23, 2019 by cbn Leave a Comment

Credit Suisse admits surveillance of second executive

Credit Suisse on Monday admitted it was behind instructions to carry out surveillance on a second executive, after dismissing a previous similar incident as an “isolated event”.

Filed Under: Financial Planning

Trump says trade deal with China to be signed ‘very shortly’

December 22, 2019 by cbn Leave a Comment

Trump says trade deal with China to be signed ‘very shortly’

President Donald Trump on Saturday said the United States and China would “very shortly” sign their so-called Phase One trade pact.

Filed Under: Financial Planning

European liquor off the menu in Indonesia as trade row escalates

December 22, 2019 by cbn Leave a Comment

European liquor off the menu in Indonesia as trade row escalates

What started as a spat with the European Union over Indonesian palm oil has escalated into a far broader trade dispute with imported European spirits and now dairy products caught in the crossfire.  

Filed Under: Financial Planning

Nord stream 2 aims to finish gas pipeline to Europe as soon as possible

December 21, 2019 by cbn Leave a Comment

Nord stream 2 aims to finish gas pipeline to Europe as soon as possible

The consortium behind Nord Stream 2 will build the gas pipeline that aims to boost Russian gas exports to Europe as soon as possible despite U.S. sanctions, the group said on Saturday.

Filed Under: Financial Planning

Commercial pig farm in China jams drone signal to combat swine fever crooks

December 20, 2019 by cbn Leave a Comment

Commercial pig farm in China jams drone signal to combat swine fever crooks

One of China’s biggest animal feed producers said it had used

Filed Under: Financial Planning

Exclusive: Pentagon to stockpile rare earth magnets for missiles, fighter jets

December 20, 2019 by cbn Leave a Comment

Exclusive: Pentagon to stockpile rare earth magnets for missiles, fighter jets

The U.S. military plans to stockpile rare earth magnets used in Javelin missiles and F-35 fighter jets, according to a government document seen by Reuters, a step that critics say does little to help create a domestic industry to build specialized magnets now made almost exclusively in Asia.

Filed Under: Financial Planning

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