The economy of isolated North Korea grew for the first time in three years in 2019 as better weather conditions boosted crop yields, but sanctions imposed to stop its nuclear ambitions kept factory ... ( read original story ...)
Saudi Stock Exchange (Tadawul) Launches New Derivatives Market and Clearinghouse Leveraging Nasdaq Market Technology
Endeavor will further support the growth of the Saudi capital marketRIYADH, Saudi Arabia and STOCKHOLM, Sweden, Aug. 30, 2020 (GLOBE NEWSWIRE) -- The Saudi Stock Exchange (Tadawul) announced today it ... ( read original story ...)
Examining the numbers behind Indonesia’s biggest edtech startup
With its latest funding, Ruangguru can survive for more than two years before running out of cash considering its current burn rate. ( read original story ...)
India’s Finance Minister to Review Loan Revamp Plan With Lenders
India’s Finance Minister Nirmala Sitharaman will meet commercial banks and shadow lenders on Thursday to review implementation of loan restructuring programs following Covid-19 related stress. The ... ( read original story ...)
China Construction Bank posts worst earnings in more than a decade on bad loan surge
The world’s second-largest lender by assets produces its worst half-year earnings in more than a decade amid a surge in non-performing loans as the coronavirus pandemic ravages businesses. ( read original story ...)
Bad Debt Wave Drags China’s Big Banks to Their Worst Profit Drop
China’s biggest banks posted their worst profit declines in more than a decade as bad debt ballooned and the government called on them to help backstop the slumping economy, putting pressure on plans ... ( read original story ...)
China’s Big Banks Brace for Lagging COVID-19 Risks as Bad Loans Rise
All five reported their biggest profit falls in at least a decade and an increase in soured loans when announcing their half-year results on Sunday and last week. The results highlight the impact of ... ( read original story ...)
China Construction Bank Profit Drops 11% on Bad Loan Surge
China Construction Bank Corp., the world’s second-largest lender by assets, reported its worst earnings in more than a decade as a cascade of loans to businesses across China are going bad.Net income ... ( read original story ...)
China’s Big Banks Post Worst Profit Slump on Bad Debt Wave
China’s biggest banks are suffering their worst profit decline in more than a decade as a cascade of loans to businesses across China are going bad. Reporting their first-half earnings on Sunday, ... ( read original story ...)
Ping An Insurance sees Hong Kong as pivotal base for expansion in Greater Bay Area, co-CEO says
China's largest insurer by market value, will consolidate its local operations under one roof and keep its sight on Greater Bay Area growth potential, according to co-chief executive Jessica Tan ... ( read original story ...)