Pakistan has decided to sell 51% of the shares of Habib Bank to the Geneva-based Aga Khan Fund for Economic Development (AKFED) for about $400m in one of the country’s biggest privatisation deals ever, writes Farhan Bokhari.
Projections on growth for China that envisage a doomsday scenario for the rest of the world are both overblown and flawed.
China’s top banking regulator played Santa Claus to foreign banks weeks before Christmas last year, announcing measures that gave them greater access to the local market.
The government’s rescue of Ashikaga regional bank illustrates that, while Japan’s economic outlook has improved, there are still areas of concern.
After a long-term presence in India, HSBC has surprised everyone by buying into the local banking sector in an apparent strategic shift, writes Kala Rao in Mumbai.
China may have to swallow the unpalatable and seek foreign assistance if it is to remedy its huge non-performing loan problem. Brian Caplen reports.
Criticism is mounting of the IBRA’s restructuring efforts. But any assessment must factor in the volatile environment in which the agencyhad to operate, says Brian Caplen.
The opening up of the mainland will attract foreign investment into the city state and bolster its exports.
Interchange fees for credit card transactions in Australia are to be virtually halved following tough action by the Reserve Bank of Australia (central bank) and the failure of an appeal by Visa, MasterCard and BankCard in the federal court.
Hong Kong property tycoon Vincent Lo talks to Karina Robinson about his strategy for doing business with mainland China.
The heads of the top three banks in Singapore tell Karina Robinson about their strategies for growth – three different routes to overseas expansion.
Despite the liberalisation of China’s banking system, in line with WTO guidelines, foreign banks still face major hurdles in operating profitably, says Louise do Rosario.