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Chief financial officers in Asia, excluding those in Japan, are positive about the regional economy but cautious on their view of the world economy according to a recent survey.
Asian Markets | February 22nd, 2012 | Continue reading »
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Australian exporters will have access to trade financing from EFIC and the Export-Import Bank of China, particularly when working with Chinese companies in a third country.
Asian Markets | February 14th, 2012 | Continue reading »
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Four of South Korea’s major commercial banks have reported their 4Q11 results, with all of them either incurring higher credit costs or increasing the sale of their non-performing loans.
Asian Markets | February 13th, 2012 | Continue reading » 
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In a surprise move, the Indonesian central bank yesterday cut its policy rate by 25 basis points to 5.75 per cent from 6.00 per cent.
Asian Markets | February 10th, 2012 | Continue reading »
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Citibank has become the first non-Asian bank to be granted approval to issue credit cards in China after getting the green light from China’s Banking Regulatory Commission.
Asian Markets | February 8th, 2012 | Continue reading »
Americans choke on $1 coin stockpile
The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.
American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to the US government accountability office.
Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.
According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.
Comment: AB+F Blog
Two early for reform celebration: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]
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