Bloomberg View: HSBC should leave London – without delay
In retrospect, says William Pesek, HSBC’s decision in 1993 to abandon Hong Kong for London’s Canary Wharf was one of modern history’s worst business moves.
Xi Jinping
Over 1200 killed in 7.8 magnitude earthquake
A massive earthquake killed more than 1,200 people Saturday as it tore through large parts of Nepal
Sharkskin-lined assault wagon becomes latest must-have toy for China’s rich
Enter the Prombron Black Shark, a bespoke luxury vehicle from Latvia’s Dartz Motorz Co that in addition to being armoured, offers a sharkskin-lined interior
New Asian Bank to be initiated by China and 20 other countries
Twenty-one Asian nations signed on to a China-driven initiative Friday to create a new international bank for Asia that Washington opposes as an unnecessary and potentially damaging rival to established institutions such as the World Bank.
Sasha Naryshkine: Viva Capitalism – benefits of true economic freedom
In case you had any doubt with regards to economic policies and the will of ordinary people, ask yourself, which direction do the boats with illegal immigrants go, from Cuba to the USA, or the USA to Cuba?
BRICS set up bank to counter Western hold on global finances
By Alonso Soto and Anthony Boadle FORTALEZA Brazil (Reuters) – Leaders of the BRICS emerging market nations launched a $100 billion development bank and a currency reserve pool on Tuesday in their first concrete step toward reshaping the Western-dominated international financial system. The bank aimed at funding infrastructure projects in developing nations will be based in Shanghai, … Read more
Shanghai most likely headquarters for BRICS development bank
By Frank Jack Daniel NEW DELHI (Reuters) – Shanghai looks set to become the headquarters of a development bank being launched by the BRICS emerging market nations, despite fears by some members of the group that China could hijack the bank to serve its interests. Brazil, China, India, Russia and South Africa are due to sign off on the new institution on Tuesday, along with … Read more
China signs deals with Ethiopia as Premier starts Africa tour
By Aaron Maasho ADDIS ABABA (Reuters) – China signed a raft of agreements with Ethiopia on Sunday as Premier Li Keqiang arrived for the first leg of his four-nation Africa tour aimed at shoring up burgeoning Sino-Africa ties that saw their trade top $200 billion last year. This is Li’s first visit to Africa since he became premier last year, and follows a trip to the continent … Read more