Bamboo Innovator

China’s local government debt seen at $3 trillion as of end 2012: think tank

China’s local government debt seen at $3 trillion as of end 2012: think tank

12:47am EST

BEIJING (Reuters) – China’s total local government debt may have reached 19.9 trillion yuan ($3.28 trillion) by the end of 2012, almost double that of two years previously, a media report said on Monday, citing a private study by a government think tank. Read more of this post

China wants more party bosses reprimanded for ignoring graft

China wants more party bosses reprimanded for ignoring graft

12:27am EST

BEIJING (Reuters) – China’s ruling Communist Party would like to see more party bosses held accountable for allowing corruption to happen on their watch, something that rarely happens now, a senior official told a newspaper on Monday. Read more of this post

Some 14 years since it adopted its unique knowledge-oriented management, retail giant E-Land is seeing the positive results of its efforts, overcoming the sluggish domestic economy by increasing global sales

2013-12-22 18:13

E-Land expands global portfolios

By Park Ji-won

Some 14 years since it adopted its unique knowledge-oriented management, retail giant E-Land is seeing the positive results of its efforts, overcoming the sluggish domestic economy by increasing global sales. Read more of this post

Russia ’98 Crisis Haunts Deutsche Bank’s Smith Seeing China Bust

Russia ’98 Crisis Haunts Deutsche Bank’s Smith Seeing China Bust

China’s push to open up its economy is winning praise from Goldman Sachs Group Inc. to Morgan Stanley and Jefferies Group LLC, which predicted last month a “massive” multiyear bull run for stocks. Read more of this post

Apple: The Great Call of China; A Long-Anticipated Deal With China Mobile Is Finally Here—but the Stock Seems to Have Priced Much of It in Already

Apple: The Great Call of China

A Long-Anticipated Deal With China Mobile Is Finally Here—but the Stock Seems to Have Priced Much of It in Already

DAN GALLAGHER

Dec. 5, 2013 2:41 p.m. ET

Many a market rally has been built on the strength of one word: China. But as AppleAAPL +0.51% strikes a deal with that country’s—and the world’s—largest wireless carrier by subscribers, investors should be wary of overplaying it. Read more of this post

What are investors’ best bets for 2014? World’s leading money managers weigh in.

What are investors’ best bets for 2014? World’s leading money managers weigh in.

Sunday, December 22, 6:30 AM

Following the Standard & Poor’s 500-stock index’s record high in November, will stocks continue their ascent amid what is likely to be lackluster global expansion in 2014? In September, the Federal Reserve’s unexpected delay in tapering its stimulus program whipsawed debt markets. Last week it announced it would begin tapering. Where should bond investors go for returns? Read more of this post

Hyundai Group folds financial business; to Raise at Least 3.3 Trillion Won Selling Assets

Hyundai Group to Raise at Least 3.3 Trillion Won Selling Assets

Hyundai Group, owner of South Korea’s second-largest shipping company, plans to sell assets including financial units and a hotel for at least 3.3 trillion won ($3.1 billion) to boost cash. Read more of this post

An exercise in prolonging a banking credit crunch

December 22, 2013 6:36 pm

An exercise in prolonging a banking credit crunch

By Wolfgang Münchau

The lousy agreement on banking union will produce the financial sector equivalent of austerity

The agreement on a eurozone banking union is neither a glass half full, nor half empty. As many commentators are saying, last week’s deal is hideously complex, and a common resolution mechanism without a fiscal backstop for failed banks is pointless. Read more of this post

Banks Mostly Avoid Providing Bitcoin Services

Banks Mostly Avoid Providing Bitcoin Services

Lenders Don’t Share Investors’ Enthusiasm for the Virtual-Currency Craze

ROBIN SIDEL

Dec. 22, 2013 4:32 p.m. ET

Companies trying to cash in on the newfangled bitcoin craze are having trouble getting old-fashioned bank accounts. Lenders are leery of dealing with virtual-currency companies because of concerns that the businesses could run afoul of anti-money-laundering laws or be involved in illegal activities, banking executives say. Regulators and central bankers around the world have raised similar concerns in recent months. Read more of this post

Why Market Forecasts Are So Bad; Analysts’ predictions are frequently less accurate than random guesses.

Why Market Forecasts Are So Bad

Analysts’ predictions are frequently less accurate than random guesses.

JOE LIGHT

Dec. 20, 2013 7:15 p.m. ET

The oracles known as Wall Street strategists have spoken: The S&P 500 will rise 6.4% by the end of next year. But the evidence shows you’d do just as well guessing yourself. Read more of this post

Turkey Will Either Lose Erdogan or Democracy

Turkey Will Either Lose Erdogan or Democracy

There are two reasons Turkish Prime Minister Recep Tayyip Erdogan may not survive the current government corruption scandals in Turkey. And if he does, the cost to the “Turkish model” will be enormous. Read more of this post

Philippine Stocks First to Worst as Funds Sell: Southeast Asia

Philippine Stocks First to Worst as Funds Sell: Southeast Asia

A 21 percent slump in Philippine stocks that’s turned them from the world’s best performers into the biggest losers isn’t enough to lure back Macquarie Investment Management Ltd. and Bank Julius Baer & Co. Read more of this post

India’s New Corruption Watchdog Still Needs Watching

India’s New Watchdog Still Needs Watching

A half-century after the idea was first raised, India finally has its “Lokpal,” or “protector” in Hindi. The term refers to the anti-corruption watchdog body, approved by Parliament last week, whose Herculean task it will be to root out public corruption that saps billions of dollars from the exchequer, extorts bribes from ordinary citizens when they need anything from a land-use permit to a driver’s license, and has almost obliterated Indians’ faith in their once-proud democracy. Read more of this post

Taxing time for corporates in India

December 22, 2013 7:43 am

Taxing time for corporates in India

By James Crabtree in Mumbai

Two weeks ago in Helsinki, Nokia executives waited nervously for word from a courtroom halfway around the world in New Delhi. At stake was their ability to transfer a large Indian factory to Microsoft, as part of the sale of Nokia’s €5.4bn phone business to the US group – a move that led to a fierce tax battle, involving dawn raids, frozen assets, and claims adding up to $1.1bn. Read more of this post

Japan store chain Lawson scales back expansion plans in China

December 22, 2013 1:11 pm

Japan store chain Lawson scales back expansion plans in China

By Demetri Sevastopulo in Hong Kong

Lawson, the Japanese convenience store chain, is slowing its expansion in China because it thinks the Chinese government has not done enough to spur consumption in the world’s second-largest economy. Takeshi Niinami, Lawson’s chief executive, told the Financial Times that Lawson had decided to push back its plan to open 10,000 stores in China by 2020 to about 2025. It currently has 384 stores in the country. Read more of this post

Retailers are struggling to find the right formula for the demanding baby-boomer market

December 22, 2013 8:11 pm

Fashion: A mature market

By Andrea Felsted and Norma Cohen

Retailers are struggling to find the right formula for the demanding baby-boomer market

Alison Wells, a professional singer and teacher from east London, says clothes shopping – once a delight for her – has become a chore. A trim 5ft 8in, and a size 10, Ms Wells ought to be a model fashion customer. But she is not. At 57, the task of finding clothing that is both fashionable and age-appropriate is frustrating. Read more of this post

Chicken Sales Plummet in China, Hong Kong After Bird Flu Returns

Chicken Sales Plummet in China, Hong Kong After Bird Flu Returns

Tyler Durden on 12/22/2013 21:23 -0500

The last time China’s birdflu epidemic dominated the ether, and internet, was in April, when news of numerous casualties led many to believe that the epidemic was on the verge of breaching all local containment measures. And then, suddenly, all media coverage of China’s H7N9 story disappeared as if by Department of Truth (and propaganda) magic. Naturally, the quick popular response was to assume that all was again well since the government no longer made it a notable topic – just like the Japanese government did with Fukushima. However, as in the case of Fukushima, it turns out all may not have been well. As Japan’s NHK reports, H7N9 bird flu strain is once again spreading in southern China, claiming the 148th victim of the vicious flu virus. Or perhaps instead of “once again” it was simply “constantly.” Read more of this post

An Obscure Melon Could Save The US Soda Industry

An Obscure Melon Could Save The US Soda Industry

MARINA LOPES, REUTERS
DEC. 22, 2013, 3:50 PM 4,320 1

NEW YORK (Reuters) – An obscure melon once cultivated by Buddhist monks in China to sweeten tea could give the $8 billion U.S. diet soda industry a shot at winning back consumers concerned about artificial ingredients. Read more of this post

Thai Businessman of the Year: Tos Chirathivat boldly leading Central retail chain overseas

BUSINESSMAN OF THE YEAR

Tos Chirathivat boldly leading central retail chain overseas

The Nation
December 23, 2013 1:00 am

The Chirathivat family has continued to strengthen its retail empire ever since the first Central store opened in 1957, but overseas expansion has become remarkable only recently thanks to the vision of Tos Chirathivat from the clan’s third generation. Read more of this post

Samsung Life Insurance bought a chunk of Samsung Card from a host of the group’s other finance-related subsidiaries in what analysts see as a signal that Samsung is restructuring itself

Samsung group moves suggest a restructuring

Dec 16,2013

Samsung Life Insurance bought a chunk of Samsung Card from a host of the group’s other finance-related subsidiaries in what analysts see as a signal that Samsung is restructuring itself.  Read more of this post