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China’s Big 5 Lenders Warn of Property Risks as Margins Shrink

asiafinancial.com China’s big five lenders have revealed shrinking net interest margins (NIM), as they warned of the risks posed by the country’s property sector crisis. Amid a slowing…

China's latest EV is a 'connected' car from smartphone maker Xiaomi

nbcnews.com BEIJING — Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars. The tech company will…

China's latest EV is a 'connected' car from smart phone and electronics maker Xiaomi

apnews.com Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars. The tech company will start taking…

China's latest EV is a 'connected' car from smart appliance maker Xiaomi

aol.com Xiaomi, a well-known maker of smart consumer electronics in China, is joining the country's booming but crowded market for electric cars. The tech company will start taking…

Bocom posts slight rise in profits and points to improving asset quality

scmp.com The year was dedicated to “consolidating our asset quality based on our hard work in the last three years”, said Liu Jun, president of Bocom. “Now, I can only tell you that…

Credit-card points might be entering a new era

aol.com None Visa and Mastercard settled a dispute with US retailers over credit-card swipe fees. • None Banks aren't likely to abandon rewards programs, but they could get less…

Indian bonds are set to be added to global indexes. Here's why it could be a gamechanger

cnbc.com The decision to include Indian government bonds in two prominent global indexes recently is being viewed as a shot in the arm for the rapidly growing country and is expected…

O’Hare revamp turns contentious after going billions over budget

chicagotribune.com Chicago is struggling to advance an $8.5 billion airport upgrade that’s key to bolstering its status as a crucial air hub. The city unveiled the expansion plan for O’Hare…

Column: Bowing to business and the right wing, the SEC issues a pathetically watered-down climate disclosure rule

latimes.com Lake Mead is shrinking, due to a long drought influenced by global warming. The white bands and the islets show where its historical water level has receded. Corporate…

China is investigating the role of Big 4 accountant PwC in $78 billion Evergrande fraud case

fortune.com Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices after the developer was accused of a $78 billion…

The looming office-real-estate crash will be worse than the Global Financial Crisis decline, Fitch says

aol.com None The decline of office values could match or exceed 2008-era depreciation, Fitch Ratings said. • None If office real estate were to recover, it would be a more…

U.S. National Debt Has Increased By Nearly $8.5 Billion Per Day Over The Past Year

benzinga.com The U.S. national debt has reached staggering heights, escalating at a rate that has left economists and citizens alarmed. Over the past year, the debt has increased by…

Hard Rock International Joins World Wildlife Fund to Go Dark for Earth Hour 2024

benzinga.com Hard Rock Cafes, Casinos and Hotels Across the World to Participate in Annual Global Call-to-Action to Conserve Energy to Protect the Planet HOLLYWOOD, Fla., March 20, 2024…

China Vanke secures US$194 million loan from Industrial Bank in brief respite for troubled property developer

scmp.com The loans were secured and guaranteed by units Shanghai Central District Real Estate and Shanghai Vanke Enterprise. Shanghai Central District is fully owned by Shanghai…

DirecTV Gives Subscribers Choice to Cut Local Stations

variety.com Tired of forking over hundreds of dollars for cable channels that aren’t always available? DirecTV may have a solution, albeit a controversial one. The satellite content…

Fitch affirms Kuwait’s AA- rating with stable outlook

arabnews.com RIYADH: Kuwait’s foreign and local currency sovereign credit ratings have been affirmed at AA- with a stable outlook by Fitch Ratings, driven by strong fiscal and external…

US national debt tracker for March 15, 2024: See what American taxpayers (you) owe in real time

foxbusiness.com The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt —…

Xpeng eyes slice of mass-market segment with launch of cheaper models

scmp.com “We will launch a class A compact EV at a price range of between 100,000 yuan and 150,000 yuan, which will come with an advanced driver assistance system, for both the China…

Quebec taps rainy-day funds to ease cost of higher deficits

financialpost.com Quebec is planning to take billions of dollars from its rainy-day funds to reduce borrowing needs after its finance minister released budget documents that anticipate much…

US retail sales up 0.6% in February

apnews.com Americans picked up their spending a bit in February after pulling back the previous month. But last month’s gain was weaker than expected, and January’s decline was revised…

Fed boss: CRE loan losses will trigger ‘bank failures’

creditnews.com The chairman of the Federal Reserve didn’t mince words when asked about the risks facing America’s smaller banks due to their exposure to commercial real estate (CRE).…

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