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New Delhi: A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors – above all state banks trying to recover US$100 billion in bad loans – shouldn't start celebrating just yet.
BEIJING: China's labour protections are coming under fire from high places as economic restructuring pits officials concerned about social stability against a lobby arguing inflexible policies are stifling job creation and suppressing wages.
BEIJING: The following are comments from the policy reports delivered by Chinese Premier Li Keqiang, the finance ministry and the National Development and Reform Commission (NDRC), the country's top economic planner, at the country's annual parliament session.
DAVOS, Switzerland (AP): Regulators from the world's major developed countries have told bankers far and wide in Davos that greater regulation is on the way, a defensive move aimed at avoiding a repeat of last year's financial meltdown that dragged most of the world into recession.