China: Shadow banking market is creating asset-price bubbles
The headquarters of China's central bank, the People's Bank of China. (Reuters, 23 Jun) - Chinese companies are getting more creative in the business of money lending as they struggle to keep profits ticking over in a cooling economy, raising concerns they are adding to the mountain of debt risks building in the world's...
China stocks enter bear market amid credit fears
Chinese stocks have fallen further amid continued concern over the impact of a credit tightening on its economy. (25 Jun) - The Shanghai Composite SSE index fell 1.2% to 1,936.79 points, entering the bear market territory, often described as a 20% dip from the recent peak. The index has dipped 20% since its high of 2,444.80...
Number Of Hot Spots In Sumatra Increasing
KUALA LUMPUR, June 23 (Bernama) -- The number of hot spots detected in Sumatra via satellite NOAA-18 Saturday rose almost two fold to 118 from 64 on Friday. According to a statement from the Department of Environment (DOE), the Asean Specialised Meteorological Centre (ASMC) in Singapore reported that the haze was becoming thicker...
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