Issue: April 02, 2012 (Archive)

Thursday, June 20, 2013

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Net interest margins at banks tipped to narrow
China's central bank will move gradually on interest- rate liberalization and strengthen two-way movements of the yuan, moves that will narrow the net interest margin at lenders.

Foxconn plans to do more in Brazil
Foxconn Technology Group - parent of Foxconn International Holdings (2038) - will keep on increasing worker salaries in China and cutting working hours, chairman Terry Gou Tai-ming said yesterday.

Mainland manufacturers given lift
Assembly lines in China were rolling out products at a fast clip last month, according to official readings of new data.

Top banks poised to hike credit card fees from July
Leading banks will raise interest rates and fees for credit cards from July.

CCB eyes big earners to aid bottom line
China Construction Bank (Asia) is eyeing high-net-worth individuals and will launch a credit card for the segment soon.

Insurer lifts benefits to tap clients
Standard Life (Asia) said the number of mainland clients in its club for privileged members doubled last year. The club offers special benefits including lifestyle and health services.

Policy fears cloud home sales
Secondary property sales slowed at the weekend, as homeowners became more demanding on asking prices and buyers shifted to a more cautious mode in wake of the chief executive election a week ago.

Profit fall flags bigger trouble
Over the past six months, the Dow Jones Industrial Average has gained 23 percent, rising to early 2008 levels.

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