China may raise rates when CPI above 2.25 percent: adviser
SHANGHAI (Reuters) – China might increase interest rates once consumer inflation exceeds the one-year benchmark deposit rate of 2.25 percent, a prominent government adviser said on Monday.
Korea banks’ bad-loan ratio falls on write-downs
(ChinaPost.com.tw) – South Korean banks’ bad-loan ratio dropped to 1.22 percent of total lending at the end of December as they reduced the amount of non-performing loans through sales and write-downs.
Japan’s listed firms seeing rising profits
(ChinaPost.com.tw) – Japan’s listed companies saw their profits rise 14 percent in the October-December period for a third straight quarter-on-quarter gain, a newspaper survey showed yesterday.
Australia pensions facing shortfall ‘disaster’
(ChinaPost.com.tw) – Australia needs to increase mandatory pension contributions to 12 percent of earnings from 9 percent to ensure adequate retirement incomes, according to a finance industry study.
Philippines growth not enough under Arroyo
(ChinaPost.com.tw) – Filipinos have mostly not benefited from the country’s economic growth — equal to about five percent annually — during President Gloria Arroyo’s seven-year term, a top official admitted yesterday.
John Brooks’ ‘Once in Golconda’ Should Be More Specific
Colin Peterson submits: "In April the Dow Jones industrials touched a point 50 percent above the November low; no one could know that it was a point they would not touch again until 1954."That’s a quote from Once in Golconda: A True Drama…
Real GDP Growth Rate Increases in Q4: What About Unemployment?
Brad DeLong submits: From the Bureau of Economic Analysis: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 5.7 percent in the fourth quar…
BGR Energys profit jumps 54 percent
City-based power sector engineering, procurement and construction company BGR Energy Systems Ltd has announced a 54 percent jump in net profit for the third quarter of 2009-10 ended Dec 31 and a 34 percent growth in turnover over the comparable period …
Syndicate Bank net plunges 42 percent in Q3
State-run Syndicate Bank reported net profit of Rs.206 crore for the third quarter of fiscal 2009-10 against Rs.356 crore in the same period last year, a dip of 42 percent over the last 12 months.
Poland to launch Enea bookbuilding Thursday
WARSAW (Reuters) – Poland will hold the bookbuidling process for the sale of a 16-percent stake in Enea between Feb 4 and Feb 9, according to documents sent out to selected institutional investors released by the company on Saturday.