Failure to tackle age-related spending may damage credit ratings: S&P
LONDON (Reuters) – Facing aging populations and ballooning healthcare and pension bills, governments must reform welfare systems or face a deterioration in their credit ratings, Standard & Poor’s said in a report on Thursday.
China weightage slashed in new JPMorgan Asia credit index
HONG KONG (Reuters) – U.S. investment bank JPMorgan has launched a new Asia ex-Japan credit index designed to reduce concentration risk by limiting the amount outstanding that can be included in its benchmark from each of the eligible countries.
Bangladesh Bank officials say to meet NY Fed, SWIFT; seek to recover stolen money
DHAKA (Reuters) – Bangladesh’s central bank chief will meet the head of the Federal Reserve Bank of New York and a senior executive from global financial messaging service SWIFT next week to seek the recovery of about $81 million stolen by hackers, off…
India rejects Apple’s plan to import used iPhones
MUMBAI (Reuters) – India has rejected a plan by Apple Inc to import used iPhones, two telecoms ministry officials said, a blow to the U.S. tech giant that has been seeking to revive waning sales of its flagship smartphones.
Panama Canal expansion exposes U.S. infrastructure, shipper woes
(Reuters) – The $5.2 billion expansion of the Panama Canal was expected to make U.S. East Coast ports more competitive for cargo ships carrying televisions, tennis shoes and other products from Asia.
China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua
SHANGHAI/SINGAPORE (Reuters) – China will invest 77 billion yuan ($11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency reported late on Wednesday, citing the country’s civil aviation regulator.
China’s car buyers seek more room, comfort; boost for ‘minivans’
BEIJING (Reuters) – Even as Chinese car buyers feed a boom in crossovers and sport utility vehicles (SUVs), automakers are looking ahead to the likely ‘next big thing’ and reckon affordable people-carriers, or multi-purpose vehicles (MPVs), could be it…
Australia clears AB Inbev’s $100 billion SABMiller buyout plan
SYDNEY (Reuters) – Australia’s antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA’s planned $100 billion takeover of rival SABMiller Plc, saying the deal would not adversely affect the domestic market.
Slower growth dominates picks at hedge fund conference
NEW YORK (Reuters) – Against a backdrop of slower economic growth, prominent hedge fund managers, including Larry Robbins, Stanley Druckenmiller and David Einhorn, said it will take longer for stocks to rise and laid out best ideas that markets barely …
Judge convicts head of Mitsubishi Motors representative in Brazil
SAO PAULO (Reuters) – The president of MMC Automotores, Mitsubishi Motors’s distributor and assembler in Brazil, was convicted on Wednesday for fomenting corruption and money laundering in a bribery scheme meant to help pass legislation benefiting the …
