China’s banks are bursting with dollars, and that’s a worry
Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China’s banks leapt above $1 trillion for the first time in April….
The Japan Times
Dollar weakens to around ¥109.70 in Tokyo
The dollar eased to around ¥109.70 in Tokyo on Monday, weighed on by a stock fall and selling on real demand. At 5 p.m., the dollar stood at ¥109.72, down
Tokyo stocks turn lower on profit-taking
Tokyo stocks fell back Monday, hit by broad-based profit-taking selling.The 225-issue Nikkei average of the Tokyo Stock Exchange dropped 289.33 points, or 0.99%,…
Hong Kong’s old boys club is living on borrowed time
Blame Hong Kong’s clubby world of family-controlled and male-dominated businesses. Close to a third of the city’s 2,500-odd listed companies had no women on the…