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China bad-loan disposal no easy task with slowdown

  Bloomberg Tougher economic conditions and overcapacity in the steel, coal and cement sectors are making it harder and less profitable for China’s bad-loan managers to dispose of soured credits, according to a survey. Only 4 percent of 101 respondents at the nation’s distressed asset-management firms said they found it “easy” or “relatively easy” to dispose of bad loans, China ...

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IDB seeks strategic stake in Turkey’s Borsa Istanbul

  Reuters The Islamic Development Bank (IDB) will seek a strategic stake in Turkey’s main stock exchange and collaborate on developing a gold trading platform for use by majority-Muslim countries, part of a broad agreement signed on Thursday. The Saudi-based IDB did not specify a size or timeframe for the acquisition of share capital in Borsa Istanbul, but said in ...

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Tech to tackle overfishing, labour abuse at sea

  BANGKOK / AP Fishing boats used high-tech systems to find vast schools of fish for decades, depleting stocks of some species and leading to the complete collapse of others. Now more than a dozen apps, devices and monitoring systems aimed at tracking unscrupulous vessels and the seafood they catch are being rolled out — high-tech solutions some say could ...

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