Bloomberg The Bank of Japan will continue with its unprecedented monetary easing policy for a “couple more years” and it will remain tough for lenders to make money from doling out credit, according to the top executive at Mizuho Financial Group Inc. “Just simple lending business is not so profitable, and this situation will last,” Chief Executive Officer Yasuhiro Sato ...

Bloomberg Strains are spreading in China’s $15 trillion shadow banking industry as investors pull back from the debt-like savings products that helped drive leverage to dangerous levels. Most affected are some $3.8 trillion of so-called trust products, until now the fastest-growing shadow banking segment and a popular way for debt-ridden property developers and local governments to raise funds from millions ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) on Tuesday signed an agreement with Lotte Chemical Titan (LCT), one of the largest polyolefin producers in South East Asia, for the sale of up to one million tonnes per year of naphtha to the Malaysian petrochemicals’ company, over the next three years. The long-term agreement, which builds upon ...