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Climate protesters kayak to Oz PM’s harbourside home

  Sydney / AFP A group of kayakers paddled to a tiny beach outside the Australian prime minister’s Sydney harbourside home on Saturday to call for action on climate change ahead of next weekend’s election. Protester Joseph Sikulu said he felt that the issue had dropped off the agenda ahead of the July 2 polls in which conservative Prime Minister ...

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PBOC to study Alibaba’s shadow banking activities

  Shanghai / Bloomberg China’s central bank will study shadow banking activities at Alibaba Group Holding Ltd. as it tries to ensure a fair environment exists for competition in the industry, Governor Zhou Xiaochuan said. Alibaba engages in activities that fall under the Financial Stability Board’s definition of shadow banking and are subject to different capital requirements than traditional banks, ...

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Central bankers to confer on recovery plans

  Bloomberg Listen at the doors of two major gatherings of the world’s central bankers in Switzerland and Portugal next week, and one might hear little but the sound of forecasts being shredded. The world’s monetary guardians will gather at the Bank for International Settlements’ annual meeting in Basel over the weekend, and at the European Central Bank’s yearly policy ...

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