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China: Pushing the envelope in the East China Sea?

  Yuki Tatsumi SPECIAL TO EMIRATES BUSINESS On June 9, a Chinese People’s Liberation Army Navy (PLAN) frigate sailed near Senkaku Island. Although the naval vessel stayed in the contiguous zone, and therefore did not enter Japan’s territorial waters, this is the first time that a PLAN vessel came this close to the Senkakus, which are also claimed by China ...

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India guessing banker Rajan’s future

  AFP Will he stay or will he go? That’s the question gripping India as speculation whirls about the future of central bank chief Raghuram Rajan, dubbed ‘rock star’ and ‘James Bond’. Rajan’s three-year term as Reserve Bank of India (RBI) governor ends in September and the Indian media is abuzz with predictions about whether he will be given a ...

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Anti-trust regulators approve Bradesco to buy HSBC Brazil unit

  Bloomberg Brazil antitrust regulators approved Banco Bradesco SA’s acquisition of the local unit of HSBC Holdings Plc, adding a restriction that the buyer refrain from additional purchases for 30 months. Bradesco will also have to improve quality control, invest in worker training and disclose to its clients the local law that allows customers to switch banks, Cade, the antitrust ...

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