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Japan’s currency move needs wariness

  Japan’s plan to tame bullish Yen to sensitise its exports has drawn criticism from G7 ministers’ meeting, which brought together finance ministers and central bank governors from Britain, Canada, Italy, France, Germany, Japan and the US, plus leaders from the International Monetary Fund, World Bank and European Union. Tokyo’s repeated threats to intervene in forex markets to reverse a ...

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China’s on-again, off-again P2P lending

Sara Hsu SPECIAL TO EMIRATES BUSINESS China’s peer-to-peer (P2P) lending sector has witnessed expansion in recent years, despite periodic clampdowns on excessive risk. This has led to on-again, off-again surges in activity in this shadow banking sector. In some cases, criminal activity has highlighted the perils of borrowing or lending through this industry, but the loan availability for borrowers and ...

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As Obama heads to Vietnam, he must keep human rights in mind

Vu Minh Khanh was in Washington last week to address a congressional hearing. As the wife of the respected Vietnamese human rights lawyer Nguyen Van Dai, she vividly recalled her husband’s ordeal. He has been missing ever since he was arrested last December. She knows he is in police custody but is unaware of his whereabouts and fears for his ...

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