‘Ghost collateral’ haunts bank loans

The banker at the other end of the phone was furious, recalled Shanghai lawyer Wang Chaoyu. A pile of steel pledged as collateral for a loan of almost $US3 million from his bank, China CITIC, had vanished from a warehouse on the outskirts of the city. ( read original story ...)

Nifty slips from 10k peak, Sensex falters in opening trade

Mumbai: Banking, healthcare and FMCG stocks weighed heavy on markets ... Japan's Nikkei was down 0.36 per cent and Hong Kong's Hang Seng shed 0.01 per cent while Shanghai Composite rose 0.11 per cent. The Dow Jones Industrial Average ended at a record ... ( read original story ...)

Pound Eyes Bank Of England Dissenters via OANDA

Ahead of the Bank of England (BoE) monetary policy announcement (07:00 ... The blue-chip CSI300 index fell -0.9%, while the Shanghai Composite Index lost -0.4%. Note: China July Caixin PMI Services was 51.5 vs. 51.6 prior. In Europe, most bourses have ... ( read original story ...)

Asia Stocks Look Past Russia Probe to U.S. Jobs: Markets Wrap

The Reserve Bank of Australia lowered its forecast for economic growth ... Hong Kong’s Hang Seng Index was little changed, while the Shanghai Composite Index swung between gains and losses. Contracts on the Euro Stoxx 50 fell 0.2 percent as of 7:30 ... ( read original story ...)

Asian Stocks Mixed Ahead Of US Jobs Report

China's Shanghai Composite index fell 10.85 points or 0.33 percent ... ahead of an expected announcement of a joint venture with Toyota Motor. Weakness in the banking sector pulled Australian shares lower after Commonwealth Bank was accused of money ... ( read original story ...)