China
The boys from Brazil
The boys from Brazil
As far as cultures go, Singapore and Brazil couldn’t be further apart. But when it comes to business, Singapore’s offshore and marine companies are putting on their samba shoes and learning to tango like it’s Carnivale. And the reason is oil and gas off the coast of Brazil - and lots of it, all of which requires the kind of drill rigs that companies like Keppel and Sembcorp are famous for.
HSBC helps Air China complete ECA-backed aircraft financing
Lender's experience in overseas markets gave it edge to help carrier obtain guarantees from 3 ECAs.
MEC appoints Henderson as Director of Geology
Henderson, who has 38 years of experience in Geology, will take over the place of Mr Frank Witzel, who retired in June.
Don't panic but it sure ain't pretty warns HSBC on China
Analysts say economic numbers and third quarter growth may turn out to be the weakest this year, but it's not as nasty as we think.
Microfinance in China
Providing banking and other financial services to the poor has always presented particular challenges. By definition, people with little or no money lack all but the most basic financial resources and economic influence. Their exclusion from the financial system means they have no credit history and no basis for participating in modern financial transactions. Poverty means they have little if any collateral to underpin lending. In large areas of the world, poor people also live in remote rural regions without access to the infrastructure of modern commerce and communications. This inability to benefit from financial services plays a large part in preventing the poor from making even modest improvements in their lives, and helps to trap them in poverty. More than 1 billion of the world’s population subsist on less than US$1a day.
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