Banks and financial institutions in Asia have been facing a number of problems they need to address; they plan to do this through market creation and capacity building. These problems can be felt both on the supply side and the demand side of the industry.At the Asian Bankers Association conference Chairman Lorenzo Tan remarked
Swedish Multinational fashion Retailer H&M (Hennes & Mauritz) have published their third quarter, 2013, financial report. The reported net profit for the third quarter is $690 million (SEK 4.4 billion). The company has achieved 22% growth in this period when compare with their performance in the same period last year. The Asian markets, particularly Japan and China, helped the company to achieve growth.
Being the official currency of China, the renminbi is considered legal tender around the country except in Macau, Hong Kong,…