Former Popes John Paul II and John XXIII were declared saints in an unprecedented double- canonization ceremony that drew about 800,000 pilgrims from around the world.
Following is a table of credit market index data:
The People’s Bank of China set a money-supply growth target of about 16 percent in 2011, to help slow credit growth as it sees growing risks from inflation.
Vietnam and its state-backed companies will face greater difficulties borrowing money after reports Vietnam Shipbuilding Industry Group defaulted on a loan, according to Moody’s Investors Service.
Rules governing credit-default swaps in China are too narrow, hindering their growth at a time when the corporate bond market is expanding 45 percent, according to bankers.
China’s efforts to stem inflation by curbing access to loans are driving companies to borrow record amounts in commercial paper, even as interest costs more than doubled in 2010.
International Finance Corp., the World Bank’s private investment arm, plans to set up a yuan- denominated bond program in Hong Kong, according to an e-mailed statement today.
Ind-Barath Power Madras Ltd., an Indian electricity producer, signed 26.6 billion rupees ($588 million) of loans, according to data compiled by Bloomberg.
The International Air Transport Association sees the rise of China prompting the largest overhaul of the global air transport industry since 1947, the South China Morning Post reported, citing Giovanni Bisignani, the group’s director general.