Zhang Guangdi has watched the market value of his Shanghai International Port Group Co. shares jump 130 percent since Aug. 22, when China’s commerce ministry said the government approved a free-trade zone in Shanghai.
Vietnam Shipbuilding Industry Group, the state company whose near-bankruptcy contributed to credit downgrades and banking system concerns, said it will fire 14,000 employees, or more than half of its workforce.
Li Ka-shing, Asia’s richest man, said Hong Kong needs to raise its competitiveness if it wants to avoid losing out to Shanghai, where China is setting up a free trade zone, Radio Television Hong Kong reported.
After Syria and Iran, Mongolia is delivering the world’s worst currency returns this quarter as tumbling international investment and coal revenue starve the country of the foreign exchange needed to fund imports.
The International Monetary Fund is having a hard time making its management ranks more balanced in gender and nationality as an annual report showed the crisis lender falling short of self-imposed diversity targets.
Sandeep Gupta fidgets nervously in a Mumbai clinic while waiting to learn if the white patches and boils that appeared on his elbow a month ago are signs of leprosy -- the disease that disfigured his cousin and maimed millions of people in India and elsewhere for 8,000 years.
Kenya’s economic growth rate is forecast to increase to at least 10 percent in five years as the country invests in infrastructure and industries including farming and manufacturing, Kenyan President Uhuru Kenyatta said.