Asian stocks rose this week, with the regional benchmark index capping its 12th week of advance in 13 weeks, as positive economic reports from the U.S. boosted the outlook for the region’s exporters.
Toyota Motor Corp. (7203), Japan’s No. 1 carmaker, climbed 4.7 percent as the yen weakened against the U.S. dollar. Li & Fung Ltd., a supplier of clothes and toys to Wal-Mart Stores Inc., advanced 7.6 percent as U.S. retail sales, consumer confidence and employment reports exceeded economists’ estimates. China Railway Construction Corp. dropped 8.9 percent after a section of a high-speed track it built collapsed in central China’s Hubei province following heavy rains.
Kuwait central bank aims to cut bad loans to 2pc
Kuwait's central bank aims to cut the bad loan ratio among Kuwaiti commercial banks to below 3 per cent of total loans by the end of this year from 3.2 per cent at present, central bank governor Moha
2-day seminar on Islamic finance
The Islamic Corporation for Private Sector Development (ICD), the private sector arm of the Islamic Development Bank (IDB), organized a training seminar dedicated to African banks last October 21- 22