Financial Services
China’s Alibaba to pass Amazon, eBay in transaction value – exec
HANGZHOU, China, Sept 8 (Reuters) – China’s largest
e-commerce firm, Alibaba Group,
expects to sell merchandise this year worth more than that sold
by Amazon Inc and eBay combined, Alibaba’s
chief…
China re-launches ABS programme for first time since crisis
SHANGHAI, Sept 8 (Reuters) – China has re-launched a
programme to develop asset-backed securities (ABS) interrupted
by the global financial crisis as the government tries to shore
up its banking…
UPDATE 2-White House to release spending cuts report next week
ABOARD AIR FORCE ONE, Sept 7 (Reuters) – The Obama
administration plans to deliver a report to Congress late next
week that details spending cuts that will be required if
congressional leaders fail…
