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Jun 12, 2014

China Commodity Loans Add to Surge in Offshore Borrowing

The commodity-backed loans at the center of a probe into an alleged financial scam at a Chinese port are part of a ramp-up in offshore borrowing by Chinese companies that Beijing is looking to tamp down... #China #Beijing

Jun 11, 2014

Lenders Fear Spread of Chinese Commodities Fraud Case

The authorities are investigating loans based on collateral of metals at a Chinese port, with implications for Western banks and the Chinese credit market... #China #Beijing

Jul 04, 2014

Business news in brief

Express Scripts cuts custom-Rx coverage WASHINGTON -- The nation's largest pharmacy-benefit manager, Express Scripts, is dramatically scaling back its coverage of compounded medications, saying most of the custom-mixed formulas are ineffective or ove... #Express Scripts, Inc. #Libya #Freddie Mac #Federal Reserve