Romit Jain

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HSBC to exit broking business in India; 300 jobs to be cut

London-based financial giant HSBC said on Thursday it will exit its retail broking business in India, the latest global bank to scale back operations …

India, China Top List Of Nations With Most Slaves

Nearly 30 million people live in slavery worldwide, with most of them in Asia and Africa, according to a report released Thursday.<p>The Walk Free Foundation's ranking incorporates factors that include the traditional definition of slavery — owning another person — as well as things such as child …

BlackBerry bid will be financed, Fairfax's Watsa says

After the struggling smartphone maker threw in the towel and announced its plans to go private, the man behind the buyout proposal, Prem Watsa, says he's confident the deal will succeed.<p>The man behind the consortium offering to buy out BlackBerry and take it private offered some insight into the …

Business (Canada)

What Investors Really Think About China's 'Ghost Cities'

The Chinese housing bubble. It’s on every investors mind. We’ve all heard of the new developments in China, entire cities built to look like mini-Paris downtowns in some cases, complete with Eiffel Tower replica with one stark difference: they’re mostly empty.<p>What do investors think about these …

China's Newest Innovation: Live Crab Vending Machines

The crustaceans even come with crab vinegar and ginger tea.

Dollar up on strong China outlook

At 12pm AEST today, the local unit was trading at 92.93 US cents, up from 92.50 cents yesterday.<p>Earlier today, the local currency reached a three …

Finally, the Indian government agrees to leave the central bank alone

In India, the central bank is widely considered one of the country’s best-run institutions, balancing the financial interests of both rich industrialists and the 826 million citizens living on less than $2 a day. Considering the political pressures it faces, it’s a wonder the bank functions at all. …

Central Banks