Dim Sum Bond Funds Growing Faster Than Issuance: China Credit
Dim Sum Bond Funds Growing Faster Than Issuance: China Credit
Industrial & Commercial Bank of China Ltd., UBS AG and Hang Seng Bank Ltd. are raising funds to buy yuan bonds sold in Hong Kong, driving yields to 60 percent lower than similar debt in Shanghai.
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Christmas around the world
VATICAN CITY (AP) – Iraqi Christians celebrated a somber Christmas in a Baghdad cathedral stained with dried blood, while Pope Benedict XVI exhorted Chinese Catholics to stay loyal despite restrictions on them in a holiday address laced with worry for the world’s Christian minorities.
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