In a bid to prevent rash lending commercial banks will be able to reclaim bonuses already paid to executives and suspend future payments if their actions result in big losses, the China Banking Regulatory Commission said. They must also retain at least 40 per cent of bonus payments for three

China is expected to soon issue rules capping bonus payments to bankers, as regulators seek to curb excessive risk -taking and rein in rampant lending, state media said Wednesday. Banks will be required to retain at least 40 per cent of bonus payments for senior managers for a period of

There were no immediate reports of injuries. Police had cordoned off the area after a local newspaper received a warning call. Police cars, ambulances and fire engines have blocked streets in the upmarket central district of Kolonaki, where JP Morgan's Greek offices are situated, a Reuters

AAP Far from signing their own death warrant, newspapers have grown in stature and importance amid an explosion in online news, a report suggests. Mastheads have not been cannibalised by their websites. Instead, they offer complimentary usage throughout the day, making them harmonious

At least two people are dead, CNN reported. Kleen Energy Systems LLC is majority-owned by Energy Investors Funds. The company is constructing a gas-fired, 620 megawatt facility to feed electricity to Connecticut Light & Power under a 15-year power purchase agreement, according to a report by

AAP The Asia-Pacific region is now the biggest passenger market in aviation, the peak industry body says. "In 2009, intra-Asia Pacific travel had eclipsed the number of travellers in North America as the world's largest aviation market," the International Air Transport Association said

Sunday Mirror defense correspondent Rupert Hamer and his photographer Philip Coburn were attached with the U.S. Marine Corps. during a patrol to the north-west of Nawa when the vehicle in which they were travelling struck an improvised explosive device, the ministry said in an e-mailed statement

German unemployment averaged 8.2 per cent of the workforce last year, with a total of 3.42 million unemployed, the Federal Labour Agency said on Tuesday. That represented an increase from the 2008 level of 7.8 per cent, a trend that was also seen month-on-month in Europe's biggest...

A single attacker was responsible for the blast, which also caused an unspecified number of injuries, according to the official, who asked not to be identified. A Pentagon spokeswoman, Lieutenant Colonel Almarah Belk, said the Americans died in an explosion at Forward Operating Base Chapman in...