GLG News by IFRS Accounting Specialists

China investors move from food production to property development and share market. Reduce money supply in the financial system by increase interest rate, forming national trust fund and promote health insurance. Give incentive to food production and limit the property development in farm area....

Industrial Bank take more caution way to rise funding by issued bond. Industrial Bank increase branches by acquisition of small bank and joint venture with foreign bank. China will approve Industrial Bank's bond to prevent overheat of the share market. The prudence way of operation make Industrial Bank...

Convergence  of  accounting  standards  is  entering a new phase  with  the  SEC  having issued  a  paper  with  72 questions asking for responses on the  effects of  the  convergence process. The convergence questionnaire...

The Fed  has  finally  started  acting. One key  rate has been cut. This would hopefully help revive  the  American mortgage market - but more  important - help revive that brittle commodity called market confidence. In this analysis I look  at  the ...

Quant funds same with LBO which both needs high leverage credit to support. Targeted companies tend to window dressing their accounts to attract high price take over. LBO not involve real money but instead of obtain credit from banking system will dry out the liquidity of the system.

The  referred  article appears  to  be  a  summary  of  Federal  Reserve  policy  and  briefings  and  virtually  agrees  ipso-facto  with  everything  that  the  Fed  says  including ...

The referred  article  speaks  of  the  failures  of  outsourcing, how companies have had to  pay  penalties for  non-compliance  with  statutory requirements  and  why they still  want  to  continue outsourcing. In...

Global  markets  and  financial  institutions  have  been  hit  by  a  hurricane. The  Fed  in  its  statements  this  year  has  taken  the  stand  that  there  is  no  major ...

Industrial & Commercial Bank of China Ltd., the fourth biggest company. without international funds, Chinese savings equal to $1,692  per person dump into share market. China government cut tax and increase trading charges to slow down the market. the demand for loans push the industrial and...

Agricultural Bank of China, rise tremendously in operating profit and and operating income  in 1st half of 2007. Agricultural Bank of China increase loan to reduce bad loan ratio  for seek a bailout by the government. China's government push banks to slow the credit in...