Industry insiders said that Citi had expressed willingness to increase its control in the eight-year-old joint venture in light of the relaxed grip from the central regulators. But the efforts turned out to be a failure.
India wins the Cricket World Cup, and 1,000 geeks in Redmond go wild (9 comments)
Industrial and Commercial Bank of China Ltd, the world's largest lender by assets, reported net profit of 75.8 billion yuan ( billion) in the first quarter, up by 1.5 percent year-on-year, according to the bank's stock exchange filings. It was the bank's strongest quarterly profit growth in two years.
In this desperate situation, new Federal Reserve chairman Paul Volcker, who died recently, sharply raised interest rates, causing what was by far the steepest recession in post-WWII US history. Many businesses failed and unemployment rose steeply. Many people lost their homes because of the incredibly high interest rates, which reached 18 percent on home mortgages. Only very stimulative fiscal policy and large tax cuts saved the country from greater disaster.
Indonesia's deadliest terrorist attack occurred in 2002, when bombs exploded on the tourist island of Bali, killing 202 people in one night, mostly foreigners. Jemaah Islamiyah, the al-Qaida affiliated network responsible for the Bali attacks, was obliterated by a sustained crackdown on extremists by Indonesia's counterterrorism police with support from the United States and Australia.
In the video, three suspects were wearing hoods that partly shielded their faces.
淮安楚州男科疾病早泄
Industry insiders observed that more and more Chinese buyers are actively moving to buy premium auto brands, rather than settling for cheaper cars.
In this Dec 15, 2010 file photo, a view of the entertainment section of a Wal-Mart store is seen in Alexandria, Virginia. [Photo/Agencies]
In two tweets, he once again accused the Seattle tech titan of exploiting the U.S. Postal Service and called for The Washington Post (which Amazon CEO Jeff Bezos owns) to register as a lobbyist.
In this file photo taken on February 22, 2018 Former Brazilian president Luiz Inacio Lula da Silva gestures during the commemoration of the 38th anniversary of the Workers Party (PT) in Sao Paulo, Brazil. [Photo/VCG]