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FILE PHOTO: People walk past the Reserve Bank of India (RBI) head office in...

Bankers sceptical over RBI proposal on bad loans

A proposal by India's central bank to set up new private or state companies that would buy up bad debt from lenders was met with widespread scepticism by bankers on Wednesday, who warned the plan would add more complexity and delay any restructuring.

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Ex-Hong Kong leader jailed in fall from "such a height"

HONG KONG Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law.

Taylor, Boult shine as NZ square South Africa series

Trent Boult took the prized wicket of AB de Villiers then bowled Dwaine Pretorious in the penultimate over as New Zealand secured a series-levelling six-run victory in the second one-day international against South Africa on Wednesday.

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