In Focus

India squeezes liquidity to defend weakening rupee

Reserve Bank of India issues slew of policy directives.

China abolishes banks’ floor lending rates

Critics say move not a breakthrough in rate liberalization.

Renminbi-denominated deposits in Taiwan fall in June

First monthly drop since OBU scheme began July 2011.

China is revamping troubled financial sector

Ten guidelines support transition to consumer-driven economy.

China to tame shadow banking using more policy tools

A liquidity squeeze is only one of these tools.

Mizuho will boost overseas lending by 50%

Aims at Latin America and emerging Asia.

Japanese bank lending jumps to highest level in four years

Outstanding loans rise 1.9% in June year-on-year.

HSBC exiting retail banking in South Korea

The planned shutdown will eliminate 230 jobs.

The US$1.6t global Islamic finance industry growing at a third of its potential

Absence of sukuk tax legislation in non-Muslim nations to blame.