China is Investing Billions in Renewable Energy One firm has already built China’s largest wind turbine manufacturing factory. And it’s working with the Chinese Science Academy to develop new wind, solar, and geothermal technologies… for which it will own 70% of the rights. But this company’s business reaches far beyond the Chinese border, with operations in Southeast Asia, the Middle East, Africa and Eastern Europe. It’s first quarter net income increased by 294% over a year ago. Click here for the full report.

The financial services industry in the United States and Europe is still reeling from the financial crisis, shedding tens of thousands of jobs each month – even a year after the crisis hit its apex.

However, recent evidence suggests that the financial services industry in Asia – particularly China, which was largely isolated from the toxic assets that caused the crisis – is starting to rebound.

Indeed, many …

The commencement in Saudi Arabia earlier this week of both a regulated bond and sukuk (Islamic bond) market is “a very sensible approach” to the problems facing many Saudi banks–namely the fact their loan-to-deposit ratios already exceed the central bank’s imposed ceilings–and will help to create “deeper and wider” financial markets, according to Rajiv Shukla, regional head of debt markets at HSBC Saudi Arabia. “No market should depend on one pool of liquidity,” he added.

The Saudi Capital Market Authority hopes to give potential issuers enough forms of finance to ease pressure on banks and add another layer to the nation’s capital markets. In April, for instance, it announced it was considering the introduction of options, short-selling and futures onto its exchange (Tadawul) in addition to ETFs. It also underscored the need for holders of more than 5% of a company to disclose ownership