Finance

Feb. 28 (Bloomberg) — Pay for newly hired senior investment professionals in China and emerging Asian countries may see double-digit growth this year as banks in the region compete for talent and avoid European debt crisis fallout. Compensation for a senior corporate banker in Beijing, excluding bonuses, is projected jump 42 percent this year to at least 2 million yuan …

MEXICO CITY -(Dow Jones)- Reports that China is prepared to lend $100 billion to the International Monetary Fund are “purely rumor,” China’s Deputy Finance Minister Zhu Guangyao said Saturday. Speaking to reporters on the sidelines of a meeting of finance ministers and central bankers from the Group of 20 nations, Zhu said he was confident the euro zone’s problems can …

The regulations for the US Foreign Account Tax Compliance Act were announced earlier this month, and Asian financial institutions can no longer play wait-and-see, according to PwC. The proposed regulations for the US Foreign Account Tax Compliance Act (Facta) were finally issued on February 8, and they will significantly affect foreign financial institutions (FFIs), including those in Asia, according to …

SHANGHAI saw foreign direct investment grow last month because foreign investors were still attracted to the city’s economy and its pro-business environment. A total of US$1.5 billion in contracted foreign investment landed in the city in January, an annual jump of 12.5 percent, according to the Shanghai Statistics Bureau. But it was slower than last year’s average of 31.3 percent …

SINGAPORE — How do you stump up the money for a $22 billion aircraft deal? The answer in the case of Indonesia’s Lion Air, which finalized a record order with Boeing this week, is typical of many mega-aircraft deals: with a little help from the taxpayer. The U.S. government is offering loan guarantees to help the low-cost carrier buy 230 …

(Reuters) – Asian banks are filling the void in the aircraft financing market left by squeezed European lenders, but Middle East tensions and the sheer scale of Asia’s aviation growth look set to leave the industry’s funding on a knife-edge, experts said. Banks from Singapore, China and Japan have stepped up their activities in the lucrative sector. The realignment has pushed back …