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...credit crisis is hurting even small Hong Kong businesses, according to Danny Lau, chairman of the Hong Kong Small and Medium Enterprise Association. "Bankers are tightening loans," Lau says. "That will affect most small businesses. Some of them have loans from banks in order to run their operations. Now they will have to tighten up, or they will have to contract in the future." Last week, U-Right, a clothing retailer with about 100 outlets in Hong Kong and another 500 in China, was forced to liquidate after it could not meet bank demands to repay its debts. By Sunday...

Author: /time Magazine | Title: Asian Stocks Rebound After Last Week's Record Rout | 10/13/2008 | See Source »

...investors for some $20 billion in much-needed capital, after subprime-related losses - and an ill-timed takeover last year of Dutch bank ABN Amro - blew a big hole in its balance sheet. "It's immensely regretful we're coming to shareholders to raise funds again," said RBS chairman Tom McKillop. "It's something we feel bad about." So bad, in fact, that McKillop now plans to quit next year; RBS CEO Fred Goodwin resigned Monday, as did his counterpart at HBOS...

Author: /time Magazine | Title: Britain Sets Details of Huge Bank-Bailout Plan | 10/13/2008 | See Source »

...training the next generation of leaders, Anand G. Mahindra ’77, Vice-Chairman of Mahindra & Mahindra Ltd., said that business schools were not necessarily the answer...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Business School Marks 100 Year Anniversary | 10/13/2008 | See Source »

...This weekend, business leaders from around the world—including Bill Gates, the former CEO of Ebay, and the former Chairman of the Securities and Exchange Commission—gathered at the Global Business Summit in the midst of the current financial crisis to discuss the evolving role of the leader in the non-profit, government, and for-profit sectors...

Author: By Prateek Kumar, CRIMSON STAFF WRITER | Title: Harvard Business School Marks 100 Year Anniversary | 10/13/2008 | See Source »

...election years both campaigns pretty much ignore the state. This time, however, McCain is running behind Barack Obama in statewide polls, thanks in large part to the head start he got on the ground there. "We haven't seen a race like this in Virginia - ever," said state GOP Chairman Jeffrey M. Frederick. "The last time was 40 years ago, and they didn't run races like this...

Author: /time Magazine | Title: In Battleground Virginia, a Tale of Two Ground Games | 10/12/2008 | See Source »

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