| Zimbabwe's bovine bank a cash cow BY GILLIAN GOTORA William Mukurazita’s deposit at the bank has four legs and moos. Zimbabwe’s first “cattle bank” has just opened its books in a unique kind of banking where owners bring in their animals as collateral against cash loans. For many rural poor in the southern ... Harsher U.K. sanctions for bankers urged British bankers could soon be facing harsher penalties for behaving badly. After a year that has seen major scandals involving rate-rigging, money laundering and rogue trading rock the U.K. financial industry, an influential parliamentary committee recommended Wednesday that senior bankers be held more accountable ... Mori says Tokyo real estate is best bet Billionaire Akira Mori said developing energy-saving buildings in central Tokyo is the best way to benefit from Prime Minister Shinzo Abe’s policies, such as boosting the capital’s competitiveness. Mori Trust Co. may seek to acquire more land after it accumulated about 10,000 tsubo, or ... April sales tax hike a given: Amari BY JUN HONGO Japan will answer the world’s call and present a credible midterm fiscal plan by implementing the sales tax hike as planned next April, economic revitalization minister Akira Amari said Wednesday. Delivering a speech titled “Japan Is Back” at the Japan National Press Club in ... When the sun doesn't shine, who should pay? It’s a sight that would bring joy to anyone who has ever paid an electric bill: that little wheel on the meter outside your home literally spinning backward, signaling a reduction in your payment and the distribution of excess electricity to your neighbors. Yes, ... Trade deficit in May was the third-highest ever recorded Japan’s trade balance in May showed the third-largest deficit ever for any month, with the red-ink streak extending to a record 11th month as the depreciation of the yen continued to push up import prices despite a sharp gain in exports, the government said ... BOJ's JGB holdings: ¥128 trillion The outstanding balance of Japanese government bonds held by the Bank of Japan hit an all-time high of ¥127.88 trillion at the end of March, up 43.8 percent from the previous year, the bank’s quarterly survey showed Wednesday. The surge apparently reflects the BOJ’s ... Deloitte in deal over Standard Chartered lapses Regulators reached an agreement Tuesday for Deloitte Financial Advisory Services to pay $10 million and cease new consulting for one year at state-regulated banks to settle a misconduct investigation. The probe involved Deloitte’s work for the New York branch of Standard Chartered Bank in ... | 
