Chinese banks to get strict on loans
China's banking regulator ordered lenders to take more care when making real-estate loans, widening efforts to prevent property speculators from causing asset bubbles and bad debt. Banks should not lend to developers found to have held land without building houses, the government said at the weekend.
Cattle prod wins prize for student
STUDENT Paul Bowden from Thurles CBS was named as the winner of the Agri Aware's Green Dragon Innovation Challenge, supported by AIB and Bord Bia. The 16-year-old won a €10,000 product-mentoring and development prize after developing an electric cattle prod to help farmers herd cattle.
DFS shops not for sale, says owner
DFS, the sofa chain, is not for sale despite reports that three private equity groups submitted bids, owner Graham Kirkham said yesterday. "I am categorically not interested in selling the business," Lord Kirkham was quoted as saying. "I don't need the money. I'm loaded."
Darling to stay on as UK chancellor
UK finance minister Alistair Darling will stay on as UK chancellor of the exchequer if the Labour Party wins this year's election, Prime Minister Gordon Brown said this weekend. Mr Brown's endorsement of Darling will end conjecture in the British media that Mr Brown is lining up his long-time ally, Ed Balls, for the job.
Business awards seek entrants
HSBC is calling on businesses here to enter the European Business Awards 2010, which celebrate innovation and business success across the EU. HSBC Corporate Banking Ireland will host a ceremony in Dublin in June which will see 10 Irish nominees named. More information on the awards can be found at www.hsbc.ie or www.businessawardseurope.com. The deadline is April 16.