China’s wild panda population rebounds

fervour for hydropower dams and roads still poses a severe threat to the endangered animal’s survival

India budget prioritises infrastructure

General sales tax will replace local fees and taxes that prevent India being a single market

Bankia’s 2014 profit hit by IPO compensation provisions

The headquarters of Spanish nationalised saving bank Bankia is seen in MadridSpanish lender Bankia reported annual profit hurt by provisions put aside to cover potential compensation claims linked to its 2011 stock market listing which was followed one year later by a state bail-out. Its 2014 net profit came in at 747 million euros after the bank, as expected, set aside provisions of 312 million euros (226 million pounds) for any payout linked to the initial public offering. Bankia reported a 14 percent rise in net interest income - broadly what a bank earns on assets minus what it pays out on deposits - to 2.9 billion euros, in line with analysts' expectations. Paying a dividend is a significant step because it means giving money back to the state as a shareholder, Bankia Chairman Jose Ignacio Goirigolzarri said on Friday.


Chief who pulled AIG back from the brink

Robert Benmosche, who led insurer’s restructuring, dies aged 70

Chief who pulled AIG back from the brink

Robert Benmosche, who led insurer’s restructuring, dies aged 70