BEIJING (Alliance News) - Chinese industrial profits declined at the fastest pace in 27 months in November, official data revealed Saturday.
... * Finance minister expects GDP drop of 4 pct in 2015. * Recalculates budget based on $60/barrel oil. * Central bank to lend over $2 bln to bailed-out Trust bank.
A host of companies working in and around the oil patch are facing tough times amid a sharp decline in energy prices over the past year.
Credit Suisse Group AG was ordered to face a lawsuit by New York's attorney general accusing the bank of fraud in sales of mortgage-backed securities before the recession.
Amazon.com Inc said it drew more than 10 million new members to its Prime shipping and digital content service over the holidays and intends to offer one-hour shipping to more cities in 2015.