Hard-up firms in China use cashmere and pork to repay loans

LI XINTONG DID not want one overpriced cashmere sweater, let alone a hundred. But when his loan to Jicai came due, the investment firm offered to repay him not in cash, but in sweaters. The value of 100 cashmere pullovers, it said, equalled his 150,000 yuan ($ 22,000) loan, and was thus fair compensation. Mr […]

Non-bank firms are now big players in America’s mortgage market

Not so bankable TWICE IN THE past 30 years, housing finance has taken down America’s economy. As interest rates rise and the housing market stutters (see article), regulators are again pondering the risks from the mortgage market—this time from a shift towards non-bank originators. These firms, which create mortgages and often sell them on to […]

How logistics firms can solve a multibillion-dollar issue for retailers

This is a preview of The Reverse Logistics Report from Business Insider Intelligence. Current subscribers can read the report here. Business Insider Intelligence With e-commerce becoming a lucrative shopping channel, retailers and their logistics partners have been primarily focused on how to quickly move goods through the supply chain and into the hands of consumers — a process […]

Natural gas firms have a proposal to convert home heating to hydrogen

Enlarge / Natural gas meters are fixed to the outside of residential townhouses and apartments (credit: Photo by Robert Nickelsberg/Getty Images) Three natural gas distributors issued a report this week detailing plans to convert the UK’s residential gas system to a hydrogen delivery system. UK firms Northern Gas Networks and Cadent, as well as Norwegian […]

As firms struggle with seasonal hiring, Amazon turns to automation

Elf plan included TO BE HIRED as Santa Claus at Boscov’s, a department store in Pennsylvania, you will need to “be tolerant of unexpected behaviours from children”. But what really sets an applicant apart is a “natural white beard”. The insufficiently hirsute can apply for one of over 880,000 other holiday vacancies across America. The […]