China bars Glaxo finance chief from leaving

Housing Finance Jumps to 6-Week High on Outlook: Nairobi Mover

News China bars Glaxo finance chief from leaving Like . View gallery FILE – This April 28, 2010 file photo shows the GlaxoSmithKline offices in London. Drug manufacturer GlaxoSmithKline, under investigation in China on suspicion its employees bribed doctors, said Thursday, July 18, 2013 its finance director for the country has been barred from leaving. The executive, Steve Nechelput, has not been questioned or arrested and is free to travel within China, the British company said in a statement. It said it had been aware of the travel restrictions since the end of June.

Is there morality in personal finance?

in Nairobi, the most on a closing basis since April 2. More than six times the three-month daily average of shares were traded. Housing Finance, which said in February it will build 500 homes this year, reported a 59 percent increase in first-half net income to 397 million shillings ($4.6 million) in a statement yesterday. Net interest income, the money earned from interest charges on loans, increased 58 percent to 1.38 billion shillings. We expect further loan-book growth from rising credit demand as Housing Finance has lowered its base-lending rate to 16 percent from 18 percent and from a more stable macroeconomic environment, Vidur Dhingra, an analyst at Nairobi-based Kestrel Capital (East Africa) Ltd., said today in an e-mailed note.

An acquaintance recently told me hes almost free from six figures worth of debt . Of course, I asked him how he did it. I stopped feeling sorry for myself, he told me. I wanted to go out to eat, and I couldnt.

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