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(Bloomberg) -- While the coronavirus pandemic is accelerating the death of coal in developed nations, the dirtiest fossil fuel is alive and kicking in Asia. Demand for electricity plunged -- and with it the need for coal -- as factories around the world sat dormant and people spent months at home. Economic growth and stimulus is the government's current priority, and with coal accounting for about 65% of the generation mix, it's critical to keeping China's electricity prices low, Yu said. [Extracted from the article]

(Bloomberg) -- A critical route for American coal exports to Asia is drying up after yet another U.S. port city passed a law to bar the fuel from leaving its shores. Lawmakers in Richmond, California, late Tuesday voted to impose a ban on coal, targeting a terminal that handles about a quarter of exports from the U.S. West Coast. [Extracted from the article]

Reports on San Jose, California-based Atmel's fourth quarter loss ended December 31, 1997, due to the financial crisis in Asia. Alternative policies introduced by the company aimed at cutting expenditures; Undervaluation of the company's stock price.

Focuses on a PricewaterhouseCoopers LLP survey of financial services companies in North America, Europe, and Asia to determine their return on investment (ROI). Finding that 30% have no way to assess technology initiatives for their ROI; Comment of Andrew Gray, executive at the consultancy, about banks separating the development teams from the business lines; Remarks of Computer Based Solutions Inc.'s president, M. Arthur Gillis, and JPMorgan Chase & Co.'s chief information officer, Austin Adams, and others on information technology projects and accountability.

The article reports that processor Global Payments is offering merchants in five new Asian countries, including the Philippines, Brunei, and the Maldives, the ability to accept cards from China Union Pay, China's only electronic payment network.

The article reports that Visa International announced that forty-one issuers in eleven countries are issuing contactless payment cards with Visa's payWave technology. Visa further announced that worldwide demand for the cards has been strong, with cards issued in Asia, the U.S., Europe, and in Great Britain.

The article reports that three Asian companies--Industrial and Commercial Bank of China, Asian Development Bank and Japan Post--are all using treasury management software from Misys PLC. A quick look at how the software is being utilized is presented. A comment from Alan Railton, the general manager for sales and distribution, treasury, and capital markets Asia for Misys PLC's banking systems unit, is included.

The article reports that the transaction processor Total System Services Corp. is opening a Chinese sales office in Shanghai in response to the fast-growing payments in China and the Asia-Pacific region. This is a reflection of tremendous growth in the adoption of electronic payments in China, where the economy is expected to grow 6% to 8% through 2012.