U.S. President Donald Trump's withdrawal from the Trans-Pacific Partnership prompted the other 11 nations that were party to the agreement to forge ahead in a new pact without the U.S.
Beijing's top central banker is retiring. With no successor named yet, the rumor mill starts churning.
Yuan Yulai, CEO of machine-based financial advisor Licaimofang, speaks about the coming dominance of robo-advisors in China’s wealth-management market.
Yihan Fang, CEO of Yirendai, a subsidiary of asset manager CreditEase, speaks about the growing sophistication in China’s wealth management.
Consumers have embraced digital technology to improve their lives. Now industry must figure out how digital tools can improve productivity.
Japanese life insurance companies are turning to the project finance market in a bid to achieve higher yields. The move comes as Japan’s ultra-loose monetary policy—dubbed “Abenomics” after Prime Minister Shinzo Abe—has resulted in a paucity of available ...
Indian Prime Minister Narendra Modi’s government decided to sell a 49% stake in debt-laden state-run carrier Air India. The government may explore increasing the stake to 51%, with control of Air India possibly granted to a foreign airline, if official ...
Many small, fast-growing start-ups aspire to become a unicorn—a private company, usually in the technology space, with a valuation of more than $1 billion. Unicorns are mostly associated with tech hubs like Silicon Valley. But they’re slowly part of a ...
Financial centers set to duel over Chinese tech giant but, if the company gets its way, both sides could win
The IPO could see the company raise ¥2 trillion ($18 billion) as it floats a 30% stake in Softbank Corp, Japan’s number three wireless provider.
Countries like Algeria, Morocco, Bolivia, Ecuador, Kyrgyzstan, Nepal and Bangladesh have all issued bans—or at least begun the process—on bitcoin and other alternative currencies, in order to stamp out tax evasion and irresponsible trading.
South Korea’s new overtures to Kim Jong II are part of a broader regional diplomatic initiative. Moon visited China, a North Korean ally and key trading partner, in December 2017, and called for better South Korea-China relations.
The decision follows two years of testing and is among’s the first attempts to use blockchain to clear a major asset class.
South Korean shipbuilders have been under severe financial strain since 2008 and are suffering from tougher competition from Chinese rivals.
The deal sends a strong signal that two of the world’s major exporters still believe in the merits of open markets.
Ford has been lagging behind competitors in emerging technologies for automobiles, including the race for driverless cars, but its appointment of Jim Hackett as CEO last May marked a change in strategy.
Japan approved new carrot-and-stick tax measures to bring corporate tax down to 25% for companies that raise wages by 3%, and to as low as 20% for those that invest in new technologies such as ICT and internet-of-things, on Thursday.