Chinese Web giant Baidu has obtained regulatory approval to establish, in collaboration with China Citic Bank, a direct-banking firm named Baixin Bank that will operate online rather than through brick-and-mortar outlets.
China is committed to investing more than $360 billion in domestic renewable energy and supporting technologies by 2020, building on its existing position as the world’s largest investor in renewables.
Wu Chunjiang, assistant general manager for private banking at China Merchants Bank (CMB), talks with Global Finance about building strength regionally in private banking.
The new prime minister of New Zealand has his work cut out for him, despite a relatively strong economy.
U.S. lawmakers are upset with China. Again.
Given that China’s growth is slowing, the decision to replace Finance minister Lou Jiwei with Xiao Jie is controversial—yet not surprising.
The scandal that led to the president's impeachment implicates some of South Korea's best-known conglomerates.
With Trump at the helm in the US, Philippine president Rodrigo Duterte's anti-American rhetoric may backfire.
At almost 79, Ratan Naval Tata is donning the captain’s cap again at the $108 billion Tata Group. He’s back at his Bombay House corner office at group headquarters, taking daily calls on operations. After four years of retirement, the ...
As the reality of a Donald Trump presidency sinks in with the world's markets, financial professionals and economic groups are choosing to look at the stimulus that could result from the election of the real estate developer turned reality show star.
A smooth transition of power to crown prince of Thailand Maha Vajiralongkorn after his father, king Bhumibol Adulyadej, died in mid-October, is looking unlikely, however.
Samsung’s soon-to-be vice chairman and heir apparent, Lee Jae-yong, rises to face the challenge of leading the multinational tech giant at a difficult time.
The safest three emerging markets banks are South Korean, following ratings upgrades by Moody’s and S&P. Korea Development Bank, Export-Import Bank of Korea and Industrial Bank of Korea now have at least one AA and one AA- rating each, which ...
This year’s ranking of Chinese banks includes all 21 Chinese banks that have a rating from one of the three large, international rating agencies. In principle, the only criterion for inclusion, apart from having one or more rating, was that ...
A deepening and widening of the nascent corporate bond market in India is on track, following reforms by the Reserve Bank of India aimed to draw in foreign and small investors.
Raghuram Rajan's departure as head of the Reserve Bank of India to return to teaching at the University of Chicago, made some Indians fear upheaval, but with his deputy taking the helm, stability is expected.
Policy changes and consistent growth have positioned India to draw fresh investment.
Aung San Suu Kyi, Myanmar’s de facto leader and a Nobel Peace Prize winner, has a change of heart regarding US sanctions against her country.