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.
Over the past year, India enforced reforms in eight of the 10 areas on which the rankings are based, showing improvement in nine of them.
Prince Mohammed bin Salman put 11 princes and nearly 200 high-ranking officials, under arrest for corruption.
The shift is meant to bolster China’s stagnant financial markets and includes scenarios where foreign entities can have a controlling interest in the country’s financial businesses.
ANZ's Head of International Banking and Financial Institution, John Campbell spoke with Global Finance Editor Andrea Fiano on the sideline of Sibos 2017 regarding the need for the banking industry to come together to leverage emerging banking technologies.
Jerry Zhang, CEO of Standard Chartered Bank (China), speaks about the bank’s award-winning efforts in sustainable, socially responsible banking practices.
As debt burdens inside China rise, the country's banks are ramping up cross-border lending.
Global Finance’s ranking includes all 25 Chinese banks that are rated by at least one of the three major credit-rating agencies.
Dominated by the largest banks in the world by far, China’s economy has soared to towering heights. But what lies beyond the horizon?