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 ...
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.
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.
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?
These futures would be China’s first such contract open to direct trading by foreign enterprises. If successful, the country could create similar contracts for other strategic commodities.
These are the rating for Central Bankers from the Asia-Pacific region in 2017.
India’s banking system, weighted toward state-backed entities, is opening up to private-sector banks to boost competition.