At least 11 securities brokerages have reached an agreement to invest 21 billion yuan (US$3.02 billion) to set up a parent asset management plan to...

Gree Electric, a Chinese major appliance manufacturer, has confirmed it has fully acquired Hefei Jinghong Electric, adding the refrigerator-manufacturing business to its vast portfolio, The...

GM Korea in a shareholders' meeting on Friday decided to establish a research and development company despite opposition from workers and state-run Korea Development Bank,...

The US Treasury Department’s twice-yearly review of possible exchange rate manipulation singled out Asia, and emerging markets China, India and Korea in particular, to alter...

The number of Korean companies on the World's Best Employers list has fallen by half this year.Nine Korean companies were included among 500 global giants...

The Kingdom of Saudi Arabia has finally admitted that Jamal Khashoggi was murdered inside its consulate in Istanbul. Khashoggi, a Saudi journalist who resided in...

Both the Shanghai Stock Exchange and Shenzhen Stock Exchange have taken action to stabilize the tumbling A-share market by issuing statements confronting the current equity...

At present, a number of local securities brokers are exploring the possibility of launching a “rescue-like” fund with local state-owned enterprises in hopes of helping...

Chinese venture capital is playing an increasingly important role around the world, as the nation’s technology companies have been taking the lead on obtaining financing...

Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first...

Top shareholder advisers have backed Aryzta's planned €800m capital raising, in a major boost to management ahead of a shareholders' meeting next month.The Irish-Swiss company'...

Italian bonds and stocks snapped two days of losses after the European Commission struck a more conciliatory tone toward the country's spending plans, easing heightened...

The Bank of Korea on Thursday slashed its growth outlook for the economy this year from 2.9 to 2.7 percent. In a slap in the...

The Federation of Korean Industries and the American Chamber of Commerce in Korea have called on the U.S. government to exempt Korea from punitive tariffs...

GM Korea workers on Thursday threatened to strike to protest against the automaker's plans to establish a research and development company which they fear are...

When you owe a bank $100, that’s your problem. But when you owe a bank $100 million, it’s the bank’s problem. That’s a famous quote...

A European Union (EU) mission will arrive in Myanmar this month to assess the possibility of revoking the nation’s Generalized System of Preferences (GSP) trade...

The Shenzhen municipal government has issued a new rule on the use of construction land, setting a deadline of four years for all residential property...

Chinese Internet giant Tencent is working on building WeChat, its popular instant messaging app, into cars, according to Pony Ma, the chairman and CEO of...

The Hong Kong horse racing model will not appear in the Hainan Pilot Free Trade Zone, The Paper reported, citing analysts.In the latest overall plan...

China’s stock market has continued apace on its downward trajectory, with the Shanghai Composite falling by as much as 10% or more in October.But a...

Hyundai's premium brand Genesis released an upgraded version of its G70 luxury sedan on Wednesday.It has a 12.3-inch dashboard, which is the first in the...

Koreans are increasingly embracing cheaper Chinese electronics and abandoning their traditional preference for homegrown gadgets.Koreans made some 882,000 purchases of Chinese products online in the...

Investors considering getting into Chinese markets at the moment – at a time when share prices have dropped and there could be bargains for discerning...

Over the first three quarters of this year, China’s Foreign Direct Investment totalled US$82.02 billion, an increase of 5.1% from a year earlier, according to...

The release of new financial data in September is raising expectations, indicating that support for the real economy is growing, according to Economic Information Daily,...

The Hainan Pilot Free Trade Zone has lowered the threshold for foreign investors, especially in modern agriculture, high-tech and the modern service industry, The Paper...

Local state-owned enterprises, known as SOEs, are accelerating the purchase of equities in privately-owned public companies amid the recent turbulence of the A-share stock market,...

Spare a thought for Norwegian Joy, which has yet to live up to its cheerful name. In fact, the luxury vessel from Norwegian Cruise Line...

Instant noodle giant Nongshim expects sales of US$280 million in China this year, its 20th in the world's biggest market, the company said Tuesday.The amount...

The State Council has officially agreed to set up a pilot Free Trade Zone in Hainan, an island province at the southern-most point of China,...

The People’s Bank of China officially launched the triparty repo in the inter-bank bond market in an announcement released on Tuesday, Securities Daily reported.The triparty...

There are not enough Samsung smartphone service centers in Korea for the country's 35 million users, and they are mostly concentrated in the capital region.While...

Competition for the large SUV market is heating up, with carmakers turning to large vehicles, which have become increasingly popular, in a bid to revive...

The United States wants to prohibit data localisation to ensure that there is a free flow of information across borders, a senior Trump administration official...

China Life Insurance Company has signed an agreement with two real estate developers, China Resources Land and Shanghai Land, to jointly launch a city development...

Wenzhou, an industrial port city in China’s Zhejiang province, has put forward rewards for enterprises that plan to conduct joint-stock reform or go public, Xinhua...

Baidu Waimai, the country’s third-largest food delivery service, has rebranded as Star.Ele, after being required to by its major competitor, Ele.me, Yicai.com reported.The new Star.Ele...

Last-ditch Brexit negotiations between the UK and Brussels failed to reach a draft divorce settlement on Sunday due to the Northern Irish border issue just...

Some 34,891 Korean Facebook accounts were hacked in the latest security breach in the global social network in September.The Korea Communications Commission said Sunday, "Facebook...

China’s current economic growth is stable and expected to achieve its target of 6.5% or even slightly higher this year, said Yi Gang, governor of...

Internet search giant Baidu announced that it will lead a new round of investment for NetEase Cloud Music, the Chinese equivalent of Spotify, The Paper...

President Trump raised eyebrows earlier this year when he announced plans to create a “Space Force,” which would become the sixth branch of the military.Vice...

With 24 days left before the midterm elections, a lot is going wrong for Donald Trump and the Republican Party. Between the implications that Trump...

The government is pushing to create around 30,000 temporary jobs by pressuring government agencies and public companies in an increasingly desperate bid to stem dwindling...

Samsung unveiled its latest mid-range smartphone Galaxy A9 in Kuala Lumpur on Thursday.Galaxy A9 is the first smartphone in the world to sport four rear...

HNA Group is looking for buyers to take over nine of its real estate projects across the border, continuing the sell-off of its overseas assets,...

At least 18 listed companies issued repurchase announcements on Thursday, while seven more announced their intention to increase their holdings during the biggest market slump...

German automaker BMW has increased its investment in the Chinese joint venture BMW Brilliance, The Paper reported.The BMW Group and Brilliance Automotive Group jointly announced...

The Ecnec yesterday approved 17 projects including one for land acquisition to elevate the Faridpur-Kuakata highway into a four lane one to establish smooth communication...

Chinese major phone maker Huawei has launched two self-developed AI chips — Ascend 310 as well as Ascend 910 — which is being introduced as...

Tourism from China is rebounding, and the place where Chinese visitors spend the most money in Korea is the swish Myeong-dong shopping district in downtown...

The Beijing Equity Exchange has announced two transactions on its official website involving the transfer of equity of UBS Securities.According to the latter online advertisement,...

World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a...

Analysts say that the RMB exchange rate has sufficient conditions to maintain basic stability at a reasonable and balanced level, and there is no room...

The escalating U.S.-China trade war will inhibit global economic growth this year and next, the International Monetary Fund said Tuesday, even as U.S. President Donald...

Gone are the good old days of the so-called “Golden September and Silver October” for Chinese property developers.For the traditional harvest season that sees a...

Chinese ride-hailing giant Didi Chuxing says it has no intention of acquiring Ofo, one of the major bike-sharing operators in the country, The Paper reported.Didi...

Since 2010, real estate developers in China have tried to diversify their business portfolio. However, due to the fact that some transformations were too different...

In 2017, the total investment in research and development in China exceeded 1.76 trillion yuan (US$250 billion), a rise of 12.3% from a year earlie,...

Inflation crawled down to its lowest in 18 months in September on the back of the continuous fall in food prices.Last month, inflation stood at...

As the housing industry continues to face downward pressure, real estate giant Centaline Property Agency’s Shanghai branch says it has had to slash salaries and...

A strong won and cheap airfares have resulted in Koreans spending a record W32 trillion overseas last year, according to the Bank of Korea (US$1=W1,130)....

The Hang Seng Index Co. Ltd. has introduced a new index, the Hang Seng Stock Connect Hong Kong Big Bay Area Index, aiming to reflect...

Premier Li Keqiang presided over the State Council executive meeting to confirm measures to improve the export tax rebate policy, aiming to reduce burdens and...

In the face of downward pressure on the economy, the central government has made it clear that the proactive fiscal policy should be more active,...

The alacrity with which China is drawing Nepal into its orbit has raised eyebrows, but the process began almost seven decades back, with Mao Zedong...

The Chinese central bank announced that it would reduce the reserve requirement ratio by one percentage point for the fourth time this year, in hopes...

China and Singapore have signed 118 pragmatic cooperation projects under the Strategic Interconnection Demonstration Program, worth a total amount of US$21.4 billion, Xinhua news agency...

Tens of thousands of people have signed up to a new service from two mobile-only banks designed to help problem gamblers. One former addict says...

Samsung ranked sixth on the world's 100 top brands list with a value of about US$60 billion, according to brand consulting firm Interbrand.The firm on...

Chinese travellers have shown great enthusiasm for touring the nation’s scenic spots this fall. For the first four days of China’s seven-day National Day Holiday,...

China’s information consumption reached 4.5 trillion yuan (US$660 million) in 2017, and if it continues to grow at this rate, it’s fully expected to hit...

Purchases made online or those via mobile devices are increasing rapidly.Online transactions rose 19.6 percent to W9.06 trillion in August from W7.57 trillion in the...

Didi Chuxing, the largest ride-hailing platform in China, said it has increased the number of customer service staff by three times to deal emergency situations.The...

When a Hong Kong businessman turns a big profit, rest assured that he will go property hunting.A case in point being the Tam brothers, who...

Bangladesh's silk industry is probably the oldest on the globe, with farmers in the northwestern border district of Rajshahi making probably the most sought-after silk...

The trade dispute between the US and China is likely to last until at least the end of the year, a top Hong Kong analyst...

Hyundai and its affiliate Kia's combined sales are expected to surpass 1 million cars in Europe, the carmakers said on Wednesday.They sold some 715,050 units...

Part-time jobs at the bottom of the market are dwindling after the drastic minimum-wage, further reducing the prospects of young people in an already tough...

In the second quarter of this year, the proportion of RMB assets held by central banks in various economies continued to rise in global foreign...

Chinese Internet giant Tencent is planning to increase its holdings in the young, emerging cultural community Bilibili, with a US$317.6 million cash injection, The Paper...

FANUC, a major Japanese provider of automation products, has officially kicked off the construction of its Chongqing base in southwestern China, Xinhua news agency reported.The...

It is that time of year in Hong Kong, when mainland tourists flock to the former British colony for a one-week holiday.This year the Express...

On October 1, the first day of China’s seven-day National Day holiday, the country received an estimated 122 million domestic tourists, an increase of 7.54%...

The Customs Tariff Commission of the State Council has issued an announcement to reduce import tariffs for 1,585 tax purposes from November 1, People’s Daily...

Banks are moving quickly to lower the investment threshold of publicly-funded wealth management products to 10,000 yuan, in response to new regulations regarding commercial bank...

Some 2.43 million people who have taken out high-interest loans from small savings banks or credit card companies could be wiped out if interest rates...

Beijing has prohibited real estate developers to launch any new residential projects in Dongcheng and Xicheng districts, the core areas of the city, Since Finance...

For the first eight months of this year, 23 insurance asset management companies registered 109 debt investment or equity investment plans, with a total registered...

Jobs are declining in the Korean car industry as both exports and domestic sales dwindle.In August, Korean carmakers hired 391,000 workers, down 9,000 compared to...

Jack Ma, chairman of Alibaba’s board of directors, has given up ownership of the company’s VIE structure, in a move designed to ease his administrative...

The Shanghai Financial Services Office has ordered microcredit lenders and financing guarantee companies to immediately suspend cooperation with rental agents that carry out “rental loans”...

Tencent has made major adjustments to its internal structure, setting up two new departments including CSIG (Cloud and Smart Industries Group) and the PCG (Platform...

Beijing Sci-Tech Report (BSTR), China’s oldest tech publication, has announced that it is accepting Bitcoin for its 2019 subscriptions, Bitcoin.com reported on Sunday. The cost...

China’s millennials are becoming the mainstay of global luxury consumption, according to a report jointly released by the Boston Consulting Group and Chinese Internet giant...

The government has exempted 35 machine parts used for manufacturing mobile phone components from the basic customs duty to promote handset production in the country,...

Congress leader Sanjay Nirupam in a press conference claimed that PM Modi and Finance Minister Arun Jaitley have been pressurising state-owned Life Insurance Corporation of...

Adi Godrej, 76, chairman of the Godrej Group, has moved into his role as chairman emeritus of Godrej Consumer Products and Godrej Properties, even as...

The Reserve Bank of India (RBI) has been acting tough against banks which do not follow the norms, especially against banks failing to report frauds....

Midea Real Estate Holding Limited, one of the major real estate developers in China, is planning to raise up to HK$4.451 billion (US$570 million) and...

With the US economy still strong, the Federal Reserve raised the benchmark interest rate on Wednesday for the third time this year but showed no...

Spring Airlines, a low-cost carrier, has subscribed to China Southern Airline’s A-share non-public offering in a deal worth 846 million yuan (US$122.78 million), becoming the...

Chinese multinational Lenovo recently released the world’s first 5G Ready mobile phone Moto z3, and is now moving to be among the first batch of...

Korea's largest steel pipe manufacturer SeAH Steel has decided to boost output in the U.S. to sidestep mounting trade pressure from Washington.The U.S. has levied...

Hainan Airlines, the largest civilian-run air transport company in China, says it has sold its wholly-owned subsidiary, Beijing Guosheng Property Management Co. Ltd., in a...

President Moon Jae-in and his U.S. counterpart Donald Trump on Monday put their signatures on a revised bilateral free trade agreement. The signing came on...

The much-anticipated Shanghai-London Stock Connect will kick off as early as December this year, according to the current work arrangement, Shanghai Securities Journal reported.As for...

From October onward, Hong Kong residents will be able to use WeChat Pay, Tencent’s self-developed digital wallet, to buy high-speed rail tickets and call a...

Huatai Securities, a major Chinese securities brokerage firm, is planning to issue the country’s first Global Depository Receipts and list on the prestigious London Stock...

The Singapore dollar continued its ascent against the Malaysia currency on Wednesday (Sep 26) to reach a 2018 high against the ringgit.The Singapore dollar touched...

The People’s Bank of China and the Ministry of Finance have promulgated the Interim Measures for the Administration of Issuance of Overseas Institutional Bonds in...

Michael Kors is buying the Italian fashion house Gianni Versace in a deal worth more than US$2 billion (1.83 billion euros), continuing its hard charge...

During the three-day Mid-Autumn Festival, China received 97.9 million domestic tourists and realized 43.5 billion yuan (US$6.34 billion) in travel income, Economic Information Daily reported.According...

During the recent election campaign, Japanese Prime Minister Shinzo Abe called the country's aging and shrinking population a "national crisis" — a proverbial can kicked...

Is Jacky Cheung only the king of Canton pop? Or is he the Bruce Wayne in China? The popular Hong Kong singer scored another victory...

Mobile phone manufacturers including Huawei, Xiaomi, OPPO, vivo and OnePlus are moving into the television sector, in hopes of expanding into smart homes and the...

Chinese real estate giant Evergrande Group will spend a total of 14.49 billion yuan (US$2.11 billion) to acquire 40.96% of the shares of Guanghui Group,...

The European Commission has called for an EU probe into the regulatory failures that led to a multi-billion euro money-laundering scandal at Denmark’s Danske Bank,...

Eleven out of 45 first- and second-tier cities recorded total retail sales of consumers goods over the 500 billion yuan mark in 2017, Yicai.com reported.Sales...

Alibaba’s Jack Ma has warned that the ongoing US-China trade war could last at least 20 years. As we’ll see, it’s actually more like 30...

The State Council has issued a guidance to further stimulate and improve the mechanism of resident consumption, The Paper reported.The guidance puts forward that the...

The OECD on Thursday lowered its growth projection for Korea for this year from three percent to 2.7 percent. It also cut next year's outlook...

The China Development Bank has provided more than US$50 billion in investment and financing to about 500 projects in 43 African countries, said Liu Yong,...

Korea's top IT firms are trying hard to impress young people as their cachet threatens to fade.Prof. Han Sang-lin at Hanyang University said, "There is...

Meituan-Dianping, the Chinese food review and delivery giant backed by Tencent, has listed on the Hong Kong Stock Exchange, The Paper reported.Xu Xin, founder of...

Jack Ma Yun, founder of the giant Alibaba Group, claims not to be having too much trouble leaving behind the chairman’s seat.The flamboyant business chief,...

Xi’an, a large city in central China, has forbidden real estate developers from linking home sales to school admission, The Paper reported.According to the new...

It is estimated that in the next five years, China’s integrated circuit industry will “stand firm,” said Zhao Weiguo, chairman of the Tsinghua Unigroup, China’s...

The National Development and Reform Commission recently signed a cooperation agreement with the National Development Bank to support the growth of the digital economy, with...

Although machines will replace more humans in jobs by 2025, there will still be a net increase of 58 million new jobs brought by the...

South Korean tycoons who accompanied President Moon Jae-in to Pyongyang met North Korea's top economic official Ri Yong-nam on Tuesday for talks that were largely...

The Shanghai municipal government is cracking down on speculators in the housing market that are using false information, committing virtual transactions and making illegal withdrawals...

In 2018, only 53.46% of IPO applications were approved by the China Securities Regulatory Commission, a drop of nearly 30% when compared to the rate...

Shenyang, the capital city of China’s northeast Liaoning province, has put forward a three-year plan to promote the construction of a multi-level capital market, financially...

Vending machines and self-service kiosks are on an unstoppable rise in Korea, and they sell ever more products as dead-end low-paying jobs dwindle and employers...

The market for homes rented on a jeonse or Korean-style deposit lease basis is also heating up in Seoul after apartment prices soared.Jeonse prices are...

Beijing has put a cap on the amount one can borrow from the Housing Provident Fund, linking it with the period of the borrower’s payment,...

Asia’s leading economies have been criticized for their failure to punish companies that pay export bribes, with the problem expected to become worse as the...

Chinese manufacturers have made more profit from selling smartphones around the world than top-ranked manufacturer Samsung, according to the latest data.This has raised concerns that...

Guangzhou Baiyun International Airport has become one of the three major aviation hubs in China, ranking 13th busiest in the world, The Paper reported.According to...

Compact cars, once the typical entry-level or second cars in Korea, have seen their market share in Korea decline.The Korea Automobile Manufacturers Association on Sunday...

To cater to the Chinese consumer market, Apple has decided to add dual-sim features to its latest iPhones. Two of the three new models –...

On Sep 15, 2008, US investment bank Lehman Brothers filed for bankruptcy, sending shockwaves across global financial markets. With more than US$600 billion in debt, Lehman...

School bus driver Michael Payne was renting an apartment on the 30th floor of a New York City high-rise, where the landlord’s idea of fixing...

Samsung sent out invitations on Friday (Sep 14) for an Oct 11 event to launch a new mobile device under its Galaxy line.The invitation offered...

The Chinese economy revealed fresh signs of softness Friday with data showing the pace of investment slowing to record lows while retail spending and industrial...

Major Chinese phone maker Huawei, the largest telecom equipment manufacturer in the world, is quashing rumours that it will be bought out by a state-owned...

Official data released Friday showed China’s economy remained broadly stable in August, but investment in infrastructure slowed, despite supportive policy.In fact, this year through August,...

The growth of the mobile app market in Korea has seen a rise in the number of consumers seeking compensation for poor services.The Korea Consumer...