Financial Services

Prosecutors say chairman of one of China's biggest insurers goes on trial following company's seizure by regulators.

Mar 28, 2018

Prosecutors say chairman of one of China's biggest insurers goes on trial following company's seizure by regulators.

China's new central banker pledges to rein in financial risk

Mar 25, 2018

China's new central banker pledges sweeping steps to rein in financial risks

Global shares mixed as investors watch Facebook, Fed

Mar 20, 2018

Global shares mixed as investors watch Facebook shares and ahead of Federal Reserve meeting

Asian shares track US tech slump, focus on Fed meeting

Mar 20, 2018

Asian shares skid following Wall St decline after Facebook reported its worst loss in four years

Indonesia faces challenge to seizure of yacht wanted by US

Mar 19, 2018

Indonesian police say a luxury yacht seized as part of a U.S. probe into the alleged multibillion-dollar theft of funds from a Malaysian state investment company has not been handed over to the U.S. because of a legal challenge from its owner

China appoints US-trained central banker

Mar 19, 2018

A US-trained economist has been named to succeed China's longtime central bank governor as the ruling Communist Party tries to reduce financial risks and surging debt

Asian markets mixed following Wall Street gains

Mar 19, 2018

Asian stock markets are mixed following Wall Street gains and China's appointment of a new central bank governor and other top economic officials

Southeast Asian ride-hailing app Grab expands into lending

Mar 13, 2018

Southeast Asian ride hailing app Grab said it is expanding into financial services in partnership with a Japanese credit card company, hoping to offer credit to millions of people without bank accounts

China merges bank, insurance regulators to tackle risk

Mar 13, 2018

China plans to merge its banking and insurance regulators into a more powerful agency to control scandal-plagued finance industries that are struggling with debt

Central banker: China can be 'bolder' about market opening

Mar 9, 2018

The head of China's central bank says the country can be 'bolder' about opening its financial markets following steps to strengthen financial regulation and encourage use of its currency abroad

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