Financial Services

Former head of China's Anbang group appeals prison sentence

May 30, 2018

The former head of China's Anbang Insurance Group which owns New York's famed Waldorf Astoria Hotel is appealing his sentence of 18 years in prison

Head of major Chinese bank found dead in apparent suicide

May 28, 2018

State media say the head of a major bank in northern China has been found dead in his office in an apparent suicide

Asian shares mixed after Fed gives Wall Street a boost

May 24, 2018

Asian shares mixed after Fed gives Wall Street a boost

Sony buys most of EMI Music, to spend $9B on image sensors

May 22, 2018

Sony investing $9 billion mostly in image sensors, buying bigger stake in EMI Music Publishing

Toshiba's chip sale to consortium wins regulatory approval

May 17, 2018

Japanese electronics company Toshiba Corp. says the sale of its computer memory chip business to a consortium led by Bain Capital Private Equity has cleared all anti-trust regulatory approval, including one it was awaiting from China

Chinese court sentences Anbang founder to 18 years for fraud

May 10, 2018

Chinese state media say the founder of the Chinese insurance company that owns New York City's Waldorf Hotel has been sentenced to 18 years in prison for fraudulently raising $10 billion from investors

Chinese smartphone maker Xiaomi files for Hong Kong IPO

May 3, 2018

Chinese smartphone maker Xiaomi files for Hong Kong initial public offering.

Asian stocks follow Wall Street higher after strong results

Apr 27, 2018

Asian stock markets followed Wall Street higher on strong 1st quarter results; investors' eyes on inter-Korean summit

World stocks edge up as investors await ECB comments

Apr 26, 2018

World stock markets are mostly higher as investors digest the latest quarterly corporate earnings and await comment from the head of the European Central Bank.

Shanghai gets automated bank with VR, robots, face scanning

Apr 23, 2018

Shanghai gets automated "unmanned bank" equipped with facial recognition software, a virtual reality room and talking robots

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