Financial Services

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

China sets ambitious growth target, promises steel cuts

Mar 5, 2018

China's top economic official has set a robust growth target of "around 6.5 percent" and promised more market opening and cuts in a bloated steel industry that has inflamed trade tensions with the U.S. and Europe

Global stock markets rise as investors seek Fed clues

Feb 26, 2018

Global stocks have risen following Wall Street's rally as investors look ahead to the U.S. Federal Reserve chairman's congressional testimony this week for insights into its outlook

Asian stock markets gain after Wall Street rally

Feb 26, 2018

Asian stock markets have risen following Wall Street's rally as investors look ahead to the U.S. Federal Reserve chairman's congressional testimony for insights into its economic outlook

China prosecuting tycoon who considered Kushner investment

Feb 23, 2018

Chinese authorities say they are prosecuting an insurance tycoon who had discussed possibly investing in a Manhattan skyscraper owned by the family of U.S. President Donald Trump's son-in-law

Bank of Japan Gov. Haruhiko Kuroda set to serve 2nd term

Feb 16, 2018

Bank of Japan Gov. Haruhiko Kuroda nominated for second five-year term as the head of the central bank

Thais arrest alleged Russian cybercrime market operator

Feb 9, 2018

Police in Thailand say they have arrested a Russian national accused by U.S. authorities of running an online cybercrime marketplace

Vietnam gives life term to oil exec after alleged abduction

Feb 5, 2018

A court in Hanoi has handed a life prison term to a former executive at Vietnam's state oil giant who Germany said was kidnapped from there by Vietnamese agents last year

Malaysia raises interest rate for first time in 4 years

Jan 25, 2018

Malaysia's central bank has raised its key interest rate for the first time in four years ahead of general elections due by August

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