Financial Services

Court in Vietnam starts 2nd embezzlement trial of executive

Jan 24, 2018

A court in Vietnam has started the trial of a former executive accused of embezzling from the state oil giant and who Germany says was kidnapped from there by Vietnamese agents last year

Japan central bank keeps lax monetary policy unchanged

Jan 23, 2018

The Bank of Japan has opted to keep intact its unprecedented monetary stimulus despite signs the economy is gaining steam

Vietnam jails former oil execs in high-profile graft case

Jan 22, 2018

A former oil executive has been sentenced to life in prison and a former high-ranking Vietnamese government official has received a lengthy prison term in a major corruption case

China says cross-border cash flows hit turning point in '17

Jan 18, 2018

Financial regulators in China say cross-border capital flows hit a turning point in 2017 as foreign currency reserve levels stabilized after two years of declines

Vietnam prosecutors seek jail terms for former oil execs

Jan 11, 2018

Vietnamese prosecutors are seeking long jail terms for former oil company executives accused of mismanagement or embezzlement, including a former senior Communist Party official and an official whom government agents allegedly kidnapped from Germany

China: Report buying of US debt might stop is 'fake news'

Jan 11, 2018

China's foreign exchange regulator has challenged a news report that it might slow or stop purchases of U.S. Treasury debt due to trade tensions with Washington as "fake news."

US bars $1.2B Chinese acquisition of MoneyGram

Jan 3, 2018

Chinese billionaire Jack Ma has dropped his bid to buy U.S. money transfer company MoneyGram after Washington rejected the $1.2 billion deal in a fresh example of heightened American scrutiny of Chinese investment

Bank of Japan keeps easy credit stance as inflation eludes

Dec 21, 2017

Japan's central bank opts to keep its ultra-lax monetary policy unchanged as inflation eludes

Chinese leaders promise more imports, less financial risk

Dec 20, 2017

Chinese leaders have promised to increase imports and reduce risks in their financial system following an annual economic planning meeting

Britain's finance minister in China to promote trade

Dec 15, 2017

Britain's finance minister tells China's premier there are "many opportunities" to expand commercial ties as he starts a visit aimed at developing trade as the United Kingdom prepares to leave the European Union

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