China's central bank woos top Western firms as economic challenges grow
China will open up its financial industry and make its business environment more friendly for foreign businesses, the country's central bank governor told a number of top Western companies on Monday, renewing Beijing's efforts to lure overseas capital as economic challenges mount.
2023-09-19 13:23
Australia's first female central bank chief takes charge as cost of living crisis rages
Australia's new central bank chief, Michele Bullock, took the helm Monday after a firestorm of criticism over rising living costs engulfed the tenure of her predecessor.
2023-09-18 18:50
Evergrande's woes deepen after police detain staff at its wealth management unit
Chinese police have detained some staff of Evergrande's wealth management unit after the company failed to repay investors, in the first criminal probe launched against the embattled property developer since it was hit by a massive debt crisis in late 2021.
2023-09-18 16:25
Japan says one in 10 residents are now octogenarians as nation turns gray
More than 10% of Japan's population is now age 80 or older, the government said Monday, the latest worrying milestone in the rapidly graying country's demographic crisis.
2023-09-18 15:24
China property woes deepen as a big developer suspends debt payments
A major Chinese property company has suspended offshore debt payments, deepening turmoil in the beleaguered sector.
2023-09-15 15:17
China's economic data improves in August, suggesting downturn in growth may be stabilizing
Economic activity in China appeared to improve in August, with data released on Friday suggesting a downturn in growth may be stabilizing.
2023-09-15 12:46
China is huge for chip designer Arm. That's a risk for its new investors
As British chip designer Arm prepares to raise about $5 billion in an initial public offering (IPO) on Thursday, its China business has become a serious point of concern.
2023-09-14 17:50
Taiwan hits back at Elon Musk's claim that it is 'part of China'
Taiwan's Ministry of Foreign Affairs has hit back after Elon Musk called the self-ruled island an "integral part of China."
2023-09-14 16:17
Extreme weather may cost the global fashion industry $65 billion by 2030
Extreme heat and flooding are set to deal a massive blow to the global fashion industry, with four of the world's top garment producing countries at risk of missing out on $65 billion in earnings by 2030, according to a study from Cornell University and investment manager Schroders.
2023-09-14 12:46
Chinese insurance boss sentenced to life in jail for corruption
Wang Bin, the former chairman of one of China's biggest life insurers, will spend the rest of his life in jail after a court found him guilty of corruption.
2023-09-13 17:17
Alibaba's new CEO embraces AI and wants a younger management team
Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history.
2023-09-12 17:47
China's 'Lipstick King' tearfully apologizes after online spat highlighting country's economic woes
One of China's most popular livestreamers has offered a teary apology after getting into a viral online spat in which he questioned whether a viewer had been working "hard enough" to make enough money to afford a product he was selling.
2023-09-12 13:50