A pedestrian walks in front of Citibank’s office in the financial district of Makati suburban Manila … [+] on November 18, 2008. Asian shares fell November 18 on mounting fears of an extended global recession after US banking giant Citigroup announced 50,000 job cuts, about 20 percent of its global workforce from its peak level… More
Mukesh Ambani attends the India Mobile Congress 2018 in New Delhi on October 25, 2018. CHANDAN KHANNA/AFP via Getty Images A unit of Reliance Industries, controlled by tycoon Mukesh Ambani, said it will invest up to 16.7 billion rupees ($220 million) to team up with U.S.-listed Sanmina to build an electronics manufacturing hub in India. … More
Alibaba-invested e-commerce firm Huitongda went public at the Hong Kong Stock Exchange today. … [+] Photographer: Roy Liu/Bloomberg © 2020 Bloomberg Finance LP Alibaba-backed Huitongda Network rose on its debut at the Hong Kong Stock Exchange today, lifting the fortune of its billionaire chairman Wang Jianguo. Shares in the provider of retail supply chain services… More
A Crown Resorts logo at the entrance to the Crown Melbourne casino and entertainment complex in … [+] Melbourne, Australia, on Wednesday, March 24, 2021. Carla Gottgens/Bloomberg Star Entertainment Group said Friday it pulled its proposed merger with Crown Resorts—controlled by billionaire James Packer—amid allegations of tax evasion and lax money laundering controls at Crown’s… More
Fintech companies in the Philippines are seeking to expand its digital banking services, as the … [+] country’s central bank starts to issue relevant licenses. getty Voyager Innovations said it has raised $167 million to accelerate the expansion of fintech unit PayMaya Philippines, as the company seeks a digital banking license from the country’s central… More
Indonesia will be a key battleground for Southeast Asian tech platforms and digital banks. getty Much of the digital banking conversation in Asia thus far has centered on Hong Kong and Singapore. They have been the most proactive in the region about establishing digital banks and their importance as financial centers means that neobanks in… More
Richard Li attends the Milken Institute Global Conference in Los Angeles, California. Jonathan Alcorn/Bloomberg FWD, the Asian insurer backed by Hong Kong billionaire Richard Li, has filed confidentially for an initial public offering in the U.S. PCGI Intermediate, which is FWD’s holding company, said on Thursday that it has submitted a draft registration statement to… More
Cheng Wei, CEO of Didi, attends a launch event of D1 electric vehicle on November 16, 2020 in … [+] Beijing, China. Xin Yue/Huanqiu.com/VCG via Getty Images Didi Chuxing, the Chinese ride-sharing giant, has filed for an initial public offering in the U.S. that looks set to be one of the largest listings of the year.… More
People visit Taiwan Semiconductor Manufacturing Company (TSMC) booth during 2020 World Semiconductor … [+] Conference at the Nanjing International Expo Center on August 27, 2020 in Nanjing, Jiangsu province, China. Fang Dongxu/VCG via Getty Images As we ring in the new year, Asian companies should consider better environmental disclosure, including exposure to risk from the… More
President Donald Trump listens to a reporter’s question in the Oval Office of the White House, on … [+] December 7, 2020, in Washington. AP Photo/Patrick Semansky President Donald Trump on Friday signed legislation that could remove Chinese companies from U.S. exchanges if American regulators are not allowed to review their financial audits. The “Holding… More
The X-2 advanced technological demonstrator plane of the Japanese Air Self-Defence Force takes off … [+] at Komaki Airport in Komaki, Aichi prefecture, central Japan, on April 22, 2016. The stealth demonstrator succeeded in the first test flight. / AFP / JIJI PRESS / JIJI PRESS / Japan OUT (Photo credit should read JIJI PRESS/AFP… More
Hindustan Times via Getty Images Physical place is often a powerful influence on entrepreneurs. One thinks of Steve Jobs growing up in the suburbs south of San Francisco. The unique mashup of cultural rebels and computer geeks inspired Jobs to locate Apple at the intersection of science and art. It’s still the Apple address. The… More
“It’s a bit weird one of the biggest exchanges in the world isn’t letting us withdraw money for so long,” said one crypto Twitter user. Major exchange OKEx suspended crypto withdrawals on Oct. 16. With little information coming from the firm or its CEO Jay Hao in the time since, users have begun demanding answers… More
OKEx founder Star Xu was reportedly questioned by police a week ago. The founder of major global cryptocurrency exchange OKEx has been reportedly questioned by authorities previous to OKEx suspending cryptocurrency withdrawals.OKEx founder Mingxing Xu, also known as Star Xu, has reportedly been questioned by the police, Chinese news agency Caixin reported today. According to… More
U.S. Trade Representative Robert Lighthizer walks with Chinese Vice Premier Liu He and Treasury … [+] Secretary Steven Mnuchin. Shanghai 2019. NG HAN GUAN/AFP via Getty Images The United States Trade Representative has just made a sharp reversal, declaring that the traditional model of trade liberalization—working with like-minded countries—was dead, and asserting countries instead should… More
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