NAB, Australia's top lender by assets,said it plans to raise A$5.5 billion in a rights issue as it looks to demerge and float its troubled British unit.
A Wall Street sibling duo left the finance world to launch YOGASMOGA, a yogawear company that celebrates the culture behind yoga.
China is asserting control over local government financing by filling the gap with a huge expansion of the fledgling municipal bond market.
China's third quarter gross domestic product report delivered an upside surprise, helping calm investor nerves over the faltering global recovery.
The dollar index briefly trimmed its earlier gains on Tuesday after weaker-than-expected home price data in July raised doubts about the U.S. economy.
Goldman Sachs is the latest bank to slash its growth outlook for China as weak economic activity triggers fresh concerns of over slowing growth.
Economists expect Beijing to turn on the stimulus taps to prop up the economy following a sharp deceleration in activity growth in August.
Sinopec is selling a $17.4 billion stake in its retail unit as the country reforms its sprawling state-owned enterprises. The Financial Times reports.
Jiang Lu is the proud owner of a 450 square foot apartment. She invested her life savings and took advantage of easier mortgages to buy her new home.
China's debt has soared to two and half times its economy from 147 percent at the end of 2008, Standard Chartered estimates.
The Aussie – which appeared to be on course for a return to parity with the U.S. dollar just days ago – is set to end the year below $0.90.
Medtronic is buying Covidien in a $42.9 billion agreement that could increase concerns about the rush of U.S. companies striking deals to cut their tax bills.
The yuan, which saw its biggest weekly jump in 2½ years last week, is set to continue on its appreciation path, say strategists.
China will manage its property sector at a local level as it seeks to avoid either a slowdown that undermines the economy or a surge in prices.
Two key questions dominate Twitter's initial public offering: where will it list, and how much will it float?
Wall Street banks have hired children of Chinese officials in the hopes that they can open doors and secure deals in the world's fastest-growing economy.
Industry heavyweights -- in finance, technology, real estate, media -- weigh in on the one issue, innovation or event they think will change the world in 2013.
India's BSE Ltd, the former Bombay Stock Exchange which has lost market share to rivals, has chosen 14 banks for a share offering planned for the first half of 2013.
The recent wave of cyberattacks targeting major U.S. banks has cast doubt onto the effectiveness of security infrastructure within the online banking sector. Though worrisome, there is a potential beneficiary set to gain from this threat, explains one analyst: the cyber security industry.