The South Korean coast guard said on Wednesday more than 300 people were unaccounted for missing from a ferry sinking off the southwest coast.» Read More
The carefully staged political pageant that will play out next month in Beijing is not something that Jiang Wenhai, the 40-year old Communist party secretary of Silver Dragon village, spends a great deal of time thinking about. The FT reports.
After three years filled with recalls, limited supply, and a much needed redesign, the Toyota Camry has become the top selling vehicle in the U.S. Experian Automotive analyzed new vehicle registrations during the first half of this year and found 209,000 new Toyota Camry's in the U.S. compared to 202,000 Ford F-150 pick-up trucks. A year ago, Experian listed the F-150 as number one ahead of the Camry.
As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.
With one eye on his BlackBerry and the other on his wristwatch Kevin Faulkner, a senior executive in Deutsche Bank’s IT team, enjoys a quiet lunchtime pint at The Bank, a popular bar on Singapore’s Raffles Quay. The FT reports.
It is no secret that investors of all stripes have struggled to beat the market since the financial crisis. The majority of hedge funds, for instance, have trailed both global stocks and bonds since the start of 2010, meaning that they have not added value to the simplest of portfolios. The FT reports.
The folks at GM headquarters are not happy.
Speculation intensified over the whereabouts of Xi Jinping, China’s presumptive new president, who has been missing from public view.
The United States is suddenly competing for influence over its most stalwart ally in the Middle East, the Global Post reports.
The European Central Bank’s (ECB) much awaited announcement on Thursday that it would buy sovereign bonds in a new program to ease the euro zone debt crisis could help the battered euro reclaim its clout as a major global currency, say analysts.
Most Americans assume that their property insurance covers the full replacement cost of their home. Not necessarily. Check out these dos and don'ts.
The municipal government of Guangzhou, a sprawling metropolis that is one of China’s biggest auto manufacturing centers, introduced license plate auctions and lotteries last week that will roughly halve the number of new cars on the streets. The NYT Reports.
In the next couple of weeks, bondholders will vote on the fate of Covalent Materials, the Japanese technology group formerly known as Toshiba Ceramics, which was the object of a leveraged buyout in 2006. Since then, the company’s earnings have halved as competition from lower cost producers has ratcheted up and the company’s technological edge has become duller. Debt that was sustainable in more profitable times has become too burdensome today, even with Japan’s long-term zero interest rate policy. The FT reports.
A series of unrelated traffic accidents from Bangkok to Beijing has caused vociferous debate about equal justice for rich and poor citizens in Asia.
As evidence has mounted that the economy is slowing, Beijing has kept the world on tenterhooks, delivering none of the big stimulus measures many analysts have predicted.
A leading US figure in bond investment has emerged as Ireland’s single biggest private sector creditor by aggressively buying Irish government bonds. The FT reports.
On August 21, a Chinese fisherman caught a rare fish worth over $475,000. As impressive a haul as that is, it didn’t represent the highest known payday for something caught from the sea.
The Serious Fraud Office has launched a second criminal investigation into Barclays as the agency examines payments the bank made as part of its 2008 Middle Eastern capital raising. The FT reports.
The Department of Transportation and the EPA have locked in the new fuel efficiency rules guiding the industry through 2025.
Thought the global financial crisis in 2008 was caused by subprime bonds, collateralized debt obligations and other Wall Street engineering? Think again.
In a dimly lit ballroom, Myanmar’s investment czar gushed about his nation’s dazzling future to a congregation of foreign investors. Each had paid $1,500 to hear the government’s big pitch: Long an economic basket case, Myanmar is now an investment gold mine.
Get the best of CNBC in your inbox
Bill Maldonado, CIO, Asia Pacific at HSBC Asset Management, discusses expectations for China's first-quarter gross domestic product (GDP).
John Sculley, former Apple CEO and Managing Partner at Inflexionpoint, expects Alibaba to push on with its buying spree after listing in the U.S.
Jeremy Stretch, Head of FX Strategy at CIBC, says mixed economic data from China could weigh on the Australian dollar.