"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
To millions of Chinese, the enterprising banker from the gritty northern province of Shaanxi is known by the nickname House Sister, and it is not exactly a term of endearment.
On Sunday the woman, Gong Aiai, who was accused of amassing dozens of high-end properties by forging or illegally purchasing documents, was sentenced to three years in prison, according to the state-run Xinhua news service.
(Read more: Fear of missing outfuels China property market)
After her exposure earlier this year by online whistle-blowers, Ms. Gong and her voracious appetite for real estate became a lightning rod for the frustrations of poor and middle-class Chinese who have been priced out of the nation's booming property market.
To many detractors, her case also provided further evidence of how government officials and executives at state-owned enterprises can use their positions to grow unimaginably rich.
Ms. Gong, a former vice president of the Shenmu Rural Commercial Bank, was accused of accumulating 41 apartments in Beijing and several others closer to home by presenting illicitly obtained national identity cards and hukou, the coveted residency permits required when buying residential property. Prosecutors say her real estate portfolio was worth $160 million.
Having multiple identity cards and hukou allows a person to skirt restrictions aimed at dampening real estate speculation and rules that bar out-of-towners from buying property in overheated markets like Beijing. During a brief trial last week, Ms. Gong denied the charges, according to the state news media.
Her downfall follows that of a number of other figures with grotesque spending habits. There was Brother Watch, a midlevel civil servant known for his large collection of luxury timepieces who was convicted of bribery last month, and Grandpa House, a former police chief in Guangdong Province who was accused of using fake identity cards to purchase 192 homes.
Although these and other cases were exposed by muckraking Internet sleuths or rivals of the accused, they have been viewed through the lens of the antigraft campaign started by President Xi Jinping, who has promised to take down "tigers and flies" in his war on self-dealing, bribery and official extravagance.
In September, Bo Xilai, once one of China's most powerful officials, was sentenced to life in prison for crimes that included bribe-taking and embezzlement of funds worth $4.4 million.
Ms. Gong's downfall, however, did little to mollify the public's anger. Writing on the nation's most popular microblog service, Sina Weibo, many people criticized the court for failing to address how Ms. Gong had accrued the money to buy so many properties. Others simply thought the sentence of three years was too short. "The law is like a prostitute," said one posting. "Both the rich and the powerful can have fun with it."