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A $2 billion fraud at India's Punjab National Bank may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, an internal report said. » Read More
David Wilson of Capgemini Financial Services says China, Japan and India all showed solid gains among high net worth individuals in 2017, led by stock market rallies and diversified investments. » Read More |
By: Vikram Barhat
Elon Musk has a history of discussing strategic plans on Twitter and, in a recent comment, seemed to hand control of the electric-car company's India strategy to CFO Deepak Ahuja. » Read More |
SoftBank Group has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday. » Read More |
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State-run Chinese newspapers crowed about a weekend meeting of a regional security bloc hosted by China, painting it as a harmonious, anti-protectionist counterpoint to the G-7 summit in Canada that was marred by acrimony.
Uber and Lyft each want to be the all-encompassing transportation platform of the future, shepherding people around the world through whatever means is best suited.
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The cluster of tiny atolls is viewed as politically drifting away from Delhi and toward Beijing.
William Courtney of the RAND Corporation says China and Russia have some mutual interests but "too much jealousy" exists between the two countries to call their partnership an alliance.
Consumers in India will spend $32.7 billion shopping online this year, a 31 percent increase on last year's figure, according to eMarketer.
Philip Morris International plans to launch a nicotine-vapor producing iQOS smoking device in India, sources familiar with the matter told Reuters.
Charu Chanana of Continuum Economics says the Reserve Bank of India had to make a "pre-emptive move" to raise rates for the first time in four years as inflation pressures from higher oil prices grow.
While higher oil prices were a factor for the Reserve Bank of India's rate hike, more increases ahead will be linked to strong economic growth and pressure on core inflation, says Shilan Shah of Capital Economics.
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Sean Taylor of DWS says concerns over trade and economic policies globally could weigh on emerging market currencies in particular.
Bangkok is up next, potentially followed by Manila and Kuala Lumpur, according to a manager at the company.
Radhika Rao of DBS says the Reserve Bank of India may move to hike interest rates today at its policy meeting to make a preventive move on inflation.
Medha Samant of Fidelity International says the "emergence" of China will help Asia's emerging markets, though elections ahead in several countries could see the emergence of populist policies.
Amazon was also reportedly eyeing a bid for Flipkart to bolster its already sizable India business.
Any extra capital would help stave off a threat from Walmart, which last month took a majority stake in Indian e-commerce giant Flipkart.
CNBC's Arjun Kharpal and Elizabeth Schulze discuss which countries are pioneering fintech.
Alipay Head of EMEA Li Wang speaks about the growth of financial technology in China and other regional markets.
