Credit Suisse, UBS have boosted capital positions: SNB
Switzerland’s biggest banks, UBS and Credit Suisse, have improved their capital positions but must strengthen their crisis planning, the Swiss National Bank said on Thursday,...
Seeking shelter from trade war, fund managers bet on China’s consumers
China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese...
India’s Reliance Capital calls auditor’s observations ‘baseless and unjustified’
Reliance Capital Ltd said on Thursday the observations of PricewaterhouseCoopers (PwC) about its fiscal accounts were “completely baseless and unjustified”, a day after the auditor...
China’s Vice Premier Liu calls for more measures to support economy
Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting...
KKR to sell Korea-based KCFT to SK Group affiliate for $1 billion
U.S. private equity investor KKR & Co Inc said on Wednesday it is selling Korea-based KCF Technologies (KCFT) to SKC, an affiliate of South Korean...
Hong Kong leads Asian stocks lower, oil near five-month lows
Asian shares were led lower on Thursday as the Hong Kong market fell for second consecutive session following a day of massive street protests, while...
Asian stocks subdued, oil near five-month low on U.S. inventory build
Asian stocks stuttered on Thursday, dogged by the uncertainty over an intractable U.S.-China trade dispute, while oil prices flirted with five-month lows thanks to higher...
Morgan Stanley wants majority stake in Chinese joint venture: CEO
Morgan Stanley wants to obtain majority ownership of a joint venture in China, but regulators there have not signed off on the idea, Chief Executive...
Trump leaves China tariff deadline open, calls relationship ‘testy’
U.S. President Donald Trump declined to set a deadline on Wednesday for levying tariffs on another $325 billion of Chinese goods and called the relationship...
Republican senator criticizes potential dual U.S. antitrust tech probes
The Republican chairman of the Senate’s antitrust panel criticized plans by the Justice Department and Federal Trade Commission to potentially investigate four of the biggest...
