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Finance


Former Zurich Insurance CEO commits suicide

FORMER Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich’s finance chief took his own ...

May 31, 2016, Tuesday


Lenders help share index to close up

SHANGHAI stocks edged up yesterday, helped by banks while transport and property shares sank as uncertainty over monetary policy clouded trading sentiment. The Shanghai Composite Index added 0.05 percent, ...

May 31, 2016, Tuesday


Suspension on banks, realtors over

THE Shanghai Office of the China Banking Regulatory Commission has allowed business between commercial banks and six real estate agencies to resume after a one-month suspension in an effort to normalize ...

May 31, 2016, Tuesday


Firm may relist in Shanghai

CHINA’S Dalian Wanda Group is offering US$4.4 billion in cash to buy out Hong Kong-listed unit Dalian Wanda Commercial Properties, part of a plan to take it private before relisting it in Shanghai where ...

May 31, 2016, Tuesday


Chinese demand propels price of Bitcoin by 30%

THE price of Bitcoin hit a two-year-high and grew about 30 percent in the past week in China due to a flood of new Chinese investors as well as a drop in supply of Bitcoins from July and an easing investment ...

May 31, 2016, Tuesday


Banks’ NPLs rise in Q1

Chinese banks saw their bad loans rise in the first quarter due to a slowing economy, but the risks were controllable, the China Banking Regulatory Commission said yesterday....

May 30, 2016, Monday


Luxury brands struggle to lure ‘Millennials’

SEDUCING hyper-connected “Millennials” poses an increasing challenge for luxury brands, which find their markets slowing as young, skeptical consumers force them to rethink strategies. Goldman Sachs ...

May 30, 2016, Monday


Abe aims to delay sales tax hike until October 2019

JAPANESE Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said yesterday, as the economy sputters and Abe prepares for a national election. Abe ...

May 30, 2016, Monday


Shanghai stocks end lower for 6th week

SHANGHAI shares ended lower for a sixth straight week yesterday as investors showed little appetite for trading amid weak industrial data and a lack of policy support. The Shanghai Composite Index closed ...

May 28, 2016, Saturday


Bourses tighten rules on trading breaks

CHINA’S two stock exchanges yesterday announced stricter rules on trading suspensions by listed companies, a move that is expected to increase the chances of A shares’ inclusion in the MSCI indexes. According ...

May 28, 2016, Saturday


 

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