7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company
Seven & i Holdings has rejected the takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying the offer “is…
China’s central bank says risks from local government debt have dropped
BEIJING — China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said…
Singapore’s monetary authority sets up review group in bid to revive its equities market
Singapore’s central bank established a task force to bolster the city-state’s stock market. The Monetary Authority of Singapore announced that…
China’s Communist Party removes ex-foreign, defence ministers from top body
China’s Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on…
U.S.-China tensions are not a ‘new Cold War,’ veteran Singapore diplomat Bilahari Kausikan says
While some may characterize tensions between the U.S. and China as a “new Cold War,” Bilahari Kausikan, Singapore’s former permanent…
Japan is worried about another ‘transactional’ Trump presidency, Tokyo-based expert says
There is a lot of uncertainty in Japan about the next few years as a “transactional” Donald Trump’s possible return…
China’s inflation numbers miss expectations, rising 0.2% in June
BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices…
Financial crimes watchdog removes Turkey from money laundering ‘gray list’
The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on Friday…
Cisco is ‘very optimistic’ about its expanding business with China EVs
DALIAN, China — Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas,…
Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its…
