Asia Economy

China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche

China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a…

White House to detail plans restricting some U.S. investments in China: source

The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require…

China’s consumer prices fall for the first time in 2 years, as fears of deflation grow

BEIJING — China reported inflation data for July that pointed to a modest improvement from June. The consumer price index…

China’s the top importer of Ukrainian grain, and could save the Black Sea deal

WASHINGTON — The United States and its Western allies are looking to China to help resolve the calamitous domino effect of Russia’s…

HSBC net profit more than doubles in the first half, announces $2 billion share buyback

HSBC’s net profit more than doubled to $18.1 billion in the six months ended June, a sharp spike compared to…

Why substituting cryptocurrency for gold exposure may be a costly mistake

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s…

The Bank of Japan just shocked markets with a policy tweak — here’s why it matters

The Bank of Japan announced Friday “greater flexibility” in its monetary policy — surprising global financial markets. The central bank…

Singapore’s UOB expects ‘some upside’ to interest income after Fed rate hike

Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve…

BlackRock returns to India, joining forces with Indian tycoon Mukesh Ambani’s financial arm

BlackRock has joined forces with the financial services arm of India’s tycoon Mukesh Ambani in what’s been referred to as…

Senate passes toned-down bill to increase oversight of investments in Chinese technology

The Senate overwhelmingly backed legislation Tuesday that would require U.S. firms to notify the Treasury when investing in advanced Chinese…