HSBC defeats proposal to spin off its Asian business at contentious shareholder meeting
Banking giant HSBC on Friday defeated a proposal, backed by its largest stakeholder Chinese insurer Ping An, to consider spinning…
House China committee targets top clothing brands in forced labor inquiry
WASHINGTON — A House committee examining the U.S. government’s economic relationship with China is asking some of the world’s largest…
India’s ties with Russia remain steady. But Moscow’s tighter embrace of China makes it wary
India’s relationship with Russia remains steadfast as both sides seek to deepen their economic ties. But Moscow has also grown…
Crypto exchange owned by embattled conglomerate Digital Currency Group loses top global exec
Vijay Ayyar, a senior executive at cryptocurrency exchange Luno and one of its earliest employees, is leaving the company. Ayyar,…
Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers
Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is…
China says it respects ex-Soviet nations after envoy’s ‘unacceptable’ comments on sovereignty
China said Monday it respects the independence of former Soviet nations after remarks by its ambassador in France were deemed…
A recession is coming — and stock markets won’t come through it unscathed, strategist says
The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview…
No shield for Trump in rape accuser’s case as court declines to rule
A Washington, D.C., appeals court on Thursday declined to shield Donald Trump from the first of two civil defamation lawsuits by E. Jean Carroll, a writer…
Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity
Warren Buffett said he was “confounded” by the opportunity to buy into five Japanese trading houses two years ago. “I…
