In May 2019, China's central bank announced a shock takeover of a lender, its first such move in 20 years, citing "serious credit risks". Creditors in small Baoshang Bank were to take a hit, assets would be sold and an example set for governance.
Taiwan Semiconductor Manufacturing Co Ltd's planned factory in the United States is "definitely in line with" the company's interests, Chairman Mark Liu told investors on Tuesday.
Oil prices climbed on Tuesday, paring losses from the previous session, as markets broadly rose on growing confidence in a global recovery with pandemic lockdowns easing.
WASHINGTON: The coronavirus pandemic inflicted a "swift and massive shock" that has caused the broadest collapse of the global economy since 1870 despite unprecedented government support, the World Bank said on Monday (Jun 8). The world economy is expected to contract by 5.2 per cent this year ...
International Business Machines Corp will no longer offer general purpose facial recognition or analysis software, new Chief Executive Officer Arvind Krishna said in a letter to the members of the United States Congress on Monday.
Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping.
Some suspect that many governments are underreporting deaths, but this is an unlikely explanation, says an observer.
North Korea’s clever tactics will continue to earn the country income, despite fresh efforts from the US to clamp down on money laundering, says Steven Borowiec.
Macy's Inc said on Monday it raised a total of US$4.5 billion, including US$3.15 billion in asset-based credit, as the department store chain tries to navigate through the fallout from the COVID-19 pandemic.
WASHINGTON, DC: The US Federal Reserve on Monday (Jun 8) once again announced changes to its Main Street Lending Programme to reach more companies struggling to deal with the damage done by the coronavirus shutdowns. The facility, which has not yet launched, once again slashed in half the minimum ......
