Taiwanese president Tsai Ing-wen said on Wednesday that the country aims to become an Asian financial and asset management hub and would thus be opening up its economy more and offer more financial products.   This move was made by the island state at a time when there is huge political...

In a provisional “potential” loss in loans across these banks could go up to “$22 billion” whereby leaving the previous “analyst forecasts” behind and ramping up pressure on selling shares which already took a beating due to the ongoing global pandemic. The second quarter looked gloomier to the...

Indian Prime Minister Narendra Modi said the country has succeeded in containing the coronavirus pandemic and announced $ 1.46 trillion in infrastructure projects to support the economy, the Associated Press reports. During his speech on the occasion of the 74th anniversary of India's independence...

Expectations of a modest rise in retail sales in China as dashed in July with consumers deciding not to spend on retail potentially because of their continued worries of the novel coronavirus pandemic. There was also slow progress in recovery for the factory sector in the second largest economy of...

Plans of launching of a spot trading platform for low carbon aluminum as well as a register where producers can voluntarily log their metal’s carbon-related details with the aim to support sustainable metal production was outlines by the London Metal Exchange on Thursday.   While the plan...

The United States will put an end to its current policy of taking restrictive and discriminatory measures specifically targeted against Chinese companies in the US, hopes China.    The country’s Assistant Minister of Commerce Ren Hongbin said on Thursday that Beijing also hopes that the...

For three months Morgan Stanley has been barred from participating in bond deals informed the AFT. Morgan Stanley has been suspended by the treasury of France for three months, barring it from “bond deals”. Some “past deals” happens to be behind this ban on Morgan Stanley, as cited by the state...

Results of a new survey conducted by the United States- China Business Council show that there are only a handful of American companies that are doing business in China believe that the Phase 1 deal signed by President Donald Trump with China would be worth the cost that they have had to incur the...

The United Kingdom reported its worst ever quarterly drop for the second quarter with a 20.4 per cent slump in its Gross Domestic Product (GDP). This pushed the country into the worst recession being encountered by any major economy.   The second quarter cash in UK’s GDP compared to the...