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Innovators lead MEFTECH with financial market solutions

Abu Dhabi / Emirates Business A collection of innovative and ‘disruptive’ financial startup organisations are set to descend upon Abu Dhabi to showcase technological products that will transform the way businesses and individuals interact with financial services. The FinTech pavilion, a feature of the upcoming MEFTECH 2016 exhibition and conference, will provide six growth stage startups with an opportunity to ...

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Japan Inc. cuts wage hikes as Abe’s efforts to bolster economy falters

Tokyo / Bloomberg Japan’s major companies are giving lower wage increases next fiscal year as Prime Minister Shinzo Abe’s efforts to boost the economy falter. Toyota Motor Corp. agreed to increase monthly base salaries 1,500 yen ($13) in the year beginning April, according to a statement from the company on Wednesday. That compares with a 4,000 yen hike this fiscal ...

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Chinese economy won’t suffer ‘hard landing’, assures premier Li

Beijing / AFP China’s economy will not suffer a “hard landing”, Premier Li Keqiang said on Wednesday, stepping up Beijing’s charm offensive to reassure investors that the government can manage slowing growth. “We have long-term confidence in the Chinese economy and this confidence isn’t without a foundation,” Li told his once-a-year press conference at the end of the National People’s ...

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