South Korea doesn’t need another rescue from the International Monetary Fund (IMF), but it is stuck and does need a new model. News hasn’t been great lately for the nation, sandwiched between slower growth in China and Japan. Gross domestic product (GDP) shrank last quarter in what was probably a shock, not just to economists who anticipated a small increase, ...

China’s banks doled out a fifth more loans in the first quarter than a year earlier, so profit increases shouldn’t be surprising. What’s striking is just how small – and similar – those gains are. The Industrial & Commercial Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp. and Bank of Communications Co. posted higher net income. ...

The way the cost of financial misconduct has been rising globally, a $158 million fine may seem like loose change. However, the Securities & Exchange Board of India has delivered much more than a slap of the wrist with its disgorgement order against the National Stock Exchange of India Ltd. over an algorithmic trading scandal. Including five years of interest ...

There’s a familiar refrain in Australia when public discussion turns to the country’s eye-wateringly expensive housing market: Foreigners are to blame. Public figures from former Prime Minister Tony Abbott to populist entrepreneur Dick Smith to far-right Senator Fraser Anning all agree that immigration is a key reason why the country’s homes are some of the world’s priciest. At the same ...

Warren Buffett has repeatedly said he was an “idiot” for not buying stock of Amazon.com Inc. when the company was younger and its share price was lower. Now comes news that his Berkshire Hathaway Inc. plopped some shares of the e-commerce giant in its shopping cart, at a time when Amazon is shedding some but not all of the characteristics ...

All it takes is a quick trip to Jakarta to realise that Uber Technologies Inc. missed out on the opportunity of a lifetime. Go-Jek Indonesia PT and GrabTaxi Holdings Pte, which started out as copycats of the US ride-hailing pioneer, have morphed into something far grander. Not only are their main car-hire businesses thriving, the companies have turned into super-apps ...

Bloomberg Equities slumped globally and Treasury futures climbed with other haven assets after President Donald Trump’s threat to increase tariffs on Chinese imports called into question the chances of a resolution to the trade war. The yen rose while crude oil slid. Futures on the S&P 500 index sank as much as 2.2 percent, signalling a punishing start to the ...

Bloomberg Indian equities joined Monday’s sell-off across risk assets amid worries that a fresh spat between the US and China may delay the widely-anticipated trade truce between the world’s two biggest economies. The S&P BSE Sensex declined 0.9 percent to 38,600.34 at the close in Mumbai, falling for a fourth consecutive session, its longest losing streak since February. The NSE ...

Bloomberg Chinese tech and telecom stocks were the hardest hit on Monday as two tweets from US President Donald Trump soured the outlook on trade talks and sent global markets plunging. A gauge of information technology stocks dropped 5.8 percent, the most since July 2015, leading the MSCI China Index lower. Telecom equipment maker ZTE Corp tumbled as much as ...

Bloomberg China’s banking regulator has told the nation’s major lenders to accelerate recognition of nonperforming loans, as officials seek to bolster the quality of lending, according to people familiar with the matter. The China Banking and Insurance Regulatory Commission in recent weeks used so-called window guidance to inform banks with nationwide operations that they must classify corporate loans overdue for ...