Samsung Group is showing how corporate governance reform in South Korea — despite what had seemed some initial momentum — will be like pulling teeth. Samsung Life Insurance Co is under pressure to sell its stake in Samsung Electronics Co, a holding that’s key to the Lee family’s control of the smartphone and semiconductor giant, Bloomberg News had reported. The ...

A trade war can be fought on many fronts. As China breeds unicorns, they are being asked to stay at home rather than gallop overseas to enrich US investors. The US pipeline of Chinese IPOs has been light since President Donald Trump started making noises about tariffs in early March. The only billion-dollar offering is the pending sale by e-commerce ...

The latest biotech investment craze runs on excitement over Crispr, a technique for making gene editing easier and more precise, which biologists have already used to remove disease-causing genes from human embryos and slow the growth of cancer cells. Although a study published last month raised the possibility that the technology might also cause cancer in human cells, experts think ...

Bloomberg Thailand’s finance minister said the nation can refrain from raising its policy interest rate as the currency has weakened at a slower pace than peers and capital outflows are unlikely to pose a major risk. The baht’s recent drop will help boost incomes for the 30 million Thais in the farm sector, Apisak Tantivorawong said in an interview. The ...

Bloomberg South African lender VBS Mutual Bank, which collapsed in March, paid senior officials at the Public Investment Corp. (PIC) to fast-track funding for the lender, the Johannesburg-based Sunday Times said, citing an affidavit by the bank’s former head of treasury Phophi Mukhodobwane. The bank’s former treasurer was instructed to deliver a suitcase filled with 5 million rand to a ...

Bloomberg Goldman Sachs Group Inc. tapped former Harvard University president Drew Faust as a director, making her the third woman on an expanded 12-member board. Faust, 70, starts as an independent director this month after an 11-year tenure at Harvard, the New York-based bank said in a statement. She will be a part of the governance, public responsibilities and risk ...

Bloomberg The Reserve Bank of Australia (RBA) is among financial regulators globally seeking to ensure payment systems that handle retail transactions are more resilient and secure as fewer people carry cash, Assistant Governor Michele Bullock says. “The resilience of the electronic retail payment systems is becoming quite critical to the smooth functioning of economies,” Bullock, who overseas the financial system ...

Bloomberg SIX, the owner of Switzerland’s securities exchange in Zurich, is creating platform for trading digital assets, boosting a nascent industry that some countries are trying to suffocate. The new platform will offer a “fully integrated, end-to-end trading, settlement and custody service,” the world’s first to do so, the bourse said in a statement. The parent exchange, regulated by Finma ...

Bloomberg As indignation grows over what may be the biggest financial crime saga in modern Danish history, politicians are looking for ways to ensure the country’s largest bank isn’t let off the hook. Danish Business Minister Rasmus Jarlov says he wants to focus more effort on finding out just how much money Danske Bank A/S made on illicit dealings amid ...

Bloomberg Airbus SE CEO Tom Enders ratcheted up his criticism of the UK government over its handling of Brexit talks as PM Theresa May prepares to hold a key meeting of ministers aimed at thrashing out a common position on the issue. May’s administration has “no clue or consensus on how to execute Brexit without severe harm,” Enders said. The ...