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For all their national pride and natural boosterism, Chinese officials don’t seem to think much of their own companies. Regulators have sought to limit everything from high-speed trading to short-selling, arguing Chinese firms can’t yet handle the vagaries of modern financial markets. They’re particularly leery of greater transparency, for fear of what might be exposed. Only last week, the China ...

I’m going to wade into the debate over how to value companies that are technology-ish. There are understandable questions about whether mattress startup Casper, home-delivered razor seller Dollar Shave Club or meal-kit company Blue Apron should be valued like their old-guard competitors (meaning cheap) or more like internet companies that are in the business of bytes rather than real-world merchandise. ...

Blue Apron is a company that claims to have “reimagined the traditional grocery business model.” Its recent disappointing initial public offering makes you wonder if investors are losing faith in such ‘reimaginings.’ Perhaps not, but it’s time to ask ourselves whether even some of Silicon Valley’s most vaunted attempts to rethink traditional business processes are sound, and what kind of ...

Bloomberg European stocks started the week on a firm footing, rising for the first time in five days as oil and metal gains spurred energy companies and miners. The dollar strengthened against all of its G-10 peers. Banks also rallied as the Stoxx Europe 600 Index advanced. Crude climbed for an eighth day running, the longest winning streak this year, ...

Bloomberg China’s large-cap stocks fell for a second day as a technical indicator signaled recent gains were overdone. Insurance companies led the retreat. The SSE 50 Index of some of China’s largest companies dropped 0.6 percent at the close. New China Life Insurance Co. slid the most in two weeks to lead insurers lower, while Kweichow Moutai Co. fell the ...

Bloomberg Goldman Sachs Group Inc., the dominant commodities trader on Wall Street, is reviewing the direction of the business after a slump in the first half of the year, according to people with knowledge of the matter. By reconsidering the bank’s long-held view that the downturn in profitability is cyclical and will eventually reverse, Chief Executive Officer Lloyd Blankfein, who ...

JEDDAH / Emirates Business The Islamic Development Bank (IDB), a multilateral development financing institution with 57 member countries as shareholders, is now fully delivering on its mandate to foster socio-economic development among its member countries, thanks in large part to the recent transformation of its core banking technology, using SAP. IDB supports the growing Islamic Finance, with a recent report ...

Bloomberg MYbank, the two-year-old Chinese online lender that already has 3.5 million small-business customers, plans to push deeper into a segment that’s long been shunned by the country’s largest banks. MYbank wants to capitalize on its links to billionaire Jack Ma’s Alibaba Group Holding Ltd. by offering loans to the more than 10 million smaller merchants that use the company’s ...

Bloomberg As global central banks turn increasingly hawkish, the Bank of Japan (BOJ) Governor Haruhiko Kuroda may have to start discussing an exit from its monetary stimulus program by the end of the year, according to Principal Global Investors (PGI), which manages more than $424 billion. Kuroda stood out from other central bankers at the ECB Forum in Portugal last ...

Bloomberg A decade has passed since the start of the financial crisis, but when it comes to handling struggling banks, the European Union still hasn’t moved on. Italy’s taxpayer-funded wind-down of Banca Popolare di Vicenza SpA and Veneto Banca SpA highlighted the patchwork of EU and national laws and guidelines that govern the funneling of public money to banks, despite ...