Financial Services

Founder of online Chinese lender sentenced to life for fraud

Sep 13, 2017

The founder of a Chinese online lending company was sentenced to life in prison after his company defrauded depositors of $7.7 billion in one of China's biggest financial scams

More students attend 2nd year of Schwarzman China program

Sep 8, 2017

A study program at an elite Chinese university that was inspired by the Rhodes Scholarship is entering its second year with an endowment of more than $500 million and more participants

Asian shares mixed ahead of Korean drills, banker meeting

Aug 21, 2017

Asian stocks are mixed as investors monitored joint military drills between U.S. and South Korean forces and awaited a key meeting of central bankers later this week

India's central bank cuts key lending rate to 6 percent

Aug 2, 2017

India's central bank has cut its key interest rate by quarter of a percentage point, raising hopes of lower borrowing costs for households as inflation ebbs

HSBC reports higher profit, plans $2B more in share buybacks

Jul 31, 2017

HSBC plans to buy back another $2 billion in shares after reporting strong earnings for the latest quarter.

Global stocks rise on corporate earnings, ahead of Fed

Jul 26, 2017

World stocks rise on generally positive corporate earnings reports, ahead of Federal Reserve's interest rate decision

AMC tries to distance itself from parent Wanda's troubles

Jul 19, 2017

U.S. cinema chain AMC says Chinese parent Wanda Group's finances not a problem

Global stock markets advance after Wall Street gains

Jul 10, 2017

Major global stock markets have risen following Wall Street's gains ahead of U.S. corporate results and public comments from the chair of the Federal Reserve

Asian stocks higher following Wall Street gains

Jul 10, 2017

Most Asian stock markets have risen following Wall Street's gains as traders look ahead to U.S. corporate earnings and public comments from the chair of the Federal Reserve

China sovereign fund buys European warehouse company

Jun 3, 2017

China's sovereign wealth fund is buying a European warehouse company in a 12.25 billion euro ($13.8 billion) deal, adding to a growing string of Chinese acquisitions in Europe

Financial Markets

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