U.S.-based Global Eagle Entertainment said a $416 million investment pact made last year with a unit of Chinese conglomerate HNA Group has been called off after failing to receive regulatory approval. Global Eagle, in a securities filing late on Tuesday, said the companies did not secure approval from the Committee on Foreign Investment in the […]
Read moreAfter battling stresses from a floundering oil and gas sector over the past year, banks in one of the world’s financial capitals are seeing a bright spot emerge: a booming property market. The increase in home buying activity in Singapore has boosted demand for loans, recent data indicated. And the banks’ upcoming second-quarter financial reports […]
Read moreChina’s securities regulator said Wednesday it will regulate and expand access to capital markets for all types of investors, while also encouraging more long-term institutional participation. The China Securities Regulatory Commissions said in a post on its website that it will maintain “normalization” of initial public offerings, improve the delisting mechanism and steadily expand the […]
Read moreGlobal policymakers may finally be able to spur long-sought inflation, if they just wait. That’s because across the globe, the post-World War II baby boom generation is getting ready to leave the workforce in droves, potentially spurring what many economists have said is the missing link: Wage growth. Maurice Obstfeld, economic counselor and director of […]
Read moreWhen a brutal, communist dictatorship is able to attract tourists, the most obvious question is: Who? North Korea was isolated further Friday as the United States that it will ban its citizens from visiting the country. Given the worrying headlines that consistently swirl around the Democratic People’s Republic of Korea, common sense suggests that you’d […]
Read moreThe diamond industry is expected to grow in coming years on strong demand from China, India and the U.S., but there is a key hurdle ahead: millennials. Speaking with CNBC’s “Street Signs” last week, Charles Rosario, senior vice president of Lazare Diamonds, reflected on the role the millennial generation — broadly defined as those born […]
Read moreChina’s military has set up a new department modelled on the Pentagon’s hi-tech research agency to develop state-of-the-art weapons such as stealth aircraft and electromagnetic cannons. The Scientific Research Steering Committee was set up early this year, according to a documentary aired on state broadcaster CCTV that revealed the new department for the first time. […]
Read moreThree years ago, Ferly Aninditya’s stall at a Jakarta food court was losing money. Deterred by the Indonesian capital’s paralysing traffic, few customers were prepared to come to him. But that was before he teamed up with Go-Jek, the ride-hailing motorbike service that delivers everything from meals and groceries to cleaners and hairdressers across Jakarta, […]
Read moreUber and Lyft want to help you satisfy your fast-food cravings faster. Lyft on Tuesday announced a partnership with Taco Bell, allowing people to add a Taco Bell stop their ride. They’re calling it “Taco Mode.” The company is testing out “Taco Mode” as a pilot in Orange County, California from July 27 to 29 […]
Read moreAsia markets will open for trade on Wednesday following the firmer lead on Wall Street Tuesday and as oil prices rose more than 3 percent overnight. Oil prices soared overnight after major U.S. oil producer Anadarko announced plans to reduce capital spending due to lower oil prices. Market sentiment was also boosted when de-facto OPEC […]
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