Chinese companies changing direction and expanding rapidly overseas should “raise red flags” to global investors, one asset manager at a China-based investment firm told CNBC. Speaking specifically about conglomerate Dalian Wanda Group, Lei Jing, a fixed income chief investment officer at Beijing-based Harvest Fund Management, said he wasn’t at all surprised about recent events. A […]

S&P Global Ratings downgraded China’s long-term sovereign credit rating by one notch on Thursday to A+ from AA-, citing increasing risks from the country’s rapid build-up of credit. “The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China’s economic and financial risks,” S&P said in a statement, adding that […]

More than sloppy cybersecurity measures, the massive data breach uncovered at Equifax revealed inherent flaws in the U.S.: the over-reliance on Social Security numbers credit reporting system in need of reform. The Social Security number is a “chief means” of identifying and gathering information about an individual, according to website of the Social Security Administration. […]

As the world’s second-largest economy threatens military action in the South China Sea, oil and gas players with interests in the disputed zone are put in a bad place. That was the case for Spanish energy firm Repsol. In July, its subsidiary Talisman-Vietnam was ordered by Hanoi to stop gas drilling in a China-claimed area […]

Indian Prime Minister Narendra Modi faces a daunting challenge as his administration looks to deport Rohingya refugees while fending off international criticism — a balancing act expected to test New Delhi’s superpower aims. Escaping what the United Nations has called “ethnic cleansing” in Myanmar’s northwest state of Rakhine, thousands of Rohingya — a Muslim-majority ethnic […]

The Bank of Japan is likely to end its two-day rate review on Thursday with no change in monetary policy as the country’s inflation rate remains way below target despite an improving economy. Central banks are signaling a gradual rollback of massive stimulus from the aftermath of the Global Financial Crisis, but the BOJ may […]

A man who worked as a baggage handler at Singapore’s Changi Airport swapped tags on hundreds of bags, sending the luggage to the wrong destinations, the Straits Times newspaper reported. Tay Boon Keh, a 63 year-old working as a baggage handler for a sub-contractor of the Changi Airport Group, was charged in court on Tuesday […]

Start-ups are opting for private investment rounds and are shying away from the public scrutiny of the global capital markets, but one fund manager says he knows the solution. “Quite frankly, there is no profit to be made for the banks for having companies go public under a three- or four-billion dollar valuation,” said Jeff […]

Both the dollar and U.S. Treasury yields spiked following big news out of the Federal Reserve. The Fed announced Wednesday it would start winding down its $4.5 trillion balance sheet in October. While the Fed left interest rates unchanged — as was widely expected — it indicated that one additional rate hike was probable this […]

Uber Technologies Inc, which is the subject of a U.S. federal probe into whether it broke bribery laws, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter told Reuters. The review comes after Uber said in […]