Asia markets were mostly higher in early Thursday trade following the Federal Reserve’s decision to leave interest rates unchanged and ahead of a slew of corporate earnings. Japan’s benchmark Nikkei 225 index edged down 0.07 percent while South Korea’s Kospi advanced 0.52 percent in early trade. In Australia, the S&P/ASX 200 was moderately higher, trading […]

U.S. media company Discovery Communications in the lead to acquire U.S. cable TV network owner Scripps Network Interactive, people familiar with the matter said on Wednesday. Discovery has entered into exclusive talks with Scripps after prevailing over a rival offer from Viacom, another U.S. media company, one of the sources said. While a deal could […]

The circumstances that brought down Malaysia Airlines flight MH370 remain one of the world’s greatest aviation mysteries, but the carrier’s chief executive said he believed a breakthrough can be made within the next four years. The plane, a Boeing 777, was carrying 239 people en route to Beijing from Kuala Lumpur when it vanished from […]

South Korea is in no hurry to set up an advanced missile defense system designed to protect its shores from North Korean aggression despite fears of another intercontinental ballistic missile attack from its northern neighbor. In June, South Korean President Moon Jae-in suspended further installation of the $923 million Terminal High Altitude Area Defense, or […]

Hyundai Motor’s bleak results stretched into a 14th straight quarter as political headwinds continued to drag down sales in China, its biggest market, and higher incentives failed to boost business in the United States. The South Korean firm — which together with affiliate Kia Motors is the world’s No.5 automaker together — has been betting […]

China will turn all big companies owned by the central government into limited liability firms or joint-stock firms by the end of 2017, as Beijing looks to make its state-owned giants more nimble as part of broader reforms of the capital markets. The cabinet said on Wednesday that the restructuring will help the firms to […]

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 […]

After 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 […]

China’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 […]

Global 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 […]