Global fund managers are ramping up their presence in China, aiming to be well ahead of next June’s inclusion of mainland-listed stocks into MSCI’s benchmark index that is set to boost investment into the economy’s $8 trillion equity market. Wells Fargo Asset Management, Neuberger Berman, Fidelity International and Robeco are among fund houses sharpening their […]

Tiny Singapore’s telecommunications market may look saturated, but some players are still taking aim at the market. The existing telcos appear to have the island’s population well-covered: The city-state had a mobile penetration rate of nearly 150 percent as of June 2016, with a residential wired broadband penetration rate of 98.4 percent and a wireless […]

As Turkey marks the first anniversary of a military coup aimed at ousting Turkish President Recep Tayyip Erdogan, the leader’s position appears ironclad. Rather than diminish his administration, the unsuccessful takeover of July 15-16, 2016 presented the head of state with a unique opportunity to consolidate power, allowing him to neutralize political opposition, strategists say. […]

China’s top graft-buster launched a scathing attack on the ruling Communist Party’s members on Monday, writing that party political culture remained “unhealthy” and governance weak even after five years of renewed effort to fight the problem. The comments by Wang Qishan, who runs the party’s anti-corruption watchdog, came after sources said a senior official who […]

The dollar tumbled in recent days, but analysts weren’t pointing to weaker-than-expected U.S. inflation data on Friday. Instead, they fingered a “Trump discount” as market-positive aspects of the administration’s agenda appeared to be missing in action. Richard Clarida, global strategic adviser at Pimco, the bond giant with around $1.6 trillion under management, told CNBC that […]

It’s that time again: China’s second-quarter GDP growth beat analyst expectations on Monday, but markets stayed in the red, with little sign of strength even after the numbers surprised. Mainland markets traded in negative territory for the first half of the day, with the Shanghai Composite down almost 2.5 percent at one point and the […]

George A. Romero, creator of the zombie film genre with “Night of the Living Dead” and a series of sequels that left a lasting impact on horror movies, died of lung cancer in a Toronto hospital on Sunday, his business partner said. He was 77. Romero wrote and directed the 1968 classic, in which the […]

Winnie the Pooh has been blacked out from Chinese social media in the lead-up to the country’s 19th Communist Party Congress this fall, the Financial Times reported Sunday. No official explanation was given, but the FT cited observers who said the crackdown may be related to past comparisons of the physical appearance of President Xi […]

The United Arab Emirates orchestrated the hacking of a Qatari government news site in May, planting a false story that was used as a pretext for the current crisis between Qatar and several Arab countries, according to a Sunday report by The Washington Post. The Emirati Embassy in Washington released a statement in response calling […]

The Australian government is seeking to broaden the powers of the country’s prudential regulator to include non-bank lenders as concerns about financial stability take center stage amid bubble risks in the nation’s sizzling property market. A draft legislation released by the government on Monday, if passed, will help the Australian Prudential Regulatory Authority (APRA) dial […]