Bank of Japan policymakers agreed that the amount of government debt purchases will fluctuate under its quantitative easing program, minutes of the central bank’s April 26-27 policy meeting showed on Wednesday. Members also said such fluctuations do not pose problems for the BOJ’s guidance on its market operations, the minutes showed. Policymakers also expressed more […]

House Speaker Paul Ryan is warning against watering down the sweeping overhaul of the nation’s tax code he laid out a year ago and calling on Washington to enact permanent reforms this year. Tuesday’s speech is intended to mark the start of Ryan’s concerted campaign for what an aide called the “crown jewel” of the […]

North Korea‘s missile and nuclear tests, its carefully scripted propaganda bluster, even its military threats: Far from the scattershot workings of a madman, most of this fits the playbook of a small, proud country well used to stoking tensions to get concessions it would otherwise not receive from surrounding big powers. What happened to Otto […]

The Master of Finance (MF) Program of the Shanghai Advanced Institute of Finance (SAIF) at Shanghai Jiao Tong University has been recognized as one of the best in the world, according to a ranking by the Financial Times published today. In the Financial Times’ 2017 tabulation, SAIF’s MF program was ranked No 1 in Asia […]

India’s home-grown instant messaging service Hike on Tuesday announced wide-ranging updates to its app, including a new mobile wallet that lets users send and receive money instantly. The Hike Wallet has several features, including a linkage to the government-backed unified payments interface that allows free and instant bank-to-bank money transfer, even if the recipient does […]

In a show of commitment to a more open market, China’s central bank governor on Tuesday criticized protectionism in the country’s financial sector just hours ahead of MSCI’s decision on whether to include Chinese mainland shares to its benchmark emerging markets index. “From the experience of many countries, including our own, protections will lead to […]

Billionaire Li Ka-shing, nearly 89 years old, plans to retire as chairman of conglomerate CK Hutchison by next year, the Wall Street Journal reported on Tuesday, citing people briefed by the storied businessman. His son, Victor Li, the company’s deputy chairman, has been tapped as his successor at the conglomerate, the report said. CK Hutchison […]

In the latest saga of the family feud dominating Singaporean politics, Prime Minister Lee Hsien Loong has announced he will be answering questions in parliament to clear the air amid abuse of power allegations. Nearly a week after his siblings publicly denounced him for engaging in dynasty politics, the PM has urged all members of […]

The 165 year-old Bank of the Philippines Islands counts Philippines conglomerate Ayala and Singapore sovereign wealth fund GIC among its major shareholders. BPI says that a major system glitch led to customers getting hit by unauthorised money withdrawals and deposits. The problem is that the transactions reached up to thousands of pesos.  Some users claimed on social media that […]

  Their effervescence makes Australia’s supposedly bubble-like market look like a beer left out in the sun for a couple of days. Prices in first tier cities like Shenzhen have tripled over the past five years, while the Shanghai market is up almost 100 per cent in the same time. Having encouraged the boom, policy […]