The key to building a successful start-up is understanding the value of time, according to 29-year-old Kavin Bharti Mittal, who is founder and CEO of Indian messaging platform Hike Messenger. Mittal started Hike in 2012 as an instant messaging app that has now evolved into a platform offering various services, including payments and news. The […]
Read moreChina 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 […]
Read moreCurrency, United States Finance
Venezuela enters crisis week as vote for new constituent assembly approaches
Venezuela’s President Nicolas Maduro is pressing ahead with a controversial election to form a new government that opponents and analysts fear will damage the country’s democracy and allow him to cement his leadership. The election for the National Constituent Assembly (ANC) will be held on Sunday, July 30, and opposition leaders are planning a week […]
Read moreU.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. […]
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