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China’s money market fund assets hit record high

AssetsmanagedbyChina'smoneymarketfundshavehitarecordhighassavers'demandsforhigherreturnsoninvestmentremainstrong,latestdatashowed.Moneymarketfundsmanagedover6.8

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Tech levels holding back transportation sector, experts say

TechnologylevelsarehamperingtherapiddevelopmentofChina'stransportationsector,expertsindicatedduringahigh-profileseminaronDec20."Serviceincompetence,highlogistic

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Saudi Arabia invests 19.2 bln USD in stimulating private sector

SaudiArabianKingSalmanbinAbdulazizAlSaudorderedonThursdaytoallocate19.2billionU.S.dollarstostimulatetheprivatesector,theSaudiPressAgencyreported.Thedecisionwasb

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China's service sector grows at stronger pace in November

GrowthinChina’sservicessectorpickeduptoathree-monthhighinNovember,buoyedbyasolidriseinnewbusiness,thoughtherateofexpansionremainedmoderateandweakerthanthelong-r

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China unveils manufacturing upgrade plan

Chinareleasedathree-yearactionplantoupgrademanufacturingsectorssuchasnewmaterials,shipbuildingandrailwayvehiclestocatchupwithotherestablishedrivalsintheworld,th

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China to open up payments industry to foreign competition

Chinawillopenupitspaymentsindustryinabalancedandorderlyway,aseniorcentralbankofficialhassaid.FanYifei,deputygovernorofthePeople'sBankofChina(PBOC),toldaforumonT

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China's foreign ownership cap change may stir interest in smaller banks

FitchRatingssaidthatBeijing’slandmarkmovetoeaseorremovelimitsonforeignownershipinChina’sfinancialsectorwilllikelystokeacquisitioninterestinsmallerbanksChina’sli

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Sloppy old code leaves banks at risk to hackers

Oldandsloppilywrittencodeisexposingbusinessestohackers,newresearchhaswarned,withthefinancialsectoratthehighestrisk.Afterreviewingmorethan278millionlinesofcodein

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China to ease foreign ownership in new energy vehicles

Chinawillsignificantlyeasemarketaccesstothefinancialsector,reducetariffsoncars,andtrytocurtailforeignownershiprestrictionsinthenewenergyvehicle(NEV)industry,ase

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Singapore unveils plans to bolster status as Asian financial hub

SingaporehasunveiledaroadmapforstrengtheningitsstatusasanAsianfinancialhub,withtheaimofgrowingthesectormorethan4percentperyearandcreatingthousandsofjobs.“Withte

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Auto industry launches campaign to keep NAFTA in place

Majorautomakers,suppliersanddealerslaunchedacampaignTuesday,askingtheTrumpadministrationnottoquittheNorthAmericanFreeTradeAgreement(NAFTA).Autoindustryassociati

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Creative industries facing 'catastrophic' loss of talent after Brexit

Brexitcouldcause"catastrophic"damagetotheUK'sboomingcultureindustry,accordingtoasurveyofover1,000creativecompanies.TheCreativeIndustriesFederationreportintothei

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Finance officials call for greater supervision, continued reform

AFinancialSectorDelegationmeetingwasheldaspartofthe19thNationalCongressoftheCommunistPartyofChinaonThursday,withhigh-levelofficialscallingforfurtherreform,moreo

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Thousands join French public sector strike against Macron

ThousandsofFrenchpublicsectorworkersangeredbyEmmanuelMacron'splanstofreezetheirpayandeliminate120,000jobswentonstrikeTuesday,amplifyingoppositiontothepresident'

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China Caixin service PMI falls to 21 month low

China'sservicesectorgrowthslowedinSeptember,asaprivatesurveyshowedMondaythatanindexforthesectorfelltothelowestin21months.TheCaixinGeneralServicesPurchasingManag

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China's non-manufacturing sector expands at faster pace

China'snon-manufacturingsectorexpandedatitsfastestpacesinceJune2014inSeptember,officialdatashowedSaturday.Thesector'sbusinessactivityindex,sometimescalledthenon

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China's manufacturing PMI continues to pick up in September

China'smanufacturingsectorinSeptemberexpandedatthefastestpaceinmorethanfiveyears,addingtostrongeconomicresilienceagainstheadwinds,theNationalBureauofStatistics(