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S&P downgrades Australia's Qantas credit rating

Ratings agency Standard & Poor's Ratings Services on Friday downgraded Qantas Airways' credit rating to BB+, from BBB-.

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China's financial risks 'broadly contained,' says central bank governor

China'sfinancialsectorhasremainedsoundwithrisks"broadlycontained,"YiGang,governorofthePeople'sBankofChina(PBC),thecentralbank,saidonSaturday.In2017,theleverager

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Sinclair is a conservative-leaning company that owns nearly 200 local TV

SalesinbabygoodsretailerMothercarehavefallen,butonlinetrafficisup.Theretailerreportedlike-for-likesalesfell2.8%inthelast12weeksowingtodecreasedconsumerfootfall.

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China details opening-up measures in financial sector

China'snewlyappointedcentralbankgovernorYiGanghasannouncedaslewofreformmeasuresregardingtheforeigncapitalenteringChina’sfinancialmarketattheannualmeetingofBoaoF

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China details opening up measures in financial sector

China’snewlyappointedcentralbankgovernorYiGanghasannouncedaslewofreformmeasuresregardingtheforeigncapitalenteringChina’sfinancialmarket.ThiscomesadayafterPresid

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Chinese vice premier says will win battle against financial risk

ChineseVicePremierLiuHesaidonSundaythatChinawillpushforwardfinancialsupervisionreformandwinthebattleagainstfinancialrisk.Liumadetheremarkswhenattendingtheinaugu

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Nicolás Aguzin: China's transformation keeps growth on even keel

Thisyearmarksthe40thanniversaryofChina'sreformandopening-up.ChinaDailyinterviewedtopexecutivesofwell-knownmultinationalcompaniesfortheirviewsonthecountry'ssocio

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Cyber-attacks biggest risk for Swiss banks: watchdog

Cyber-attacksposethebiggestthreattotheSwissfinancialsystemwithrisksfromhackingincursionsontherise,watchdogFINMAwarnedonTuesday.“Therisksconnectedwiththeseattack

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Lasting legacy: PBOC chief Zhou Xiaochuan retires after 15 years

YiGangwasnamedgovernorofthePeople’sBankofChina(PBOC)onMonday,afteradecadeasdeputytoZhouXiaochuan,ensuringcontinuitytoalandmarkeraofmarket-orientedreformsasChina

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Google to ban ads on cryptocurrencies, related products

AlphabetInc’sGooglesaidonWednesdayitwillbanadvertisementsforcryptocurrenciesandrelatedcontentstartinginJune.Underthenewpolicy,thecompanywillbanadsforunregulated

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Ride-hailing service Grab now offers financial services

Ride-hailingserviceGrabisbeingheavilylinkedwithadealtobuyoutUber’sbusinessinSoutheastAsia,butthoserumorsaren’tstoppingitfrombuildingitsfintechplatformafterannou

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China inhibits 'a wolf' becoming 'a wolfpack' to forestall systemic risk

AChineseregulatortakingdirectcontrolofadebt-riddenfinancialentityundersomeextremecircumstancescanstabilizethetransitionandpreventsawolffrombecomingawolfpack,sai

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ECB freezes Latvian bank after laundering allegation

TheEuropeanCentralBanksaidMondayithasfrozenpaymentsbythethird-largestbankintinyBalticstateLatvia,asitsfinanceshavedeterioratedinthewakeofmoneylaunderingallegati

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Chinese banks to put greater focus on real economy

TighterfinancialregulationshavepromptedChinesebankstoapportiongreaterresourcestotherealeconomyandimprovetheoverallqualityoffinancialserviceswhilekeepingrisksatc

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China to rein in overseas virtual currency trading

China'scentralbanksaiditwilltightenregulationsondomesticinvestors'participationinoverseastransactionsof"initialcoinofferings"(ICOs)andvirtualcurrencyastherisksa

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China Focus: Financial cooperation highlighted in May's China visit

BritainandChinawillfinalizedealsthisweekinsectorsasdiverseasfinancialservices,education,energy,andhealthcare,visitingBritishPrimeMinisterTheresaMaysaidinShangha

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China warns investors over risks in overseas virtual currency trading

AleadingChineseInternetfinanceguildhaswarneddomesticinvestorsaboutrisksintradingoverseas"initialcoinofferings"(ICOs)andvirtualcurrencytransactions."Investorssho