South Korea's financial authorities are looking into whether a local bank has extended illicit or preferential loans to President Park Geun-hye's friend at the heart of a massive influence-peddling scandal and her daughter, officials said Monday.
Zhang Yitang and Peng Shige get Qiu Shi outstanding scientist awards and one million yuan each
The release of cash to the financial sector must be properly channelled to consumers and business, and not hoarded by the banks for balance sheet purposes
China' s currency, the renminbi (RMB), is breaking the financial world' s ultimate glass ceiling and embarking on a new journey towards global reserve status when it formally joins the elite currency club of the International Monetary Fund (IMF) on Saturday.
The International Monetary Fund is exploring ways to broaden the use of its Special Drawing Rights after the leaders of the G20 reached a consensus on the matter at the G20 Summit in Hangzhou.
China issued a regulation on Wednesday to toughen its control of peer-to-peer lending companies, thus cracking down on illegal fundraising activities through such platforms and preventing financial risks.
The nation's financial authorities are tackling money laundering by improving the mechanisms used to track suspect flows of funds. Wang Yanfei reports.
Singapore’s central bank chief vowed yesterday to name and shame other banks engaged in money-laundering after a scandal involving Malaysian state fund 1MDB hurt the city-state’s financial reputation.
Chinese Premier Li Keqiang on Friday held a "1+6" roundtable meeting with leaders of six major international economic and financial institutions at Fanghua Villa, Diaoyutai State Guesthouse in Beijing.
Against all odds in a slack global economy, the New Development Bank (NDB) set up by the BRICS nations has proved progressive for the past year since its establishment.
The African Development Bank (AfDB) said on Tuesday that it has approved 12.4 million U.S. dollar grant to help empower women in the continent.
China will overhaul its investment and financing system to stimulate market vitality amid the economic downturn, according to a document released Monday by the central authorities.
Banks in Britain have started working on a possible move to other financial cities in Europe after the shock Brexit decision but it remains to be seen if Singapore will see any direct benefits from that.
The governor of the Bank of England (BOE) on Thursday afternoon vowed to "relentlessly pursue monetary and financial stability" in the wake of British Brexit vote.
China will take measures to keep its domestic financial market stable and avoid wild fluctuations, Chinese Premier Li Keqiang said Tuesday.
Premier Li Keqiang said China will continue its prudent monetary policy and proactive fiscal policy, maintaining reasonable growth in aggregate credit, to better serve the real economy.
With all the inducements to buy, buy, buy as the holiday season approaches, there’s no better time to start teaching your children about financial literacy
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