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    Co-CEOs of Deutsche Bank Offered To Resign

    World Business June 7, 2015

    Two weeks after Deutsche Bank gave one of its co-chief executives more power, the two Co-CEO have reportedly offered to…

    AXA Setting Up Units in Singapore, Shanghai and Hong Kong

    Singapore June 6, 2015

    AXA Group, one of the world’s leading insurance and financial groups, is setting up three units across Asia as part…

    China Okays Stock Market Listing of 166 Firms

    China June 6, 2015

    The China Securities Regulatory Commission (CSRC) announced that a total of 166 companies have been given the go signal to…

    South Africa Selling USD2.1-Billion Vodacom Stake to PIC

    World Business June 6, 2015

    The government of South Africa is reportedly selling its 13.9 percent stake in mobile phone company Vodacom Group for at…

    China’s Ship Sinking Death Toll Rises to 330

    Society June 6, 2015

    SHANGHAI – The official state-broadcaster CCTV has reported that at least 330 people have been confirmed dead following the capsizing…

    Bank of Tanzania Gets Award for Governance Risk and Compliance Project in Africa

    World Business June 5, 2015

    TANZANIA – The Bank of Tanzania, the central bank of the United Republic of Tanzania, was awarded the title of…

    Japanese Investors Plan Business Expansion, Investments in the Philippines

    Japan June 5, 2015

    TOKYO, JAPAN – Several Japanese firms, most of them engaged in manufacturing, have expressed desires to invest or expand their…

    Philippine Inflation Hits 20-Year Low in May

    Economy June 5, 2015

    MANILA, PHILIPPINES – Headline inflation in the Philippines continued to fall in May, hitting a 20-year low as it slid…

    South Korea’s Economy Grows 0.8 Percent in Q1

    Economy June 4, 2015

    SEOUL – Despite a weak trade and consumption, South Korea’s economy expanded in the first three months of the year,…

    Insurance Briefs: Shanghai Insurance Exchange To Get Approval, Nippon Life To Acquire NAB’s Insurance Unit

    China June 4, 2015

    China’s Shanghai Securities News has reported that the Shanghai Insurance Exchange, which has been planned since 2011, could finally get…

    Philippine President Aquino Tackles China-Led AIIB In Japan Visit

    Philippines June 3, 2015

    TOKYO – Philippine President Benigno Aquino III announced that his country is still studying the proposal to join the China-led…

    China’s Fruitday Completes USD70 Million Series C Financing

    China June 3, 2015

    Fruitday.com, one of China’s leading online fresh fruits providers, received USD70m worth of series C financing from B2C e-commerce giant…

    Briefly: Todd Vasos Elected CEO of Dollar General Corp

    People Move June 3, 2015

    NORTH CAROLINA – Wilmington native Todd J. Vasos has been elected to the position of chief executive officer of Dollar…

    More Foreign Insurers Could Soon Get License in Myanmar

    Myanmar June 2, 2015

    MYANMAR – The government of Myanmar plans to further open up its domestic insurance market following the issuance of temporary…

    Malaysia Attracts USD15.5bn Investments in Q1

    Malaysia June 2, 2015

    Malaysia’s Trade and Industry Ministry has reported that the country’s approved investments in the primary, services and manufacturing sector for…

    Foreign Investors’ Overbought Position in Taiwan Hits USD8 Billion

    Taiwan June 1, 2015

    TAIPEI, TAIWAN – The Taiwan Stock Exchange (TWSE) announced on Monday that the securities net overbought position by foreign investors…

    S&P Revises Indonesia’s Sovereign Credit Outlook to Positive

    Indonesia June 1, 2015

    INDONESIA – American financial services firm Standard and Poor’s (S&P) revised Indonesia’s rating outlook from Stable to Positive and affirmed…

    Mubasher Financial Services Opens Bahrain Office

    Middle East June 1, 2015

    BAHRAIN – One of the top financial institutions in the Middle East, Mubasher Financial Services BSC, has announced the opening…

    Malaysians Get Free Electric Bus Ride For Two Months in Bandar Sunway

    Society June 1, 2015

    MALAYSIA – Malaysian commuters will get to ride the electric bus at Bandar Sunway for free for two months, said…

    Australia’s Myer To Shut Down Stores in Sydney and Melbourne

    Australia June 1, 2015

    SYDNEY, AUSTRALIA – Australia’s largest department store group Myer is shutting down an outlet in Top Ryde City shopping center…

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