The World Federation of Exchanges responded to the European Securities and Markets Authority’s discussion paper on blockchain by calling for a global approach to distributed ledger technology. The introduction of regulatory sandboxes like those for […]
The Group of 20 nations’ leaders reached agreement on the need for increased spending as well as to use other fiscal, monetary and structural tools to bolster the world’s faltering economy. The closing communique also […]
Disappointing US job creation in August might persuade the Federal Reserve to hold off on an interest-rate increase this month, experts say. Nonfarm payrolls increased by 151,000, short of economists’ expectation of 180,000. Bloomberg (02 […]
Three airlines in Vietnam have ordered about $6.5 billion worth of aircraft from Airbus. The country’s only private airline, VietJet Aviation Joint Stock, bought 20 A321s, while state-owned Vietnam Airlines purchased 10 A350s and affiliate […]
Assets under management by South Korean hedge funds have topped 6 trillion won less than six years after such investments were allowed. The funds have seen an accelerating pace of interest from wealthy investors, with […]
Posting the fourth straight month of improvement, the Nikkei Singapore purchasing managers’ index rose to 52.3 in August from the previous month’s 50.7. IHS Markit, which compiles the index, added a cautionary note over the […]
South Korea and Russia agreed to launch talks next month that could lead to a free-trade accord between South Korea and the Russian-led Eurasian Economic Union. “We will be able to create a new blue […]
Markit lowered its composite reading for eurozone economic activity in August, with the combined purchasing managers’ index registering 52.9 compared with July’s 53.2. The reading suggests “the economy is losing rather than gaining momentum,” said […]
Despite signs that the UK economy is doing well after the Brexit vote, Prime Minister Theresa May said that difficulties lie ahead as the country begins the yearslong process of leaving the EU. In preparation, […]
China gave Hong Kong a stern warning after several candidates favoring independence won legislative seats in the city’s first major election since 2014’s pro-democracy demonstrations. The vote drew a record turnout that reflected sharp differences […]
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