Cashing out

The end of Hong Kong's historic trading floor

In its heyday in the 1980s, more than a thousand brokers dressed in signature red blazers made deals on the trading floor of the Hong Kong Stock Exchange, in what was a raucous, competitive bear pit.


Venezuelans use bitcoin «mining» to escape inflation

Inside a locked room in an office building in Caracas, 20 humming computers use their data-crunching power to mine bitcoins, an increasingly popular tool in the fight against Venezuela's hyperinflation.


Tom Enders was appointed Airbus chief executive in 2012

Airbus CEO says won't cling to job amid bribery probes

Airbus CEO Tom Enders told a German newspaper he was prepared to step down if he was «no longer part of the solution», as the aircraft manufacturer fights off a widening corruption scandal.

Three airlines interested in Air Berlin assets: CEO

Air Berlin is in talks with three competitors about buying up its assets, the insolvent airline's boss said Thursday, warning that not all jobs would be saved.


Kobe Steel, Nissan scandals tarnish image of Japan Inc

Embarrassing scandals at Kobe Steel and Nissan have tarnished the reputation of Japan Inc for quality, as once-mighty industrial world-beaters battle fierce global competition and shrinking profit margins.


Decade after bubble burst, Ireland still faces housing crisis

Ten years after Ireland's property bubble burst, the economy is recovering from the ravages of a deep recession but a housing crisis remains, due to a supply shortage and spiralling prices.

Global solution?

French Finance Minister Bruno Le Maire said the US understands «the need for the fair taxation of digital giants»

US moves closer to EU position on taxing tech giants

Washington is softening its position on European plans to impose taxes on US tech giants such as Apple and Google, officials said this week.

US Republican tax plan to favor rich, cost $2.4 trillion

Plans unveiled this week for broad-based US tax cuts would mostly benefit the very rich while lowering government revenues by $2.4 trillion over a decade, according to an analysis released Friday.


Trump administration rejects World Bank capital increase

The Trump administration on Friday rejected a capital increase by the World Bank, which the Bank says is necessary to expand its global anti-poverty mission.

US business economists fret over Trump policy agenda

US business economists worry about the prospects for President Donald Trump's policy agenda, and the potential damage to the economy from his trade and immigration policies, according to a survey released on Monday.


Asia markets gain after Wall Street notches up records

Asian markets gained Tuesday following fresh records on Wall Street, with investors cheered by the release of strong economic data.

Asian markets rebound after North Korea-fuelled losses

Asian traders returned to buying Wednesday, reversing the previous day's losses as Donald Trump's measured response to North Korea's missile launch and upbeat US data restored a semblance of calm to markets.


Goldman Sachs studying whether to trade bitcoins

Goldman Sachs is exploring whether to launch a trading venture in bitcoin in response to client demand, a person familiar with the matter said Monday.

US dollar losing its luster as safe haven investment

In times of uncertainty or crisis, investors typically take refuge in «safe» options like the Swiss franc, gold or the US dollar, but under President Donald Trump the greenback has lost its luster, especially to the euro.


AIG stripped of «too big to fail» label by US regulators

Insurer AIG will no longer face the stricter federal oversight of a «too big to fail» institution following a vote Friday by a panel of top US financial regulators.

Dollar, equity markets up as focus turns to banker gathering

The dollar edged up Friday ahead of a much-anticipated central bankers' meeting later in the day, while equity markets also advanced at the end of a broadly upbeat week.


More US business economists see «downside» economic risks

Amid uncertainty over President Donald Trump's growth agenda, US economists increasingly are worried about risks to the economy, though they see little chance of a recession near term, according to a survey released on Monday.

US consumer confidence declines in April as optimism wanes

US consumer confidence retreated in April after two months of records, as optimism about the economy dwindled, the Conference Board reported Tuesday.


Airbus opens first plane-completion centre in China

Airbus on Wednesday inaugurated its first completion centre for large aircraft in China, a new asset for the European manufacturer in heated competition with American rival Boeing.

Made-in-China jet takes maiden flight

The first large made-in-China passenger plane took off on its maiden test flight Friday, marking a key milestone on the country's ambitious journey to compete with the world's leading aircraft makers.

Top Stories

The centre-right German Chancellor Angela Merkel is faced with a surge of support for far-right protest party AfD

«Merkel understood nothing»: AfD's fury in east Germany

Chancellor Angela Merkel hails from Germany's ex-communist East, yet it is here where the anger against her runs deepest and the far-right protest party AfD has celebrated its strongest gains.

Israel Folau (C) scored his 12th international try of the season in the Wallabies' 23-18 win over the All Blacks in Brisbane, having started every Test match this year

Folau to be rested and miss Wallabies tour - Cheika

Star fullback Israel Folau will miss Australia's end-of-season tour to Japan and Britain following a long, demanding season, coach Michael Cheika said Sunday

Saudis attend a short film festival on a rare movie night in Riyadh

Saudis crave revival of night out at the movies

The lights go out, the projector whirls and entertainment-starved Saudis sink into plush seats to soak up an experience they have been denied for decades —- a trip to the cinema.

World number four, and US PGA Championship winner Justin Thomas is co-leader after three rounds in the CJ Cup which carries a massive first prize of $1,665,000 and 500 FedEx Cup points

PGA Tour plans «not imminent» for more Asia events

Further new US PGA Tour events in Asia are a possibility, but commissioner Jay Monahan said Sunday that «to say something is imminent would be a miscalculation»