UBS chair says Swiss banking giant is not 'too big to fail'
UBS Group Chairman Colm Kelleher on Wednesday said that the Swiss bank is "not too big to fail," as he criticized Swiss government proposals to strengthen its capital requirements.
Economy asian news
Charles Li’s Micro Connect pushes unique financing model in Southeast Asia
Charles Li Xiaojia, former head of Hong Kong Exchanges and Clearing, pitched his new venture that finances small businesses and takes a cut of daily revenue at the Money20/20 Asia conference in Bangkok, as the company pushes the model outside China.
Papua New Guinea's planned gold monopoly will weigh economy down
Carolyn Blacklock is founder and principal at Ipsum Pacific, a strategic consultancy advising Pacific governments and state-owned companies. She previously served as managing director of electric utility PNG Power, and as a special adviser to the prime minister of Papua New Guinea.
Yen's decline will inevitably affect confidence in Japan's economy
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
FTC votes to ban noncompete clauses that bar employees from working for competitors
The Federal Trade Commission on Tuesday voted 3-2 for a nationwide ban against noncompete agreements, which companies use to prevent employees from taking jobs with competitors in the same industry.
Market veteran Howard Marks says Fed is 'not going back' to ultra-low rates
The Federal Reserve will not bring interest rates back down to their post-financial crisis lows, according to veteran investor Howard Marks — and he believes that's a good thing.
Doubts swirl as India aims to be a developed economy by 2047: ‘there is a big gap’
But economists say a host of legacy issues that could hinder investments still need to be tackled for India to achieve developed nation status.
Filipinos more concerned about inflation and jobs as Marcos Jnr focuses more on South China Sea, survey finds
Philippine-based independent polling firm WR Numero told This Week in Asia its findings also showed the Philippine public was “not a foreign-policy-type of population” and that its demands of the president were no different than other elected public officials.