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India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization meeting in Abu Dhabi, blocking its adoption in a move that observers say could block hundreds of billions of dollars in investment.
Standard Chartered has suspended new subscriptions by its clients in China into offshore products via a quota-based channel since last week, the Asia-focused bank said in a statement to Reuters.
TAIPEI -- Max Lin has headed the international institutional banking division at Taiwan's biggest private bank for years, but only recently has he seen its Japan business flourish. The reason can be summed up in one word: chips.
SINGAPORE — Singapore's plan to invest more than $743 million into artificial intelligence over the next five years could strengthen its position as a global business and innovation hub, tech executives said.
BEIJING -- Investment in China by companies based abroad has sunk to the lowest level in 30 years, according to official data released on Sunday, in a sign that foreign corporations are leaving China due to tougher crackdowns on spying and U.S. sanctions.
SINGAPORE -- Singapore is set to raise corporate taxes on multinationals from the start of next year while it will beef up efforts to become an artificial intelligence hub, Finance Minister Lawrence Wong said Friday, as he announced the city-state's 2024 budget.
MSCI (Morgan Stanley Capital International), a leading global index provider, has decided to slash dozens of Chinese companies from its global benchmarks. This decision comes on the heels of the turmoil in China’s stock market, which witnessed trillions of dollars in value wiped out.
TOKYO -- The government-backed Development Bank of Japan will invest more than 150 billion yen ($1 billion) to build supply chain resilience in semiconductors, batteries and other industries vital to the nation's economic security, Nikkei has learned.