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Feb 14, 2019
The revised list, released Wednesday, results from efforts by the EU to tighten longstanding measures against money laundering and terrorism financing since the publication of the Panama Papers in 2016, which revealed how global elites avoided taxes or laundered money through offshore shell companies.
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Feb 11, 2019
Europe's faltering economy and fractious politics are complicating the region's biggest personnel question in years: Who will replace Mario Draghi as president of the European Central Bank?
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Feb 06, 2019
Two decades after the launch of Europe's single currency, the eurozone is again flirting with recession. It is fashionable to blame the euro, but even the most radical currency reforms wouldn't solve the continent's biggest underlying problem.
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Feb 05, 2019
Niseko in Japan's snowy northern island of Hokkaido is emerging as Asia's answer to Aspen and St. Moritz, drawing billionaires to its slopes and, soon, global hotel brands like Park Hyatt, Ritz-Carlton and Aman.
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Feb 05, 2019
Blackstone Group, the world's largest private-equity firm, has pulled back on a plan to invest billions of dollars across Africa, the latest U.S. investor to temper its ambitions on the continent.
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Feb 05, 2019
A strong economy helped lift commercial real-estate sales to near-record levels last year, and many investors are counting on low interest rates to keep sales going in 2019.
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Feb 05, 2019
Chinese urban consumption has slowed rapidly, but rural consumers are doing well. That explains some of the media Sturm und Drang around Chinese consumers, but also hints at potential problems ahead.
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Feb 04, 2019
Australia plans to hand financial regulators new powers of enforcement following a year-long probe into misconduct in the country's banking industry, which long had a reputation for being among the world's safest for investors.
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Feb 04, 2019
A yearlong investigation has brought out Australian banks' dirty laundry. The country's faltering property market will delay the cleanup.
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Feb 04, 2019
Last summer, MSCI added stocks in China to one of its most prominent global benchmarks, leading billions of dollars to flow into Chinese shares and advancing China's plans to draw more foreign investors to its markets.
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Jan 31, 2019
The German government is prepared to back a potential merger of Deutsche Bank and Commerzbank to create a national banking giant, responding to deep skepticism among shareholders, clients and others about the health of the rival banks.
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Jan 31, 2019
Malaysia's securities regulator imposed penalties on Deloitte for four breaches related to an Islamic bond program issued by a unit of state investment fund 1MDB.
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Jan 28, 2019
China replaced its top securities regulator with a senior banker, as authorities look for ways to boost market sentiment amid a broad economic slowdown.
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Jan 23, 2019
A year ago the world looked like it would finally return to the boom times it enjoyed before the global financial crisis. Now, the boom may be over before it even started.
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Jan 23, 2019
Securities firms are among the best-performing Chinese stocks this year, buoyed by Beijing's moves to relax its grip on the financial system and hopes for a market recovery.
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Jan 22, 2019
The global economy is starting the year on weaker footing, particularly by poor performance out of Europe, according to new quarterly forecasts from the IMF.
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Jan 22, 2019
China's trade dispute with the U.S., Brexit, Italian fiscal troubles and a fall in German industrial production are all signs of the sweep of a brewing synchronized global slowdown.
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Jan 22, 2019
Puerto Rico's federal supervisors are making a final push to write down $18 billion in sales-tax bonds under a settlement that would mark their largest renegotiation yet of the U.S. territory's crushing debts.
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Jan 22, 2019
Since 2014, the Bank of Japan has pledged to buy about trillions of yen in Japanese government bonds annually and it is expected to repeat the pledge this week. But at the current pace, it is on track to buy only a fraction of the bonds this year.
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Jan 22, 2019
China's economic expansion languished to its slowest pace in nearly three decades last year, as a bruising trade fight with the U.S. exacerbated weakness in the world's second-largest economy.
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Jan 22, 2019
Global-health groups that buy and distribute medicines are a sure bet for saving lives, but their government funding is now in danger, and even the biggest philanthropies can't fill the gap.
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Jan 22, 2019
Lim Guan Eng waved off an apology from Goldman Sachs Chief Executive David Solomon for the role of one its then-bankers in the scandal surrounding state investment fund 1MDB, saying it wasn't enough.
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Jan 21, 2019
Corporate overseas investment will likely rebound this year as U.S. companies repatriate less profits, but will nonetheless continue to be weak by precrisis standards in the face of a darkening economic outlook and uncertainties about trade rules, the United Nations said.
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Jan 21, 2019
Qatar pledged to shore up Lebanon's ailing economy by buying $500 million's worth of governments bonds, in a move that muscles in on rival Saudi Arabia's role as Beirut's financial patron.
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Jan 20, 2019
The eurozone's economic slowdown has taken European Central Bank officials by surprise, potentially disrupting their plans to lift short-term interest rates this year.
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Jan 14, 2019
The plight of India's farmers has moved to the forefront of the country's politics after the ruling BJP fared poorly in recent state elections. With a general election approaching, questions are growing about whether Prime Minister Narendra Modi has the popularity to win a second term.
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Jan 14, 2019
Just a few months ago, it looked like China was weathering the trade conflict with the U.S. well. December data released Monday suggests things are about to get significantly worse.
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Jan 11, 2019
A surge of defaults has shaken China's $4.2 trillion corporate bond market, further disadvantaging struggling private firms against a resurgent state sector.
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Jan 11, 2019
Finance Minister Carlos Urzúa and his deputy, who met with investors in New York a month after Andrés Manuel López Obrador became president, tout their "market-friendly" fiscal plans.
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Jan 10, 2019
Successful Chinese efforts to cut overcapacity in steel and other critical industries were key to the global reflation of 2016-2018. Nothing lasts forever.
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Jan 09, 2019
One year after posting a record profit, the Swiss National Bank swung to a 15 billion franc loss in 2018, as a double whammy of weaker global equity markets and a stronger Swiss franc eroded the value of its massive holdings of foreign stocks and bonds.
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Jan 08, 2019
Italy's government has offered to shore up an ailing bank with public money, in a sharp U-turn after attacking mainstream politicians for years for bailing out Italian banks with taxpayers' money.
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Jan 07, 2019
China's economy is slowing faster than expected as Beijing this week heads into a crucial new round of negotiations with the U.S. over trade.
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Jan 04, 2019
Three former Credit Suisse Group bankers were arrested Thursday in London in connection with a $2 billion fraud scheme, according to a statement by the U.S. Department of Justice.
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Jan 02, 2019
The world has never had as much debt as it has right now—nearly $250 trillion. And these debt loads are about to get a big test: Global central banks, which once kept borrowing easy, are changing course.
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Jan 02, 2019
China's central bank keeps pumping money into the economy, but the cash ends up in all the wrong places. That bodes ill for 2019.
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Jan 02, 2019
Investors are feuding over EcoCash, Zimbabwe's homegrown PayPal-like service that has zoomed into the economy's cash void.
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Dec 31, 2018
A steady rise in the debt of developing countries is worrying some investors, highlighting the challenges faced by emerging markets in 2019 amid slowing global growth and tightening monetary policy.
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Dec 31, 2018
Several of the biggest listings in Hong Kong this year have subsequently performed poorly.
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Dec 30, 2018
Chinese stocks look set to begin another turbulent year, with stock and bond investors' fortunes tied to trade tensions, currency pressures and policy makers' ability to shore up growth.
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Dec 30, 2018
Beijing's goal has taken a back seat to propping up short-term growth as trade tensions fuel investors' anxiety.
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Dec 29, 2018
The Kim Jong Un regime moves millions of dollars around the world despite sanctions and pressure on international banks to curtail its activities. The hidden system is central to the country's efforts to keep its economy afloat.
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Dec 21, 2018
Japan has virtually given up on reaching 2% inflation after nearly six years of trying. An argument gaining ground in Tokyo holds that the inflation goal, once seen as paramount, doesn't matter so much after all.
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Dec 21, 2018
Goldman Sachs chief David Solomon made his most forceful defense yet of the firm, which is under fire for its dealings with a Malaysian sovereign wealth fund at the center of an international bribery scandal.
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Dec 20, 2018
The companies—aluminum giant United Co. Rusal PLC, its parent EN Group PLC and JSC EuroSibEnergo, a Russian energy company—were put on the U.S. sanctions list in April because of their ownership or control by the Russian oligarch.
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Dec 20, 2018
Good news on China's opening is only likely to follow bad news on China's economy, which would hit global markets hard.
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Dec 19, 2018
China's central bank Wednesday rolled out more measures to help the country's cash-strapped small businesses as growth in the world's second largest economy slows.
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Dec 19, 2018
Shares of SoftBank Group's Japanese mobile-phone unit closed nearly 15% below the initial offering price as investors worried about a price war and the company's reliance on Chinese supplier Huawei Technologies.
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Dec 18, 2018
U.K. regulators proposed sweeping changes to rules governing British audit firms designed to increase competition, prevent conflicts of interest and restore public confidence in an industry tarnished by an accounting scandal that led to the collapse of one of Britain's largest construction companies.
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Dec 18, 2018
Goldman Sachs Group Inc.'s push for Asian business and lax oversight of partners led the bank to speed past warning signs in its dealings with a corrupt Malaysian investment fund, internal documents and interviews with people involved in the transactions show.
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Dec 17, 2018
China's leaders are gathering in Beijing to set economic priorities for the coming year. The likely fiscal stimulus probably won't give a lasting boost to industry and commodities.
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Dec 17, 2018
Nine state-owned energy giants including Saudi Arabia's Aramco have shelved or delayed plans to sell shares to the public amid volatile crude-oil prices of the past three years.
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Dec 16, 2018
Fresh economic figures from Europe and China added to concerns that weakening growth at the end of 2018 will carry over into a sharper slowdown next year, weighing on the solid but cooling U.S. expansion.
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Dec 15, 2018
The government of Saudi Crown Prince Mohammed bin Salman has spent billions to counter selloffs in recent months following the killing of a dissident journalist, a corruption crackdown and a showdown with Qatar.
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Dec 15, 2018
The European Central Bank cut its economic growth forecasts Thursday, highlighting the risks confronting Europe's economy even as it ended its massive four-year stimulus program.
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Dec 15, 2018
China may be about to jettison its plan to dominate high-tech manufacturing, at least in name. That matter less than it might appear.
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Dec 14, 2018
Nervous bank executives have been busily jetting in and out of meetings with Europe's top financial regulators in the past few months. The reason: make sure Brexit doesn't turn into financial armageddon.
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Dec 13, 2018
It isn't just Brexit that has investors on edge in the U.K. It's the possibility of a new Labour government run by an avowed socialist.
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Dec 12, 2018
One of Venezuela's creditors has rescinded a settlement agreement with President Nicolás Maduro's government and hired Moelis bankers to force a sale of Citgo, the country's prized U.S. crude refiner.
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Dec 12, 2018
India's new central bank governor pledged to uphold the independence of the Reserve Bank of India two days after his predecessor quit after months of tensions with the government.
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Dec 12, 2018
India named Shaktikanta Das, a former civil servant, as the governor of its central bank a day after his predecessor resigned following months of tensions with a government that has pushed to loosen restrictions on bank lending with a general election looming next year.
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Dec 10, 2018
The U.K. released a package of measures to increase transparency and prevent abuse of limited partnerships, which criminals have used to launder money through the country.
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Dec 10, 2018
Nine of the 11 directors at a new $18 billion government-backed investment fund resigned after drawing criticism for their performance-based incentives, hobbling a quest by Japan to build its own Silicon Valley.
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Dec 07, 2018
A vaunted program to make Chinese shares available to British investors and vice versa is struggling to line up participants as its planned launch nears.
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Dec 07, 2018
France became the most heavily taxed of the world's rich countries in 2017, according to figures published the day after President Emmanuel Macron backed off a fuel-tax increase that enraged much of the nation.
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Dec 07, 2018
Japan withdrew an offer to make executives at a government-backed investment fund eligible for hundreds of thousands of dollars in performance-based compensation, highlighting an undercurrent of disapproval over executives' high pay.
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Dec 07, 2018
The cause of corporate-governance reform is under threat in Asia, after two decades of steady progress.
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Dec 07, 2018
Foreign fund flows into Asia's emerging markets surged in November, marking a turn in investor sentiment toward some of the most beaten-down assets in the region this year.
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Dec 07, 2018
Canada's largest banks have found the market for acquiring U.S. institutions has become more expensive and competitive. The Canadian lenders had been among the biggest buyers of U.S. banks after the 2008 crisis.
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Dec 07, 2018
Chinese shoppers, for a long time flavor of the month for blue-chip consumer companies, now have competition from India.
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Dec 03, 2018
The weekend truce in the Sino-American trade war comes as a relief for Europe. Yet it is Beijing's reluctance to stimulate growth, not trade tensions, that poses the bigger threat to the continent's economy.
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Nov 30, 2018
Trump administration duties have scrambled the steel trade, with countries that can no longer sell into the U.S. sending their products into Europe at a record rate.
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Nov 29, 2018
Banks have emerged as the least wounded sector in China's brutal stock-market selloff this year, benefiting from their resilient financial performance and Beijing's shift toward easier monetary policy.
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Nov 29, 2018
Hawkish board members consider pushing interest rates higher to anchor inflation in the face of uncertainty over President-elect López Obrador's economic policies.
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Nov 29, 2018
Brexit uncertainty is weighing on trans-Atlantic deal making, as a trio of global investors led by property giant Brookfield Property Group pulled a multibillion-dollar bid to take a British retailer private.
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Nov 29, 2018
Ant Financial Services Group appointed Hu Xiaoming, a senior Alibaba executive, as its president, elevating a longtime lieutenant of billionaire Jack Ma to a top role at the Chinese financial-technology giant.
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Nov 27, 2018
Softening economic data are adding to investor anxiety ahead of the Group of 20 summit that starts Friday in Buenos Aires.
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Nov 26, 2018
Brexit has entered its endgame, yet the once-noisy finance industry is quiet. Truth is, most banks are ready for whatever happens next. The big problems are more likely to hit local lenders with little stake in cross-border finance.
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Nov 25, 2018
Venezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp., the latest settlement that keeps the country's U.S. crude refineries from falling into the hands of creditors.
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Nov 25, 2018
An unlikely honeymoon between Wall Street and Mexican President-elect Andrés Manuel López Obrador, a leftist nationalist, is over before he even takes office on Dec. 1 as investors express worry over his actions and plans.
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Nov 18, 2018
The U.K. economy has so far weathered the political storm surrounding Brexit pretty well. But beneath the surface, there are harbingers of economic costs to come.
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Oct 08, 2018
As Pakistan starts bailout talks with the IMF this week, many developing nations have taken steps to limit fallout from weakening currencies and rising interest rates in the U.S.
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Oct 08, 2018
Investors continued to sell off Italian government bonds as the country's populist government clashed with the European Union over budget targets.
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Oct 08, 2018
Chinese stocks suffered their worst day in more than three months, as traders and investors returned from a weeklong national holiday and caught up to a global selloff that has dragged down many emerging markets.
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Jul 09, 2018
A former Goldman Sachs banker is talking with U.S. prosecutors about potentially pleading guilty to charges stemming from alleged fraud at a Malaysian state investment fund, people familiar with the matter say.
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Jul 09, 2018
Central banks in some emerging market economies have started to spend down a $6 trillion stash of foreign reserves to contain currency declines.
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Jul 04, 2018
The Chinese currency surged against the dollar on Wednesday, continuing a recovery that began the previous afternoon after China's central bank chief pledged to keep the exchange rate "basically stable."
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Jul 03, 2018
The yuan's slide is testing Beijing as it grapples with a looming trade war, putting China under pressure to revive the type of interventions used in the past.
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Jul 03, 2018
The yuan's rapid slide is posing a new test for Beijing as it grapples with a looming trade war, putting the central bank under pressure to revive the kind of interventions undertaken in the past to defend the currency's value.
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Jul 03, 2018
A task force investigating the multibillion-dollar scandal that has engulfed the state fund says the more than 400 frozen accounts are believed to have links to misappropriation and misuse of 1MDB funds.
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Jul 02, 2018
The gap between the yuan's value in mainland China and trading hubs like Hong Kong has started to widen, a sign that foreign investors who can access the offshore market could be growing more bearish on the Chinese currency.
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Jul 02, 2018
Malaysia's largest oil and gas services company is planning to list its exploration and production unit to take advantage of the recent surge in global oil prices.
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Jun 21, 2018
Most Asian stock markets dropped again Friday, following a fall in U.S. equities the day before, with the impact of trade tensions between the American and Chinese governments worrying investors. Japan's Nikkei 225 fell 0.7% despite better-than-expected Japanese manufacturing data. China's Shanghai Composite Index dropped 0.2%.
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Jun 21, 2018
Markets are still waking up to the idea that trade battles are more than a sideshow. Investors who think China won't back down still have plenty of opportunity to get out. They also have a problem: get out of what, exactly?
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Jun 21, 2018
Deutsche Bank AG's global corporate-strategy team is being dismantled and the executive who runs it, Ali Almakky, is leaving that role, according to people familiar with the matter.
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Jun 21, 2018
Asian stocks were mixed, though many of the region's moves were muted. Japan's Nikkei 225 index rose 0.8%, while Hong Kong's Hang Seng index lost 0.3%. But Australian stocks are on a tear.
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Jun 20, 2018
Leaders of the world's top central banks warned that escalating trade conflicts could ricochet through financial markets and hurt the world economy, potentially prolonging the era of ultralow interest rates.
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Jun 20, 2018
New York's financial-services regulator said it fined Deutsche Bank $205 million over allegations it sought to manipulate currency prices and mislead clients.
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Jun 20, 2018
Saudi Arabia's economy is set to draw tens of billions of dollars in foreign investment after gaining recognition as an emerging market from index compiler MSCI.
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Jun 20, 2018
MSCI returned Argentina to emerging market status for the first time in nearly a decade, a move that is expected to provide a much-needed boost to the beleaguered country.
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