China will expand plans to ease its air pollution problems this year by installing green energy projects that add almost 2½ times as much solar capacity as the United States added last year.

The mainland's state-run media is trying to do something the securities industry has failed to accomplish for much of the past three years: get the world's biggest population to buy more stocks.

After posting three straight years of losses that thinned the ranks of hedge funds specialising in currencies, the foreign-exchange market is showing signs of rebounding.


Warburg Pincus will invest close to US$700 million in China Huarong Asset Management, people with knowledge of the matter said, in the biggest investment in the nation's financial industry by a foreign buyout firm.

For all the concern about the prospect of tougher international sanctions and signs of slowing growth, more money flowed last month into Russia and China exchange-traded funds than any other emerging markets.

Halliburton has reached a US$1.1 billion settlement for a majority of claims against the company for its role in the biggest US offshore oil spill in 2010.

Bets that China Mobile's US$2 billion cut in handset subsidies will help the world's biggest phone company reverse a profit slump pushed bullish options on the stock to a 19-month high.

When former kindergarten teacher Kim Sun-sung tried to rejoin South Korea's workforce after five years raising her children, she found it tough. Then 41, Kim was either told she was too old or had been out of work for too long.

Scotland's prospects of independence after a referendum in two weeks received a boost yesterday when a second opinion poll showed the "Yes" camp within touching distance of victory.

London Mayor Boris Johnson's plan to replace Heathrow with a new airport on an island in the Thames estuary has been dismissed by an official study as too expensive and complex to address Britain's aviation needs.

After gold's rally in the first half of the year beat gains for commodities, equities and Treasuries, bullion is back to being out of favour with investors.

Cracks are emerging in Germany's once rock-solid economy as companies' reluctance to invest bears out European Central Bank president Mario Draghi's warning that the euro-zone recovery is in danger.

The mainland's top legislature passed an amendment to the Budget Law yesterday, paving the way for more local governments to sell bonds directly to raise funds for public projects.

US Secretary of State John Kerry has called for a global coalition to combat Islamic State militants and their "genocidal agenda".

Alibaba Group is postponing the start of investor meetings for its initial public offering by about a week to answer questions posed by the US Securities and Exchange Commission.

Japan's biggest banks are breaking tradition by promoting foreigners to top management roles to retain and lure overseas talent as growth abroad buoys profit.

Investors are returning to the largest Chinese exchange-traded fund in the United States at the fastest pace in almost two years on signs that a government stimulus programme will support growth in the economy.

Two years after being plucked from the ranks of exchange product developers to design the JPX-Nikkei Index 400, Daisuke Tanaka finds himself at the centre of a corporate revolution.

The FBI is investigating attacks on the computers of banking giant JPMorgan Chase and several other American banks, officials said.


Every day, the American bull market looks more and more like the dotcom bubble of the late 1990s. Except when it comes to valuations.

KKR, the private equity firm led by billionaires Henry Kravis and George Roberts, is buying a minority stake in China's largest chicken breeder and processor for about US$400 million.

The mainland is considering providing as much as 100 billion yuan (HK$126 billion) in government funding to build charging facilities for electric vehicles and spur demand for clean cars, according to two sources.

Islamic State, which now controls an area of Iraq and Syria larger than Britain, may be raising more than US$2 million a day in revenue from oil sales, extortion, taxes and smuggling.

Central London office buildings considered riskier bets are commanding higher prices as a shortage of properties available to lease sends rents soaring.

Home flipping, in which a buyer resells a property quickly for a profit, is on the decline as United States residential price gains slow and foreclosures dwindle.

After moving six times in 10 years, chemical researcher Choi Youn-ho is hopeful easier mortgage rules will finally allow him to buy a home on the outskirts of Seoul for his family of four.

Volatility in equity markets in the United States is near a record low and traders have loaded up on bets it has further to fall.

South Korean shipbuilders, this year's worst-performing industry group, are attracting buy recommendations from three of the nation's biggest brokerages after valuations sank to record lows.

Investors should take cues from Japanese Prime Minister Shinzo Abe's urgency to have pension funds trim bond holdings as relative valuations swing in favour of equities, CLSA Asia-Pacific Markets said.

Luk Fook Holdings International, the second-largest jeweller in Hong Kong by market value, plans to expand in the city's prime shopping districts as landlords hold back on raising rents.

Taiwan's insurers drove a surge in issuance of foreign debt, as an easing of ownership curbs allowed them to seek higher returns on US$580 billion of assets.

India's top carmaker can thank China's appetite for a British off-road vehicle brand for the biggest drop in bond risk in the global industry.

Starburst, a Singaporean builder of shooting ranges, expects revenue to rise fivefold as Middle East defence spending surges following the Arab Spring uprisings.

Asia is already outpacing European towns that started the bike-sharing boom in the last decade, with the Chinese cities of Hangzhou and Wuhan now the global leaders.

India unveiled its first home-built, anti-submarine warship in a move to deter China from conducting underwater patrols near its shores.

Bank of Communications wants to be the nation's first listed lender to offer stock incentives for the management.

Mainland companies renting debt ratings from state-owned banks when raising funds in US money markets are fuelling credit concerns as bad loans mount.

Nine months after stock-market wagers on a baby boom in China reached record levels, the bets have turned into some of the nation's biggest losers as living costs deter couples from having more than one child.

The Lenovo Group start-up fund that backed iDreamsky Technology through its initial public offering in the United States this month has three more candidates that are almost ready for share sales.

Norway's US$880 billion sovereign wealth fund, the world's largest, is slowing its expansion into emerging markets as it scales back a two-year mission to tap into the fastest-growing markets.

Bank of England governor Mark Carney lost his consensus on interest rates this month as two policymakers broke ranks and voted for higher borrowing costs.

Qinhuangdao, home to the mainland’s largest coal port that has been called an indicator of Asia’s biggest economy, is set for record commodity deliveries over the next three years as urbanisation boosts demand for the fuel.

London home sellers cut asking prices by the most in more than six years this month, adding to signs the property market in Britain's capital is coming off the boil.

New York's real estate world is filled with tales of ordinary people who bought property decades ago and saw values soar to the millions. Seth Weissman is seeking investors to get in early on the next hot neighbourhoods.

Singapore's home sales were little changed last month as developers offered fewer projects amid cooling demand following a slew of property measures.

Fosun International, the investment arm of the mainland's biggest closely held conglomerate, is in talks to acquire a United States life insurance arm of Swiss Re, people with knowledge of the matter said.

The British pound is poised to test a six-year high against the US dollar, Barclays says, as futures traders increased bets it would strengthen after it fell too far, too fast.

China Molybdenum, the mainland's biggest producer of the metal, is seeking more acquisitions after the success of its US$820 million purchase of a Rio Tinto Group copper mine in Australia.

Plans to build the world's largest solar power plant of its kind have been scrapped in Australia after the developers raised concerns about the government's commitment to clean energy.

The record US$3.5 trillion stockpiled in United States fixed-income funds is raising the spectre that the bond market will buckle under the strain of redemptions once interest rates rise. Simple mathematics suggests there is little need to worry.

Indian Prime Minister Narendra Modi's administration has called off the first formal talks with Pakistan in two years, a setback for relations after the nations sought to boost ties following his election win in May.

Bring it on. That is the message Li Shufu, the Chinese billionaire chairman of Volvo Cars, wants the government to give competitors in the largest vehicle market.

A week of violence and protests in a town outside St Louis are highlighting how poverty is growing most quickly on the outskirts of America's cities, as suburbs have become home to a majority of the nation's poor.

Billionaire Lang Walker, founder of one of Australia's largest private developers, said home prices in Sydney and Melbourne have climbed too much, and he is turning his focus to his investment in Malaysia. the mainland online retailer with a business model similar to Amazon, reported a wider loss because of higher costs in its first set of financial results since going public three months ago.

Mainland households increased the amount of savings diverted into wealth-management products to a record 12.7 trillion yuan (HK$16 trillion) as the central government tries to manage risks from an explosion in shadow banking.

Zhang Xiuli says she knows nothing about the nine mainland companies that held initial public offerings last month.

Gold demand fell 16 per cent in the second quarter, led by declines in India and China, the World Gold Council said.

Retail sales in the United States were little changed last month, the worst performance in six months, as car demand slowed and tepid wage growth restrained consumers.

Insider trading rules are stymieing shareholder activism in Australia, fostering a culture of bad management in listed companies and curbing growth, investor Mark Carnegie said.

The Bank of England said the amount of spare capacity in the economy has fallen as it lowered its forecast for wage growth and said it will put more weight on earnings in its policy assessment.

Indonesia's ban on ore exports will remain in place under the next government as the curbs spur as much as US$18 billion in investment in processing plants by 2017, according to the Energy and Mineral Resources Ministry.

Trust assets on the mainland expanded at the slowest pace in two years as the government cracks down on shadow banking and investors reassess the risks of the high-yield investments.

The guessing game over when the United States Federal Reserve will raise interest rates is underpinning bets for more volatility across shares of banks, brokerages and insurers.

German investor confidence declined to the lowest level since 2012 as the crisis in Ukraine and a sluggish euro-area recovery dampen the outlook for Europe's largest economy.

India's consumer price inflation quickened more than economists estimated, adding pressure on central bank governor Raghuram Rajan to keep interest rates elevated even after factory output slowed.

Alibaba Group is co-operating with Kering to stem the sale of fake products after the maker of Gucci withdrew a lawsuit that alleged Alibaba took part in violating trademarks.

The Federal Reserve has repeatedly pointed to subdued inflation as a justification for carrying on with its efforts to stimulate the economy in the United States.

With global anxiety rising on Ebola, medical ethicists are weighing how best to use a limited supply of experimental drugs that have shown early promise in fighting a disease that's killed almost 1,000 people this year.

Southeast Asian countries yesterday expressed concerns over "increased tensions" in the South China Sea and called for an early conclusion to the code-of-conduct talks with China.


Ausin Group (Finance), which offers property and mortgage broking in Australia to Chinese buyers, expects to sell two-thirds more homes and to double the amount of loans it arranges as demand from the mainland surges.

Thermoplan, based in a sleepy Swiss village, makes the automatic machines for espressos and cappuccinos in each of Starbucks' almost 21,000 shops around the world.

Anger over Vietnam's handling of a territorial dispute with China has prompted a group of senior Communist Party members to call on the government to jettison communism for democracy and "get out of China's orbit".

A gang of hackers in Russia has amassed 1.2 billion sets of stolen user names and passwords, according to a US security company that says it is the largest known hoard of stolen personal information.

Aung San Suu Kyi's quarter-century quest to lead Myanmar is running out of time because of a legal roadblock, posing a dilemma for a party that was forged around the mystique of the Nobel Peace Prize winner.


For all of the impressive work experience on his resume, Brian Cornell's most important attribute may be what he does not have: a career at Target Corp.

Thai junta leader Prayuth Chan-ocha has selected a 200-member National Legislative Assembly to act as the nation's parliament before possible future elections, while maintaining absolute authority over the country.

A plan to start direct trading between the won and mainland China's yuan will hurt the South Korean currency by slowing the inflow of dollars, Goldman Sachs Group said in a report.

Standard & Poor's declared Argentina in default on its foreign-currency obligations after the government missed a deadline for paying interest on US$13 billion of restructured bonds.

Bonds are rallying from the United States to Germany to Australia on speculation that the Federal Reserve will hold interest rates at a record low to support the world's biggest economy.

In China's expanding apartment market, Sandra Chow and Cheong Yin Chin have figured out one way to tell whether properties are occupied: drive by and see if people are actually hanging their laundry outside.

Senior bankers could be forced to pay back bonuses as long as seven years after they are awarded under new Bank of England rules to curb short-term risk-taking.

As increased regulatory oversight curbs the growth of China's trust companies, securities firms are seizing the chance to boost their share of the shadow-banking pie.

The incoming president of Indonesia is backing Singapore's plan to levy bigger fines on overseas polluters. A year after the city-state endured its worst-ever air quality, Singapore presented a bill to parliament this month that would subject foreign companies to fines of S$2 million (HK$12.5 million) for illegal emissions, up from S$300,000. Indonesia and Singapore have long argued over the smoke that blows in from land-clearing fires in Sumatra.

BlackBerry, pushing further into security services, agreed to buy Secusmart, which provides anti-eavesdropping technology to clients including German officials such as Chancellor Angela Merkel.

Traders in mainland stock futures are sending a bearish signal after benchmark indices surged to the highest levels in seven months.

By this time next week Shinzo Abe will have visited 47 nations since taking office in 2012, after an itinerary encompassing six Latin American and Caribbean cities in nine days.

Japanese Prime Minister Shinzo Abe's approval rating fell to less than 50 per cent in at least the sixth survey this month after his effort to ease restrictions on the military sapped his popularity.

Currency traders are detecting the first signs of what they have been waiting for all year: a revival in volatility that may help trim their losses.

Lloyds Banking Group, bailed out by British taxpayers during the financial crisis, will pay £218 million (HK$2.86 billion) in fines to British and United States regulators after manipulating benchmark interest rates.

Taiwanese solar stocks led by Motech Industries fell after the US proposed expanded penalties on solar energy imports in a victory for the US unit of SolarWorld, which accused mainland China of shifting production to Taiwan after it lost an earlier case.

Some mainland producers of rare-earth magnets are seeking to use this month's expiry of a key patent held by Hitachi Metals to expand exports of the micro magnets used in products from motors to smartphones. International will extend its rally after reaching a record last week as the mainland's biggest travel website boosts its share of the hotel reservation market at the expense of smaller competitors, JG Capital says.

Central banks from Scandinavia to Britain and New Zealand are sounding the alarm about soaring mortgage debt and trying to curb risky lending. In Australia, where borrowing is surging, regulators are just watching.