BEIJING, May 9 (Reuters) - China's banking and insurance regulator on Saturday issued draft rules on commercial banks' online lending business, banning the use of such loans for riskier investments and capping banks' online consumer credit, in a move to rein in financial risks.
The regulations are the first that...
Motoko Rich (New York Times)
TOKYO
Japan will spend nearly $120 billion to stimulate its slowing economy and to help some of the areas worst affected by Typhoon Hagibis, Prime Minister Shinzo Abe announced last week.
The new spending plan is aimed at addressing a slew of economic challenges facing Japan’s longtime...
MEXICO CITY (REUTERS)
Stronger worker and environmental protections top changes to a new version of the North American trade deal signed by U.S., Mexican and Canadian officials on December 10 that clears the way for a long-delayed vote in the U.S. Congress.
The full text of revisions has not yet been...
BEIJING, May 29 (Reuters) - Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
Ninety percent of the 100 or so respondents said they...
Jamie Freed (Reuters)
HONG KONG
Asian airlines are cautious about the outlook for 2020 after trade disputes undermined confidence and led to economic growth below initial forecasts this year, the head of the Association of Asia Pacific Airlines (AAPA) said on Monday.
Airline passenger growth in Asia has moderated this year to...
Wayne Cole(REUTERS)
SYDNEY
The Australian dollar was heading for heavy weekly losses on Friday as rate-cut risk returned with a vengeance, while its New Zealand neighbour went the other way after a policy easing was ruled out for at least a couple of months.
The Aussie was pinned at $0.6796, having lost...
Sam Nussey and Chris Gallagher (REUTERS)
TOKYO
SoftBank's Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services.
Yahoo Japan, which last month changed its name to Z Holdings, said on Thursday...
JAKARTA
Indonesian President Joko Widodo last week ordered government officials to find a permanent solution to prevent devastating annual forest fires that he understood had been almost entirely started by humans but made worst by climate change.
Indonesia last year suffered the worst forest blazes in four years when 1.6 million...