NEWSWORTHY
Swiss 'real money' initiative fails after lack of support from cantons
A radical plan to upend Switzerland's financial landscape by barring commercial banks from creating money has been defeated after failing to win a majority of support from the Swiss cantons, Swiss broadcaster SRF said Sunday. The measure needed to secure a majority of Switzerland's 26 ...
Deepening financial integration in Asia
Capital-rich Japan has been relatively inactive in promoting capital market financial integration.
Hackers stole $6 million from Russian bank via SWIFT system, central bank says
Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging system, the Russian central bank said on Friday. The disclosure, buried at the bottom of a central bank report on digital thefts ...
Japan's financial crisis may seem like ancient history, but banks are now facing considerable challenges.
G-20 finance chiefs, upbeat on world economy, affirm coordination over risks
Finance chiefs from the Group of 20 major economies agree to step up coordination in coping with risk factors to the world economy amid signs that 2017 will be the best year for global growth in a decade.
Somebody's making money off all our junk
In uncertain times, the simple self-storage space can look like the safest place to invest money.
'Fintech' can empower Africa's poor
Africa's greatest hope may be in the commercial advance of technology.
Japan and China are planning to discuss financial issues on May 7 in Yokohama in the first session of the bilateral dialogue in nearly two years, sources said Wednesday, reflecting a recent thaw in relations. Finance Minister Taro Aso and his Chinese counterpart Xiao Jie ...
The leaders of the International Monetary Fund and the World Bank pledged Thursday to redouble efforts to bolster shaky global growth prospects and combat increasing political attacks on free trade and other hallmarks of globalization. IMF Managing Director Christine Lagarde and World Bank President Jim ...
Rising China risk tarnishes Hong Kong business hub luster
For decades, Hong Kong thrived as an Asian business hub thanks to its killer combination of Western freedoms, independent courts and closeness to mainland China's booming market. Now political and economic ills from the mainland are eroding that edge. Swedish-Chinese author Gui Minhai was counting ...
Finance Minister Taro Aso said in his new year policy speech Friday that he will "certainly" go through with the second stage of the consumption tax hike to 10 percent in April 2017 to secure international trust in Japan's efforts to return to fiscal ...
Fintech firms make inroads into the banking biz
With startups offering financial technology services raking in billions of dollars around the world, fintech, coined from "finance" and "technology," has become a buzzword that old guards at big name financial institutions can no longer ignore. Originally a term to describe computer technology applied to ...
