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South Korea: Moon revs up push to get extra budget for job creation


South Korea president Moon Jae-in on Thursday ratcheted up his push to secure a 11 trillion won (US$9.8 billion) extra budget for job creation, saying he would visit parliament to gain its backing at an "appropriate time" if need be.

China mulls adjusting yuan-dollar pricing model


Chinese authorities are considering introducing a "counter-cyclical factor" to the existing pricing model of yuan's central parity rate against the U.S. dollar, the China Foreign Exchange Trade System (CFETS) said Friday.

Greece fails to secure fresh bailout funds


Greece has failed to secure a deal to unlock the next instalment of its multi-billion-dollar bailout after talks with eurozone finance ministers broke down.

British inflation hits highest level since September 2013


British inflation rate has continued its upward trend, hitting a record high in April, the Office for National Statistics (ONS) released Tuesday.

HSBC first-quarter pre-tax profit falls 19%


HSBC said on Thursday that pre-tax profit fell 19 percent to US$4.96 billion in the first three months of the year.

Dollar builds on gains but Asia markets struggle


The dollar built on the previous day's gains on Thursday after the Federal Reserve opened the door for another US interest rate hike next month but Asian markets mostly turned lower in a holiday-filled week.

What the world' wealthiest can do to empower women


What the world's wealthiest can do to empower women

London's Chinatown, West End threatened by massive hike in business rates: city mayor


London's famous shopping high streets as well as the capital's appeal as a destination for international visitors and investors are under threat because of a massive rise in business taxes, mayor Sadiq Khan warned Tuesday.

China expected to reach high-income status within decade: Morgan Stanley


China is on its way to becoming a high-income nation by 2027, and is unlikely to linger in the middle-income trap, U.S. investment bank Morgan Stanley said in a report issued on Feb. 15.

Hong Kong stocks open above 24,000, for first time in 18 months


The Hang Seng Index opened up at 0.6 per cent at 24,139.31, while Shanghai Composite Index traded 0.16 per cent up at 3,217.73