Category: FINANCE

Staffing at big four banks falls for first time since 2011 Total headcount at China’s four largest banks fell in 2016 for the first time in six years, as the lenders cut costs and tried to adapt their massive branch networks in the face of competition ... ( read original story ...)

BEIJING (Reuters) - China's Ant Financial tried to soothe security concerns about its proposed $880 million takeover MoneyGram International Inc on Thursday, saying it intends to store U.S. user data locally once the deal closes. The finance affiliate of ... ( read original story ...)

tightening the screws on North Korea requires help from China, which tacitly sustains the rogue nation’s stone-age economy and provides access to global financial markets. Trump, so far, hasn’t said how he’d improve on his predecessors’ policies ... ( read original story ...)

NAYPYITAW (Reuters) - China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for other economic and strategic opportunities ... ( read original story ...)

TORONTO/VANCOUVER — China’s Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 per cent stake in Barrick Gold Corp’s Veladero gold mine in Argentina, in a deal that could fetch more than US$1 billion, people familiar with the process told ... ( read original story ...)

China, the largest trading partner for the US ... Protection will lead to great prosperity and strength.” President Obama told Yahoo Finance last year that trade relations have been mischaracterized during the election and emphasized the importance ... ( read original story ...)

BEIJING China central bank will pursue a crack down on illegal fund transfers via underground banks and offshore companies, it said in a statement posted on its website on Wednesday. The People's Bank of China (PBOC) issued the message in a working meeting ... ( read original story ...)

I was in the right place at the right time as the Chinese looked around for famous investors," Buffett told Yahoo Finance. "I also made a couple of visits to China that received a fair amount of publicity and several American books about me got widely ... ( read original story ...)

China’s seven new free trade zones (FTZs) officially came into effect on April 1. The new FTZs were first announced in August 2016, and are located in Chongqing, Henan, Hubei, Liaoning, Shaanxi, Sichuan, and Zhejiang. The State Council issued guidelines ... ( read original story ...)

With Trump having repeatedly suggested on the campaign trail that China manipulated its currency to the downside ... head of Asia research at ING Financial Markets. "Ahead of the Trump-Xi summit favorable optics may have been a consideration," he said ... ( read original story ...)