With growing concerns in bond and short-term money markets about a credit crunch, South Korea's government has decided to broaden its corporate bond-buying program, along with taking up other liquidity-supply measures.   Choo Kyung-ho, Minister of Economy and Finance, announced on Sunday...

According to Bloomberg News, China's Ministry of Industry and Information Technology has held a series of emergency meetings with leading semiconductor companies over the last week to assess the impact of US chip restrictions.   According to the report, the ministry summoned executives from...

Unknown damage to the Nord Stream pipelines running beneath the Baltic Sea has dashed hopes that Russian gas flow to Germany will resume soon.   Nord Stream 1 had been shut down for maintenance since the end of August, raising concerns about supply to Europe if the outage was prolonged....

As Europe prepares for a winter of limited Russian gas, a cost-of-living crisis, and the looming threat of recession, the 27-nation European Union is strategizing its next course of action to control rising energy prices and protect consumers from soaring bills.   "We need to find a quick...

The industry claimed that Britain's temporary revenue cap on low-carbon electricity producers was a "de facto windfall tax" on sources of renewable energy.   The government is looking for ways to stop the skyrocketing cost of energy while also raising money to help pay for tax cuts, despite...

A blockchain connected to Binance, the world's largest crypto exchange, has been hit by a $570 million hack, according to a Binance spokesperson on Friday, the latest in a series of crypto sector hacks this year.   Binance CEO Changpeng Zhao stated in a tweet that tokens were stolen from a...

As part of a campaign against the notoriously murky online gaming market, the Philippines will shut down 175 offshore gambling companies and deport about 40,000 Chinese employees, a justice ministry official announced on Monday.   In 2016, the Philippines saw the emergence of a new industry...

As Moscow intensifies efforts to address financial problems brought on by sanctions, the central bank reported on Friday that the reach of Russia's alternative to the SWIFT international messaging system has expanded at a record rate this year.   Following Russia's deployment of tens of...

Masayoshi Son, the founder and CEO of SoftBank Group Corp, announced on Thursday that he would meet with Samsung Electronics to talk about a possible "strategic alliance" between the South Korean technology behemoth and chip designer Arm.   The billionaire's trip to Seoul will be his first...

In response to a worsening energy crisis that has exposed Europe's reliance on Russian fuel, Germany nationalized gas importer Uniper on Wednesday and Britain announced it would halve energy bills for businesses.   In the biggest escalation of the Ukraine war since Moscow's invasion on...

According to C.S. Venkatakrishnan, CEO of Barclays, investment banks will likely experience a change in revenue next year due to a rebound in banking and advisory fees that will cushion the blow from a decline in trading income.   Investment banks have reported strong results this year...