Edition:
India

Cheng Leng

Analysis: Stepped up Chinese scrutiny increases investment risk of 'Beast' Ant

15 Oct 2020

BEIJING/HONG KONG As Ant Group was working in August towards its giant IPO, at least two smaller Chinese banks with existing ties to the fintech firm decided to stop sourcing new consumer loans from it, people with knowledge of the matter said. | Video

ANALYSIS-Stepped up Chinese scrutiny increases investment risk of 'Beast' Ant

15 Oct 2020

* Regulator sharpens focus on banks using Ant for consumer loans

Exclusive: China preparing an antitrust investigation into Google - sources

30 Sep 2020

BEIJING/SINGAPORE/SHENZHEN, China China is preparing to launch an antitrust probe into Alphabet Inc's Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said.

UPDATE 1-China’s Anbang Insurance Group to apply to disband, liquidate

14 Sep 2020

BEIJING, Sept 14 China's Anbang Insurance Group said on Monday that it will apply to the country's banking and insurance regulator to disband and liquidate the company, a step towards the official end of the once high-flying conglomerate.

UPDATE 3-China's BoCom posts first H1 profit fall since listing as bad debts rise

28 Aug 2020

* NIM 1.53% at end June vs 1.55% at end March (Adds comments from officials)

Chinese banks to post first first-half profit drop in over a decade amid pandemic pain

24 Aug 2020

BEIJING/HONG KONG Some of China's largest banks are set to post their first drop in first-half profits since the global financial crisis, hit by a surge in bad debt and higher loan-loss provisions due to the coronavirus pandemic, analysts and official data indicate.

Chinese banks to post first first-half profit drop in over a decade amid pandemic pain

24 Aug 2020

BEIJING/HONG KONG Some of China's largest banks are set to post their first drop in first-half profits since the global financial crisis, hit by a surge in bad debt and higher loan-loss provisions due to the coronavirus pandemic, analysts and official data indicate.

UPDATE 1-China's debt collectors flourish as consumers flounder in a COVID-hit economy

13 Aug 2020

SHANGHAI/BEIJING, Aug 13 It's not a good sign for any economy when debt collectors are booming and in China right now, the industry is on a hiring spree.

China's debt collectors flourish as consumers flounder in a COVID-hit economy

13 Aug 2020

SHANGHAI/BEIJING It's not a good sign for any economy when debt collectors are booming and in China right now, the industry is on a hiring spree.

World News

In final Trump-Biden showdown, less chaos but plenty of clashes

U.S. President Donald Trump and Democratic challenger Joe Biden offered sharply contrasting views on the still-raging coronavirus pandemic at Thursday's final presidential debate, seeking to persuade the few remaining undecided voters 12 days before their Nov. 3 contest.