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China’s Bid to Dominate Oil Pricing Will Fail

China’s Bid to Dominate Oil Pricing Will Fail

Chinese regulators say they are on the cusp of launching their own oil futures contract, priced in yuan. Chinese future markets are already key in setting iron and coking coal prices—but a yuan denominated oil contract will struggle.

Published 3 weeks ago

Textbook Shopping Goes Online, Driving Prices Down

Textbook Shopping Goes Online, Driving Prices Down

The same surge in online comparison shopping that has pushed prices lower for toys, electronics and other popular goods is upending the traditional textbook business model and forcing sellers to provide new, cheaper options.

Published 3 weeks ago

News review: The most read stories of 2017

News review: The most read stories of 2017

A few big events dominated your reading this year

Published 1 second ago

Unemployment in Japan hits 24-year low

Unemployment in Japan hits 24-year low

Decline highlights durability of economic expansion as labour shortages bite

Published 1 second ago

Power and Big Tech 2017

Power and Big Tech 2017

War is being waged by policymakers and Silicon Valley over freedom and regulation

Published 1 second ago

Vietnam army reveals 10,000-strong cyber warfare unit

Vietnam army reveals 10,000-strong cyber warfare unit

Communist party tackles ‘wrong views’ as growing numbers of citizens go online

Published 1 second ago

Credit Unions Want Permanent Say Over Regulator’s Budget

Credit Unions Want Permanent Say Over Regulator’s Budget

A bill that could become law next year would require the U.S. credit-union regulator to submit its budget to public comment, a change that critics say gives the industry a platform for influencing its overseer.

Published 3 weeks ago

Beijing demands returns to China of LeEco founder Jia Yueting

Beijing demands returns to China of LeEco founder Jia Yueting

Authorities says tech tycoon is not answering their queries on outstanding debt

Published 1 second ago

South Korea’s LG Will Begin OLED Production in China

South Korea’s LG Will Begin OLED Production in China

The move comes after a summit between South Korean leader Moon Jae-in and Chinese President Xi Jinping partially aimed at restoring economic ties.

Published 3 weeks ago

China Sentences ‘Super Vulgar Butcher’ Activist to Eight Years in Prison

China Sentences ‘Super Vulgar Butcher’ Activist to Eight Years in Prison

Wu Gan had become known for attention-grabbing campaigns including one in which he posed for online portraits brandishing knives that he said he would use to “slaughter the pigs” among local officials who had done wrong.

Published 3 weeks ago

Euro hit by sudden Christmas Day plunge

Euro hit by sudden Christmas Day plunge

Single currency drops as much as 3% in minutes in suspected computer-driven sell-off

Published 1 second ago

Slow and Steady: Japanese Inflation Creeps Toward 2% Target

Slow and Steady: Japanese Inflation Creeps Toward 2% Target

The Japanese economy is picking up more and moving toward the central bank’s 2% inflation goal, though only gradually, according to new government data.

Published 3 weeks ago

Airlines’ Rising Costs Threaten to Drag on Their Profit  Margins

Airlines’ Rising Costs Threaten to Drag on Their Profit Margins

Airlines are paying more for fuel, labor and maintenance, drawing scrutiny from investors who fear the industry’s rising costs threaten margins during a record stretch of profitability.

Published 3 weeks ago

Retailers Feel Shoppers’ Christmas Cheer

Retailers Feel Shoppers’ Christmas Cheer

Shoppers of all income levels spent more this holiday season, prompting some Yuletide joy among retailers that struggled through a difficult year.

Published 3 weeks ago

In 2017, Our Sports Got Loud and Weird

In 2017, Our Sports Got Loud and Weird

From the NFL to the NBA and beyond, the myth of games simply being games is over.

Published 3 weeks ago