Statistics | Money supply continues to grow

Since total loans decreased at a faster pace than total deposits, the banking sector’s overall loan-to-deposit ratio dropped slightly from the previous month, according to statistics released yesterday by the

Ailing Korean shipper Hanjin moves to resolve cargo chaos

Moving to unsnarl the chaos in its container cargo after it filed for bankruptcy protection, Hanjin Shipping Co. will seek stay orders in dozens of countries, the Financial Services Commission

Corporate Bits | World-renowned DJ to take center stage at cotai arena

Armin Van Buuren, voted five times by a global audience as the world’s number one DJ, is coming to the Cotai Arena at The Venetian Macao, as part of his

Tencent now China’s top company in private economy triumph

Tencent Holdings Ltd. has surpassed China Mobile Ltd. to become the country’s most valuable corporation, underscoring the growing importance of a vibrant private economy over lumbering state-owned enterprise. Tencent rose 4.2 percent

Embraer sells aircraft in China

Chinese airline Colorful Yunnan General Aviation Co. has ordered two Phenom 300 light executive jets from Brazilian aeronautical manufacturer Empresa Brasileira de Aeronautica (Embraer), and signed the contract to purchase

Fosun Group starts talks to buy 16.7 percent of BCP bank

The board of Portuguese bank Banco Comercial Portuguese (BCP) will start talks with Chinese group Fosun that in July proposed the immediate purchase of 16.7 percent of the bank through

G-20 Summit | China agrees on steps toward reducing steel exports

China agreed to steps toward reducing its politically volatile steel exports but avoided binding limits as leaders of major economies ended a summit yesterday with a forceful endorsement of free

Hong Kong residents-only apartments sell out on first day

A China Overseas Land & Investment Ltd. project restricted to Hong Kong residents sold out all 300 apartments on the first day, the company said, while two other developers launched

Philippines | Duterte tells Obama not to question him about killings

Philippine President Rodrigo Duterte warned President Barack Obama yesterday not to question him about extrajudicial killings, or “son of a bitch I will swear at you” when they meet in

Myanmar | Leader says Rakhine commission will help heal wounds

Myanmar leader Aung San Suu Kyi expressed confidence yesterday that former U.N. Secretary-General Kofi Annan and a commission he is leading to resolve religious conflict in western Rakhine state will

South China Sea | ASEAN summit may bow to Chinese pressure

Southeast Asian leaders are likely to avoid any official mention at a summit this week of an arbitration ruling that shot down China’s expansive territorial claims in the South China

Rare focus on little-known Laos as it hosts major summit

The three-day summit of the Association of Southeast Asian Nations shines a rare spotlight on the landlocked nation of Laos, which usually stays under the radar. Along with Brunei, it

Eurozone economy ‘losing momentum’ as Germany falters

The 19-country eurozone lost some economic momentum in August, largely because of a slowdown in Germany, a closely watched survey showed yesterday, days ahead of another possible stimulus package from

Syria | Multiple bomb blasts in cities kill at least 48

At least 48 people were killed in a string of bombings inside government territory in Syria, state media reported yesterday. The Islamic State group has claimed responsibility for the attacks. The Britain-based

Russia, Saudi Arabia pledge to stabilize oil output

The world’s two largest oil producers, Russia and Saudi Arabia, yesterday agreed to act together to stabilize global oil output, though it’s unclear what that might entail. Energy ministers Alexander Novak

This Day in History | 1971 Sailor’s record ‘wrong way’ voyage

A British man has become the first to sail the world non-stop in the “wrong” direction - east to west - against the prevailing winds and currents. Chay Blyth, 31, set

Offbeat | Indonesia condemns palm oil firm’s hostage-taking over fires

Indonesia’s minister of environment and forestry has condemned attempts by a palm oil company to stop an investigation into forest fires by taking ministry investigators hostage. A team of seven officials

German court rejects 10 Russian athletes’ Paralympic bid

A German court has rejected a bid from 10 Russian athletes for an injunction allowing them to compete at the Paralympics in Rio de Janeiro. The entire Russian Paralympic team has

Tennis | Finally in full match, Djokovic wins at Open despite elbow

Novak Djokovic was not interested in discussing in any detail why he needed a trainer to work on his right elbow during an otherwise matter-of-fact 6-2, 6-1, 6-4 victory over

Former great Franz Beckenbauer has heart surgery

Former football great Franz Beckenbauer has had open-heart surgery and received at least one bypass, according to a report in a German newspaper. Beckenbauer’s management team has not responded to a

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