Banking
South Korea Allows Domestic Banking Partners
South Korea will allow new domestic players into its banking industry to break the domination of the sector by just five commercial banks.
Author: Luca Ventura
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Economics, Policy & Regulation
IMF Accepts Argentina’s Debt Repayment In Yuan
Along with India’s recent use of the Chinese currency to buy Russian oil, Argentina’s move is an example of the global economy's de-dollarization.
News
Japanese, South Korean Leaders Meet But Normalization Remains Elusive
Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol visited a memorial to Koreans killed when the first atomic bomb was dropped on the city 78 years agoyet fully normal diplomatic ties between Tokyo and Seoul still appear to be a long way off.
Capital Raising & Corporate Finance
LVMH Tops $500 Billion Market Cap
In April, LVMH reported a 17% year-over-year increase in first-quarter revenues, more than twice what analysts expected.
Capital Raising & Corporate Finance
China: IPOs Surge Under New Listing Rules
The new rules—which debuted in Shanghai and Shenzhen last month—are aimed at speeding up listings and boosting corporate fund-raising.
Economics, Policy & Regulation
Germany: Last Nuclear Plant Shut Down
Germany's closure of its last nuclear power facilities amid potential energy shortages and rising prices due to the end of gas and oil imports from Russia.
Data
Economic Freedom by Country 2023
Global economic freedom has taken a sustained hit thanks to the aftershocks of the Covid-19 pandemic.
Data
The World’s Biggest Bankruptcies 2023
The global pandemic pushed many shaky companies to the edge of bankruptcy, the energy crisis and steep rate hikes sealed their fate. But some of them will emerge stronger and more profitable as a result.
Economics, Policy & Regulation
Biden Flip-Flops On Climate With Willow Project Approval
The Biden administrationpleased progressives by cancelling drilling projects on federal territory shortly after taking officebut recently approvedConoco Phillips’s $8 billion Willow Project in Alaska.
Sustainable Finance
Landmark 200-Nation Deal Could Save Marine Resources
The treaty does not overrule provisions set by numerous and often conflicting authorities that currently regulate fishing, shipping and deep-sea mining on the high seas.
News
Vietnam: Population Hits 100 Million
While China's population is starting to shrink, Vietnam's is growing in tandem with the economy.
News
India Lithium Find Is A Rare Treasure
Large lithium deposits have been found in the troubled region of Kashmir.