BUSINESS >>Insider's Eye

BOA punches above Wells Fargo's weight as bosses work to put banks' past behind them

Bank of America (BOA) is punching above Wells Fargo's weight. The Charlotte-based bank earned $6.7 billion for its common shareholders in the third quarter, or an 11 percent annualized return ...
Source: Global Times | 2018/10/17 19:13:40

Chinese initiative to support Africa's development

At the 2018 Forum on China-Africa Cooperation (FOCAC) in Beijing, China announced that it will launch eight major initiatives, including a trade facilitation initiative to push forward China-Africa economic and ...
Source: Global Times | 2018/10/17 19:08:40

Markets are finally getting back to basics as blind faith gives way to facts on the ground

Blind faith in US stocks may be giving way to the facts on the ground. A slump overnight slowed on Thursday, partly thanks to a tame US inflation report. Yet ...
Source: Global Times | 2018/10/16 18:53:40

Trust needed among countries to work together to fight cybercrime across borders

Cybercrime might sound intangible, but the losses incurred from cybercriminal activities are easily felt. In 2017, cybercrime cost businesses worldwide $1 trillion, and the figure is projected to grow to ...
Source: Global Times | 2018/10/15 20:43:41

'America First' can't trump the pursuit of profit

At a moment when the US-China trade war continues to escalate, the US is using every possible method against China. Aside from wielding the tariff stick, the US now is ...
Source: Global Times | 2018/10/15 20:28:39

Renewable energy can bring China, Mongolia closer

China needs to seize the opportunities presented by Mongolia's push for renewable energy resources. As China shares a border with the southern part of Mongolia, which abounds in wind and ...
Source: Global Times | 2018/10/14 18:38:39

BMW aiming for first-mover benefits by taking advantage of China's new JV rules

BMW has drafted a Chinese JV owner manual for its rivals. The luxury carmaker says it will pay $4.2 billion to take control of its venture with Brilliance China Automotive, ...
Source: Global Times | 2018/10/14 18:18:39

PBC's RRR cut right move in current economic situation

China recently decided to cut the reserve requirement ratio (RRR) by 100 basis points, which will take effect on Monday. This is the fourth time this year the People's Bank ...
Source: Global Times | 2018/10/11 19:53:41

SoftBank boss showing belief in WeWork but massive investment might not pay off

SoftBank is in danger of over-WeWorking itself. The Japanese group may invest up to $20 billion for a majority stake in the office-sharing outfit, the Wall Street Journal reported. Such ...
Source: Global Times | 2018/10/11 19:53:40

China must focus on its own priorities amid trade row

The Chinese stock market has suffered heavy losses this year. During the Ambrosetti Forum in Italy last month, Zhou Xiaochuan, former governor of the People's Bank of China, said that ...
Source: Global Times | 2018/10/10 21:58:42

Unilever climbdown over relocation shows investors' power when they join forces

A confident leader calls a vote to resolve a long-running debate. However, his campaign lacks punch. A growing number of voters declare their dissent. As the ballot approaches, the result ...
Source: Global Times | 2018/10/10 19:28:40

Will China's move to cut tariffs prompt US rethink?

China's central government, unfazed by the escalating trade war launched by the US, seems determined to open the country wider to other economies in the world so that they can ...
Source: Global Times | 2018/10/9 20:08:39

Facebook's size and complexity make efforts to deal with latest crisis more difficult

Facebook is late in dealing with an existential threat for the second time in its 14-year life. Poor security, low-quality content and excessive advertising are as big a danger to ...
Source: Global Times | 2018/10/9 19:43:40

Japan's economic recovery to help offset trade tension

There are increasing signs that Japan's economy is gradually recovering from its longstanding weakness, which could be a sea change for a country that has suffered “two lost decades.”
Source: Global Times | 2018/10/8 22:23:40

Slowdown in memory sales, ongoing legal troubles likely to rile Samsung investors

Samsung Electronics is close to maxing out its memory limits. South Korea's $260 billion electronics conglomerate is on track for another quarter of record operating profit, but memory prices will ...
Source: Global Times | 2018/10/8 18:58:40

US struggling to follow EU's success in creating coherent strategy for data protection

The US could borrow some ideas from Europe on data privacy. Executives from Amazon, Apple and Alphabet unit Google, among others, told US senators on September 26 that a federal ...
Source: Global Times | 2018/10/7 19:13:40

World needs good economics to escape bad politics

Bad economics breeds bad politics. The global financial crisis, and the botched recovery thereafter, put wind in the sails of political extremism. Between 2007 and 2016, support for extremist parties ...
Source: Global Times | 2018/10/7 19:08:39

Suspicion of China's aims won't help Africa develop

The 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC), held from September 3-4, issued two important documents. The declaration and action plan not only reflect China's major role ...
Source: Global Times | 2018/10/1 15:03:45