Scotland voted to stay in the U.K. in a referendum on independence, stepping back from a breakup of the 307-year-old union while wringing promises of more financial power from Prime Minister David Cameron.
Alibaba Group Holding Ltd., the e- commerce company started in 1999 with $60,000 cobbled together by Jack Ma, today cemented its status as a symbol of China’s economic emergence by raising $21.8 billion in a U.S. initial public offering.
The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday.
U.S. stocks rose and commodities rallied on a report that China’s central bank is boosting stimulus measures. Treasuries advanced while the dollar fell on bets the Federal Reserve won’t be in a hurry to raise rates.
Japanese actress and singer Yoshiko "Shirley" Yamaguchi, who was nearly executed in China at the end of World War II, has died at the age of 94 after a life as dramatic as any of her films. Yamaguchi, who was born to Japanese parents in pre-war Manchuria, where her father worked for the railway, entertained Chinese and Japanese audiences posing as a Chinese under her assumed identity Li Xianglan. The actress, who formally went by the surname of her late husband and diplomat Hiroshi Otaka, succumbed to heart failure at her home in Tokyo on September 7, her family said Sunday. "She watched various DVDs including movies and documentaries from other countries like China and the United States."
U.S. stocks fell, after the Standard & Poor’s 500 Index had its best month since February, as energy producers sank with the price of crude to offset data showing U.S. manufacturing expanded at the fastest pace in three years.
Oracle Corp.’s Larry Ellison stepped down as chief executive officer of the software maker he founded, making way for a new generation of executives and ending one of the most profitable runs for a leader in business history.
China’s central bank joined its European counterpart in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world’s biggest economies as the U.S. reduces stimulus.
Britain’s main party leaders are making their final pleas to Scots voters to keep the union whole, pledging unprecedented powers to head off independence they warn would estrange Scotland from the U.K. forever.
While David Cameron pledged today to take “whatever steps are necessary” to confront Islamic State after the beheading of a British hostage, no decisions are likely until after Scotland’s independence referendum.