Chinese tycoon’s all-in bet on Korean island

By Blake Schmidt & Yoojung Lee / Bloomberg SOMETIMES, all you need is a private jet. Soon after property tycoon Yang Zhihui bet his fortune on...

Robots in the dockyards: Shipbuilders automate to cut costs, hike productivity

By Kyunghee Park / Bloomberg A robot invasion is under way in one of the last labor-intensive industries— shipbuilding. In search of lower costs and speedier construction times,...

Forget trade war, China wants to win the computing arms race

AS the US and China threaten to impose tariffs on goods from aluminum to wine, the two nations are waging a separate economic battle...

Cities running on car batteries? Crazy idea that just might work

When Damien Maguire moved to the countryside outside Dublin, he struggled to keep the lights on at home because of the town’s constant power...

Only a technology revolution will restore Internet privacy

Sir Timothy Berners-Lee, credited with inventing the World Wide Web, tweeted up a storm last Thursday, reassuring Internet users that they could reassert control...

Rolls-Royce 787 engine snag extends to Airbus new A330neo

Glitches with Rolls-Royce Holdings Plc. engines that have dogged Boeing Co.’s 787 wide-body jet are also an issue for the competing A330neo model from...

A $54-trillion miss highlights India’s bond disconnect, unlearned lessons

India has much to learn from the opening of China’s onshore bond market. Last year Beijing allowed overseas investors to access local-currency securities via its...

China’s new monetary chief to follow Zhou’s reform path

China’s incoming central bank governor, Yi Gang, signaled that he’ll push to maintain the course of financial liberalization set by his predecessor Zhou Xiaochuan. The...

Modi under fire as $2-billion India fraud hits anti-graft image

Shortly after a $2-billion bank fraud was uncovered last month at India’s state-owned Punjab National Bank (PNB), a picture emerged of Prime Minister Narendra...

After years of energy chaos, Germany gets a champion

EON SE’S €22-billion ($27.1-billion) bid for Innogy SE establishes a German energy champion after Angela Merkel’s radical energy policy wrought years of upheaval on the...

Big tech firms are already behaving like the big banks

Picture a bank that lends $1 billion to small businesses in 12 months, holds $150 billion in corporate bonds, runs the world’s largest money-market...

US oil-export surge means Opec’s production cuts may be doomed

Oil risks sliding back under $60 a barrel as a surge in US shipments to Asia threatens to undermine a deal between the Organization...

Frenemies: Opec finds US shale oil output an intractable problem

IN front of the Petroleum Club of Midland, Texas—capital of the booming Permian shale region—an electronic display flashes two crucial pieces of information: the...

Tech firms question Hong Kong strategy to attract next Alibaba

Technology companies and service providers are questioning key parts of Hong Kong’s plan to allow dual-class shares, just as firms, including Xiaomi Corp. and Tencent...

China turns fiscal screws while maintaining 6.5-percent red line on gross...

China stepped up its push to curb financial risk, cutting its budget-deficit target for the first time since 2012, and setting a growth goal...

What an extension of Xi Jinping’s reign in China means for investors

The removal of presidential term limits should guarantee one thing for investors—their China portfolios will be increasingly tied to one man. Markets initially welcomed China’s...

Bitcoin bitterness starts to make messy divorces even worse in UK

Divorces are messy, and cryptocurrencies are helping to make them a whole lot more so. Virtual currencies, such as Bitcoin and Ethereum, are a new...

Once Opec’s oil-price dove, Saudi Arabia takes a harder line

For decades, Saudi Arabia was the voice of moderation within the Organization of Petroleum Exporting Countries (Opec), pushing back against the urging of members...

Shares of India’s government-owned banks still dropping as fraud impact widens

Shares of India’s government-controlled banks fell on Monday as more lenders disclosed exposure to one of the nation’s biggest frauds. UCO Bank tumbled 7.5 percent...

Traders bloodied by global stock wipeout seek clues

When will it finally stop? After a jarring week that rattled financial centers from New York to Hong Kong, and wiped out almost $5 trillion...