Gok Erl Yap

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South Korean president warns of long-term slump risks

SEOUL (Reuters) - President Park Geun-hye said on Wednesday the South Korean economy was still in crisis despite some signs of improvement and warned that Asia’s fourth-largest economy could fall into a long-term slump.<p>South Korea's President Park Geun-hye addresses the 69th United Nations General …

Deutsche Bank reshuffles management board, names new CFO

FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) will reshuffle top management by naming Marcus Schenck, former finance chief at energy group E.ON (EONGn.DE) and Goldman Sachs banker, as chief financial officer and putting current CFO Stefan Krause in charge of operations and strategy, the bank said …

‘Doing Business’ survey at World Bank has a new look, but China will still not be happy | Financial Times

The World Bank’s annual “Doing Business” rankings have long been a favourite grousing point for policymakers in the developing world and a regular …

Fortunes Of Chinese Property Billionaires Tumble Amid Chilling Market

Chills in China’s property market are seeping into the fortunes of China’s richest tycoons.<p>This year 17 real estate billionaires made the top 100 of the Forbes China Rich List. Their fortunes came to $63 billion, a 12% drop from the $71 billion that 21 property tycoons in the top 100 commanded last …

Best advice from CEOs: 40 execs' secrets to success

Warren Buffett<p><b>Chairman and CEO—</b><b>Berkshire Hathaway</b><p>Advice for young women: “You do the same thing a male will do. You follow your passions. You find …

Facebook Delivers A Very Good Quarter But Expense Outlook Causes A Pullback

Facebook reported very good September quarter results but surprised investors with its very aggressive expense ramp in 2015 (non-GAAP expenses to rise 50%-70% year over year). September quarter revenue of $3.2 billion increased 59% year over year almost matching June’s 61% growth rate and was $80 …

America's Cheapest Airline Looks to Make Flights Even Cheaper

Lower fuel costs helped Spirit Airlines' stock soar this week, and may even mean cheaper flights for travelers. Just don't expect Spirit's fees to …

Flying

BlackBerry CEO: Don't be tempted by trendy, popular phones. Buy ours instead

<i>This post is in partnership with Entrepreneur. The article below was originally published at</i> <i>Entrepreneur.com</i><i>.</i><p>By Jason Fell, Entrepreneur.com<p>Kim …

The court document that shows how Tim Cook does business

Apple CEO Tim Cook is a notoriously tough operations executive. He was, of course, the company’s chief operating officer for years, and Apple’s market-leading hardware execution, efficiency, and supply chain all prove his worth. “Tim’s a tough negotiator,” AT&T Mobility chief Glenn Lurie said in a …

Tim Cook

Change in China for family succession

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/business/1119000/1119585_h264_1500k.mp4?__gda__=1524664388_f22b47b40472a6a67b32c5638728ec92<p><b>Jonathan Choi was studying in Japan when his father called, demanding he return to Hong Kong to help run the family firm - a seafood trading</b> …

Asia not the only route to growth, say executives

Invest in emerging markets like China, India, Indonesia, South America and Sub-Saharan Africa at your peril, the pros will tell you. There is a laundry list of risks one has to deal in such places – be they corruption, political instability, difficulties of enforcing contract law, nepotism, poor …

How Steve Jobs Broke All of Richard Branson's Rules

The iconic entrepreneurs had very different management approaches. Richard Branson shares why Jobs's style worked for Apple but it's unlikely to work for your company.<p>What do the management styles of Virgin founder Richard Branson and Apple's Steve Jobs have in common? If you said, "Absolutely …

Richard Branson

As Infrastructure Crumbles, Trillions Of Gallons Of Water Lost

Imagine Manhattan under almost 300 feet of water. Not water from a hurricane or a tsunami, but purified drinking water — 2.1 trillion gallons of it.<p>That's the amount of water that researchers estimate is lost each year in this country because of aging and leaky pipes, broken water mains and faulty …

The Willy Wonka of Sriracha: Behind the Gates of David Tran's Factory

Huy Fong's chief talks about his successes, his challenges, and his imitators.<p>Even if you’re not a hot-sauce enthusiast, you may find yourself a little watery-eyed over the story of David Tran, the 68-year-old chief executive of Huy Fong Foods. The maker of America’s best-known Sriracha—a Southeast …

Fireball Whiskey recalled in Europe over additive concerns

<b>(Facebook)</b><p>“Tastes like heaven, burns like hell,” maybe contains too much antifreeze<p>Lindsay Abrams<p>October 28, 2014 8:07pm (UTC)<p>Fireball, the wildly popular cinnamon-flavored whiskey, is apparently too intense for Europe. Bottlers in Finland, Sweden and Norway are recalling the 66-proof beverage over …

Has quantitative easing worked in the US?

<b>One of the biggest economic experiments of our age is coming to an end.</b><p>The United States Federal Reserve has called time on "quantitative easing" (QE), a policy that has pumped trillions of dollars into the US financial system.<p>The jury is still out - and will be for a long time - on whether it has …

Hong Kong is still a very easy place to do business, even after a month of protests

HONG KONG—Hong Kong’s Occupy Central, which vowed to bring the city’s financial center to a standstill if demands for democracy aren’t met, hasn’t quite done its job. The World Bank says that despite the pro-democracy protests, Hong Kong is still the world’s third-best locale to do business.<p>The …

Hong Kong

There’s a 30% chance your shrimp isn’t what you think it is

Be it cocktail, scampi, or alfredo, that shrimp you just ate was very possibly an impostor.<p>The environmental group Oceana DNA tested shrimp at 111 restaurants and grocery stories across the United States and found 30% were mislabeled, most often by pretending that whiteleg shrimp, which is often …

South-east Asia

Why are America's biggest businesses struggling?

America loves a good comeback story. Especially when the stock market is the protagonist.<p>Investors were having panic attacks mid-month. Nearly all the gains for the year were wiped out. Now the Nasdaq and S&P 500 are both positive for October and way up for the year. The Nasdaq is up over 1% this …

Since joining Facebook, Instagram is getting more and more love from big brands

The number of big companies posting once a day on Instagram has doubled in the past two years, according to a new report out from social analytics …

Groundhog Day in Moscow as Russia seizes another privatized oil company

A Russian court ruled to seize the shares of Bashneft, one of the country’s largest oil companies, effectively renationalizing it and overturning an …

Australia's ANZ bank announces record annual profit

<b>One of Australia's biggest lenders, ANZ, has announced a record full-year net profit of A$7.3bn ($6.4bn, £4bn), up 15% from a year earlier.</b><p>In a statement, the lender also said its cash profit rose 10% to A$7.1bn during the same period.<p>The cash profit number is the bank's preferred measure of …

Fortune.com

• 1. To license Fortune articles, excerpts, or headlines for republication in various media (including books, eBooks, film, web, newsletters, …

Ahead of the Bell: US consumer spending

WASHINGTON (AP) — The Commerce Department releases its September report on consumer spending, which accounts for 70 percent of economic activity. The …

RBS takes $640 million forex hit and warns more to come

LONDON (Reuters) - State-backed Royal Bank of Scotland (RBS.L) has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.<p>A man walks past a branch of The Royal Bank of …

An HSBC director just likened Hong Kong’s citizens to slaves

HONG KONG—An HSBC board member riled Hong Kong’s pro-democracy protesters by likening the city’s citizens to American slaves who should be more patient about gaining the right to vote.<p>According to a Hong Kong newspaper, at a trade meeting in Paris on Oct. 29 Laura Cha said: “American slaves were …

Hong Kong

Gold Falls Below Key $1,180 Support As Stocks, Dollar Strengthen; Sell Stops Hit

<b>(Kitco News) -</b>Gold fell below a key chart-support level that traders have talked about for weeks – a triple bottom around $1,180 an ounce.<p>The December gold futures on the Comex division of the New York Mercantile Exchange tumbled as far as $1,162.10 an ounce Friday, their lowest level in four years …

Xiaomi Aims To Raise At $40 Billion And Become World's Most Valuable Private Tech Firm

Xiaomi, the Chinese electronics manufacturer and fourth-largest smartphone maker in the world, is exploring the option of raising funding that could value the company at more than $40 billion.<p>Multiple sources confirmed to FORBES that the Beijing company is considering raising more money and …

Hermes to close commodities business, joins flight from sector

LONDON (Reuters) - Hermes Investment Management on Friday joined an exodus of financial institutions from commodities, saying it planned to close its business in the sector due to difficulties in making returns and a shift in investor attitudes.<p>Many fund managers have struggled to make profits in …