Your Evening BriefingBloomberg News
Many Chinese investors are so laid back when it comes to saving their cash that they don't even know where their money is going. Complacent savers have poured $9 trillion into wealth management products that invest in all kinds of risky assets, confident the government will never let a big one fail. While Beijing is keen to quash the assumption it will automatically bail out soured investments, it doesn't want to stand by and see a blowup spark a mass exodus. For policy makers, it's a delicate balancing act. —Alex Millson
Toshiba warns of its ability to continue as a going concern after finally reporting earnings for the third quarter without getting auditor approval. The Japanese company missed two previous deadlines for giving results as it grapples with billions of dollars in losses at its Westinghouse Electric nuclear-power business.
United Airlines is under fire for dragging a passenger off a plane. The seated man had refused to leave the aircraft after staff chose him to be bumped from the flight to make way for additional crew members. A video posted on Twitter showed the man being dragged down the aisle, to the disdain of fellow passengers. Predictably, social media went crazy.
Where to invest $10,000 right now. We asked six leading investors where they would invest a chunk of spare cash right now. Japanese stocks, battered emerging market stocks and bonds, and big drug companies were among their picks. Here's what our experts say you should do with your money.
Asia is swimming in debt. Twenty years after the Asian financial crisis and a decade since the global credit crunch, the region's debt binge is spread across companies, banks, governments and households, and it's inflating bubbles in everything from the price of steel rebar in Shanghai to property prices in Sydney. As the Federal Reserve raises borrowing costs, that means debt is again a concern.
Japan's top three brokerages are cutting back graduate hires in 2018 to the lowest level in five years. The cuts come as household investors continue to shun the stock market. For those lucky enough to land an interview, they still have to negotiate an etiquette minefield. This video explains how to win (or lose) that job.
China's use of the death penalty still outpaces the rest of the world combined, human rights activists say. Amnesty International reported 1,032 state-sponsored executions worldwide in 2016 - but that figure excludes China, whose government considers it a state secret. Human rights group Dui Hua estimates about 2,000 executions took place in China last year.
Poker-playing engineers, computer scientists and investors took on an artificial intelligence machine - and were thrashed. Venture capitalist Alan Du and a team of five players hoped their expertise in computing, artificial intelligence and investing would give them the edge over the "Lengpudashi" program. It didn't.