What’s News
Wang Jianlin Makes His Move on Hollywood
Dalian Wanda’s Wang Jianlin is on a push to extend Chinese cultural influence through movie production, cinemas and theme parks. Through a global shopping spree, China’s richest man is positioning Dalian Wanda in every stage of the entertainment life cycle.
Yuan’s Appeal Wanes as It Joins IMF’s Reserve-Currencies Club
The Chinese yuan’s entry into the International Monetary Fund’s elite club of global reserve currencies this weekend comes just as its progress in becoming a major international trading currency is stalling.
China Graft Sets Back Industrial Overhaul
China is struggling with a string of rust-belt corruption cases that reflect the government’s troubles delivering on one of its signature policies: reducing the bloat in major industries that are dragging down the economy.
Uber Looks to Rev Up in Japan
Uber plans to ramp up its business in Japan, a wealthy country full of potential customers, even though its core ride-hailing service is barred from the country.
India’s Army on Alert at Border in Wake of Kashmir Strikes
India’s army guarding its de facto border with Pakistan was on alert amid concerns of military escalation after India carried out strikes against militants in Pakistan-controlled territory a day earlier.
Thailand Confirms Region’s First Cases of Zika-Linked Birth Defects
Two infants have microcephaly related to infections of the Zika virus, the first such cases to be announced in Southeast Asia where health authorities have been tracking outbreaks in several countries.
Hedge Funds Profit on Bets Against Deutsche Bank
Hedge funds that have placed bets against Deutsche Bank are reaping the rewards, amid reports that clients have pulled billions of dollars from the bank amid concerns about its stability.
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JOIN NOWOn April 20 2010, the Deepwater Horizon oil rig exploded in the Gulf of Mexico, creating the worst spill in U.S. history. Now a film has been released which tells the story of those working on board.
‘Deepwater Horizon’ Poses Fresh Woes for BP
The new movie, a $100 million-plus production from Lions Gate, doesn’t shy away from unflattering portrayals of BP executives, who are depicted as more concerned about budgets and schedules than safety. 88
Bidders Circle Japanese Sushi Chain
Bidders including Asian private-equity firm MBK Partners LP are in discussions to buy Japanese sushi chain Sushiro., in a deal that could fetch about $1.5 billion.
Glencore Reviewing U.S. Allegations Against Business Partner
Swiss mining giant Glencore is reviewing U.S. prosecutors’ allegations that one of its key business partners in the Democratic Republic of Congo bribed government officials to gain access to key resources in the impoverished Central African nation for years.
Glencore’s Congo Connection Adds Another Source of Unease
The Swiss company’s ties to mining tycoon Dan Gertler, entangled in Och-Ziff’s bribery case, could pose more problems for a firm already struggling with other woes.
Oil Wavers as Doubts Grow Over OPEC Deal
Crude oil futures flipped between gains and losses Friday as market participants continued to weigh a tentative agreement to cut production among OPEC members and as investors cashed in recent gains.
FTSE Russell Opts Not to Add China’s Local Currency Shares to Indexes
The FTSE Russell index group has decided against adding China’s local-currency shares to its global benchmarks, reflecting investor concern over the openness and transparency of China’s stock markets.
Iraq Quarrel on Production Number Could Sink OPEC Deal
A crack is already evident in OPEC’s deal to cut oil production: Resurgent producer Iraq is disputing the output numbers that underpin the accord.
Retail’s Biggest Debate: Should You Pay More to Use a Credit Card?
The Supreme Court’s decision to take up the question of whether retailers can charge more when shoppers use credit cards has put it in the middle of a growing international debate. 193
SoftBank Plans $4.5 Billion Investment in South Korean Tech Sector
SoftBank CEO Masayoshi Son said he intends to invest around $4.5 billion in South Korea’s technology sector over the next decade, with money going to fields including smart robots, the “Internet of Things” and artificial intelligence.
Hackers Infect Army of Cameras, DVRs for Massive Internet Attacks
Hackers used an army of hijacked security cameras and video recorders to launch several massive internet attacks last week, prompting fresh concern about the vulnerability of millions of “smart” devices in homes and businesses connected to the internet. 107
Samsung Battles Trust Concerns in China
Samsung sought to reassure consumers in China that its phones are safe in the country, as surveys suggested that confidence was taking a hit in a critical market for the smartphone giant.
5 Reasons Wal-Mart May Want a Slice of India’s Flipkart
Here are five reason analysts say the world's largest retailer might want a tie-up with the Indian startup.
The headquarters of the Industrial Bank of Japan, financier for the industrial companies that drove Japan's postwar growth, is getting torn down, the latest landmark from the booming postwar era to disappear. Photo: Miho Inada/The Wall Street Journal
R.I.P.: Japanese Bank Tower That Embodied Nation’s Industrial Might
A bank tower that once stood at the center of Japan’s postwar industrial power will start to be demolished Saturday, one of several boom-era structures being torn down against the will of architectural preservationists.
Shimon Peres Laid to Rest
‘Now his work is in the hands of Israel’s next generation,’ President Obama says at the funeral of the statesman, which was also attended by Palestinian President Mahmoud Abbas. 80
Pope Offers Cautious Support for Refugees in Georgia
Pope Francis spoke out in support of refugees on a visit to the former Soviet republic of Georgia Friday, in a carefully calibrated statement that could still irritate the country’s powerful neighbor, Russia.
Dutch Call Russian Ambassador to Hague Meeting Over Flight MH17
Tensions between the Netherlands and Russia over the downing of Malaysia Airlines Flight 17 deepened Friday after Dutch authorities called for a meeting with Russia’s ambassador.
Video
Uber Starts Food Delivery Service to Crack Japan's Market
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Duterte Compares Himself With Hitler
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Skydivers Swing From Hot-Air Balloons to Set World Record
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Indian Comic Book Makes Heroes Out of Rape and Acid-Attack Survivors
"Priya's Mirror," tells the story of a rape victim who helps acid attack survivors realize their dreams in a colorful, magical world inspired by Indian mythology.