Deutsche Bank paying $55m settlement on incorrect reports

Germany's Deutsche Bank AG has agreed to pay $55 million to settle civil charges of filing incorrect reports during the financial crisis that downplayed risks of huge losses.

Gucci discounts prompt lines as firm clears stock

Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of shoppers to form since sunrise.

Tax debate shines light on flawed revenue base

Australian Treasurer Joe Hockey's pledge to consider excluding tampons from a sales tax has raised concern the government could end up shrinking its revenue base at a time when it needs expanding.

CSR department roles become more popular

Study shows 61% of participants work in firms that set up CSR units in the past year ZHU WENQIAN

Telecom firms bring hope in Colombia

By connecting Colombians with the world, Chinese telecoms firms are doing a great job in facilitating the Colombian government's anti-poverty drive, one of its main missions.

Financial giants help women entrepreneurs

The International Finance Corp, Ant Financial Group and the 10,000 Women Project of Goldman Sachs Group Inc recently launched China's first Internet financial loan service for women, to help tackle the financial problems facing small and micro-sized businesses and female entrepreneurs.

IN BRIEF (Page 18)

Philanthropists cast wide net to attract funds from donors

As China pushes ahead with its "Internet Plus" initiative of integrating Internet technologies with modern manufacturing, its philanthropists are promoting their own "philanthropy plus" initiative that hopes to use new investment models and technological innovations to maximize social giving.

LeTV slumps as founder announces share sale

LeTV Holdings Co Ltd founder and CEO Jia Yueting's plan of selling company shares worth more than 10 billion yuan ($1.61 billion) triggered a panic among investors that led to a price dip on the board of listed startups on Tuesday.

Gold fund set up for nations along Silk Road

China has launched a fund that is expected to raise around $16 billion for gold-related investments, including developing gold mining projects, as part of the "Belt and Road Initiative".

Wal-Mart makes online shopping steps for growth

Wal-Mart Stores Inc, the multinational retail conglomerate, launched an online-to-offline mobile platform in Shenzhen, Guangdong province, on Tuesday, looking for new business growth amid challenges brought about by the booming online shopping.

Shenzhen looks to move up the ladder

Boosting investment in innovation and nurturing talent could take the economy of Shenzhen, a testing ground for China's reform and opening-up, to a higher level within five years, according to local officials.