Korea: 9 brokerages, trust firms under investigation

The financial watchdog said it started investigating nine securities and asset management firms, Monday, to see if they violated rules requiring them to inform investors of the risks and other details of their products.


China Backtracks on IPO Overhaul

Six months after promising to let the market play a "decisive" role in the economy, China's leaders have backtracked on a high-profile overhaul of initial public offerings.