US Bancorp vice chair Stephen Philipson sells $2.3m in shares

China’s private securities investment funds surpassed 8 trillion yuan (US$1.2 trillion) for the first time at the end of June, emerging as the core engine driving the expansion of the country’s entire private fund industry, according to the Asset Management Association of China.

A South Korean court’s conviction of Seoul’s mayor for illegal polling payments threatens to put an end to his presidential ambitions just weeks after he won a historic fifth term. Oh Se-hoon, the 65-year-old conservative who has led South Korea’s capital on and off for nearly tw