Taiwan’s Foxconn, one of Apple’s primary iPhone makers, will open a multibillion-dollar research and development plant in Michigan, the South China Morning Post reported on Sunday. That makes the second politically critical state to receive such a commitment from the multinational — which is sure to be seen by many as a gargantuan political success […]
Read moreA company linked to U.S. President Donald Trump has been granted approval from the Chinese territory of Macau for additional trademarks, including casino services, to develop the “Trump” brand in the world’s biggest gambling center. DTTM Operations LLC, which listed the address of Trump Tower on Fifth Avenue in New York, received four trademark approvals […]
Read moreFurther nuclear aggression from Pyongyang and heightened tensions between Beijing and Washington are widely expected following fresh economic sanctions on the rogue state. In the aftermath of July’s two intercontinental ballistic missile tests, the United Nations on Saturday hit North Korea with “the most stringent set of sanctions placed on any country in a generation,” […]
Read moreConsider these the dog days of the dog days. Not only is August traditionally a crappy markets month, but it’s also when it gets harder to find truly market-moving news. The stock market just seems to have a mind of its own. So long as hopes remain that Congress will figure out a way to […]
Read moreChina continues to step up oversight of its financial system in efforts to rein in threats to market stability. The Shanghai Stock Exchange is zeroing in on any corporate actions that may present financial risks to the market, official state media Xinhua reported Saturday. One particular area of focus is to keep companies from obscuring […]
Read moreChinese state media on Monday stressed the limits of new United Nations sanctions on North Korea, and also slammed the United States for its “arrogance”, saying Washington needed to understand it also has a role in lessening tensions. The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday that could slash […]
Read moreChina’s banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of the matter said. Under the leadership of Chairman Guo Shuqing, the China Banking Regulatory Commission (CBRC) started the year promising a “windstorm” to […]
Read moreA Japanese foreign ministry spokesman on Sunday welcomed tougher U.N. sanctions on North Korea over its missile tests and said it was time to exert more “effective pressure” on Pyongyang rather than to pursue dialogue. “Now is not the time for dialogue but the time to increase effective pressure on North Korea so that they […]
Read moreChina’s foreign minister said on Sunday new U.N. Security Council sanctions on North Korea were the right response to a series of missile tests, but dialogue was vital to resolve a complex and sensitive issue, now at a “critical juncture”. Wang Yi, in what he described as “very thorough” bilateral talks on Sunday with North […]
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