Risk off trade re-entered the markets ahead of the Friday Asian trading day as investors on Wall Street sold off on growing uncertainty over the Trump administration’s ability to follow through on its economic policies. Doubts over President Donald Trump’s ability to carry out proposed economic policies grew following rumors that National Economic Council Director […]

A grandson of Lee Kuan Yew, Singapore’s late founding father and ruler for more than three decades, said he left the city state in July after friends expressed concerns he might be detained by the authorities in a contempt of court case. “In Singapore, it is possible that one can be detained and interrogated for […]

Alibaba, China’s top e-commerce firm, beat analyst’s estimates with a 56 percent rise in first-quarter revenue, driven by growth in online sales which make up most of its business. Thursday’s results show that Alibaba, one of Asia’s most valuable companies, is benefiting from more and more Chinese buying an increasing proportion of everything from food […]

Three prominent pro-democracy student leaders who stormed government buildings in the run-up to the Occupy protests of 2014 were jailed for between six and eight months on Thursday, and therefore face a five-year ban from public office, as the government won its bid for harsher punishments. The prison terms replaced the community service orders initially […]

Gold supply from mines has fallen “dramatically” this year, bolstering prices of the safe-haven asset in the face of geopolitical tensions, ANZ said in a note on Thursday. “Growth in mine output is at its lowest point since the financial crisis, with risks only getting greater,” wrote ANZ’s senior commodity strategist, Daniel Hynes. Gold production […]

The United States and South Korea will go ahead with joint military drills next week, the top U.S. military official said on Thursday, resisting pressure from North Korea and its ally China to halt the contentious exercises. North Korea’s rapid progress in developing nuclear weapons and missiles capable of reaching the U.S. mainland has fuelled […]

Bike-sharing companies are one of the hottest technologies in mainland China, but Hong Kong just got its first version in April. Called Gobee.bike, the company was founded in Hong Kong and was the first to get its service up and running on its home market. But the first few months have not been easy for […]

Australian far-right senator Pauline Hanson wore a burqa to parliament on Thursday as part of her campaign to ban the all-enveloping garment worn by some Muslim women, drawing a quick rebuke from the government and Muslims. Hanson sat in her seat in the assembly for about 20 minutes covered by the black burqa before removing […]

Authorities in China have issued rules that prevent businesses from registering overly long or bizarre company names, online outlet Sixth Tone reported. China’s State Administration for Industry and Commerce stated in a list of 33 guidelines that the use of entire phrases or paragraphs as company names was no longer permissible, Sixth Tone said. The […]

One government-run Chinese firm is raking in billions of dollars in private capital as part of Beijing’s wider plans to overhaul its massive portfolio of state-owned enterprises. Beijing-based telecom China Unicom will raise $11.7 billion from 14 sources that include a mix of state and private firms, including China Life, CRRC, Alibaba, Baidu, Tencent, Suning […]