The dollar climbed overnight on the release of better than expected U.S. retail sales numbers as investors in Asia awaited earnings announcements from several major corporates on Wednesday. U.S. July retail sales rose 0.6 percent, which was stronger than the 0.4 percent forecast in a Reuters poll. Meanwhile, retail sales for the month of June […]

Radio stations in Guam accidentally broadcast an emergency civil danger warning on Tuesday, prompting residents of the U.S. pacific territory to fear the worst after a week of military threats from North Korea. The two radio stations, a music channel and a Christian network, broadcast an emergency message over Guam’s airwaves at around 12.15 a.m. […]

A cybersecurity investigation into three of China’s most popular social media platforms may have nothing to do with alleged illegalities. Instead, President Xi Jinping’s administration may simply be looking to tighten censorship ahead of a major leadership reshuffle later this year. Last Friday, cyberspace regulators said the three platforms — Tencent’s WeChat, Sina’s Weibo and […]

Uber said Tuesday that it would be ignoring an order from the Philippines‘ transport regulator to temporarily cease and desist operations. The U.S.-based ride-hailing company said it has filed a motion for regulatory reconsideration after the Land Transportation Franchising and Regulatory Board (LTFRB) issued an advisory on Monday, wherein it said it had suspended Uber’s […]

Australian fast-food chain Domino’s Pizza Enterprises, the biggest Domino’s franchiseeoutside the United States, missed full-year profit expectations on Tuesday due to sluggish sales in Japan and France, sending shares to a near two-year low. Sydney-listed Domino’s also forecast slower earnings growth in the current financial year to June 2018, pointing to moderation in the spectacular […]

Indonesia posted its first trade deficit since late 2015 in July, as imports surged more than exports did, the statistics bureau said on Tuesday. Southeast Asia’s largest economy had a trade deficit of $271.2 million in July. A Reuters poll had forecast a $1.1 billion surplus. June’s trade surplus was revised on Tuesday to $1.67 […]

The Philippines’ peso has tumbled to a fresh 11-year low, but the country’s policymakers said that heralded good tidings. Nestor Espenilla, governor of the country’s central bank, Bangko Sentral ng Pilipinas, or BSP, said he wasn’t worried about either the deficit or the currency’s drop — or even his expectation that the peso may fall […]

The global push among carmakers to make ever lighter vehicles is leading some auto suppliers in Japan to turn to what seems like an unlikely substitute for steel: wood. Japanese researchers and auto component makers say a material made from wood pulp weighs just one fifth of steel and can be five times stronger. The […]

South Korea’s President Moon Jae-in said on Tuesday there will be no military action upon the Korean peninsula without Seoul’s consent and that the government would prevent war by all means. “Military action on the Korean peninsula can only be decided by South Korea and no one else can decide to take military action without […]

China said on Tuesday that it would take actions to defend its interests if the United States damages trade ties after President Donald Trump authorized an inquiry into China’s alleged theft of intellectual property. The United States should respect objective facts, act prudently, and not destroy principles of multilateralism, China’s Ministry of Commerce said in […]