Chinese e-commerce and technology company Alibaba Group and U.S. grocer Kroger have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar with the matter said. The business development talks are at an initial stage, and it is not clear if they will lead to any […]

China’s commerce ministry said on Thursday cooperation is the only “correct direction” for the China-U.S. trade relationship, amid growing trade frictions between the world’s two biggest economies. Commerce ministry spokesman Gao Feng made the comments during a regular weekly briefing in Beijing. U.S. Commerce Secretary Wilbur Ross said on Wednesday the United States is not […]

Samsung Electronics is no longer India’s top smartphone seller — a title it had held onto for six years. The tech giant was pushed out of the pole position in the final quarter of 2017 by Chinese smartphone maker Xiaomi, data from two research outlets showed. Researcher Canalys estimated that Xiaomi shipped nearly 8.2 million […]

South Korea’s Olympic peace overture to its nuclear-armed northern neighbor is increasingly coming under fire. Hopes are high in some quarters that sports diplomacy could advance denuclearization talks, and North Korean leader Kim Jong Un’s decision to participate in the upcoming Winter Games was hailed as a win for inter-Korean relations when it was first […]

India’s government pledged on Wednesday to inject nearly $14 billion combined into all but one state-run lender by March in return for them implementing reforms, in a bid to boost lending and tackle a record bad debt problem. The funds will be injected into 20 lenders majority-owned by the government, which together hold most of […]

Wall Street ended mixed and the dollar tumbled ahead of Asia’s Thursday trading day. U.S. stocks closed mixed on Wednesday despite touching all-time highs earlier in the session. The moves came as markets focused on a mix of corporate earnings, trade war concerns and the broad decline in the U.S. currency. The Dow Jones industrial […]

North Korea sent a rare announcement addressed to “all Koreans at home and abroad” on Thursday, saying they should make a “breakthrough” for unification without the help of other countries, its state media said. It said all Koreans should “promote contact, travel, cooperation between North and South Korea” while adding Pyongyang will “smash” all challenges […]

Despite peace gestures tied to next month’s Pyeongchang Winter Olympics, officials in South Korea are worried the U.S. may be preparing for military action against North Korea. The concern is that even a limited strike, or a so-called “preventive attack” being pushed by some hawks in the Trump administration, could spark a major response from […]

The potential to reach the vast Chinese investing public will eventually bring Saudi Aramco to list in Hong Kong, even if the oil giant skips over the special administrative region for its first public offering, said Charles Li, chief executive of Hong Kong Exchanges and Clearing. “A deal in Hong Kong with the possibility of […]

Breaking into a new country is tough for any company — and it’s even harder for start-ups. It can be done, and done well, however, if you follow one simple rule, according to the worldwide CEO of M&C Saatchi. He should know, he’s gone from working out of an apartment to building one of the […]