Outbound investments from Chinese companies are expected to pick up next year, but that’s not necessarily good news for every sector hungry for China’s cash. That is, experts said most of the deal-making will likely happen in sectors aligned with the Belt and Road Initiative — China’s massive plan to connect Asia, Europe, the Middle […]

Asian shares looked set to trade lower on Monday, with investors expected to digest a slew of political developments over the weekend. Eleven countries have agreed on “core elements” in a regional trade pact from which the U.S. pulled out earlier this year. Japan has led talks for the trade deal, called the Comprehensive and […]

North Korea said on Saturday that U.S. President Donald Trump’s first trip to Asia showed he was a “destroyer” and said he had begged for war on the Korean peninsula. “Trump, during his visit, laid bare his true nature as destroyer of world peace and stability and begged for a nuclear war on the Korean […]

Alibaba, the Chinese e-commerce giant, said its Singles Day sales surged past last year’s total just after midday Saturday, hitting a record $18 billion, pointing to a likely giant haul for the world’s biggest shopping event. Once a celebration for China’s lonely hearts, Singles’ Day has become an annual 24-hour extravaganza that exceeds the combined […]

Alibaba, the Chinese e-commerce giant, said its Singles Day sales surged past last year’s total just after midday Saturday, hitting a record $18 billion, pointing to a likely giant haul for theworld’s biggest shopping event. Once a celebration for China’s lonely hearts, Singles Day has become an annual 24-hour extravaganza that exceeds the combined sales […]

Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival. Taking the agreement forward is a boost for the principle of multilateral trade pacts after U.S. President Donald […]

Alibaba hit $5 billion in transactions in less than 15 minutes on Singles Day, blowing the opening minutes of past years for the one-day shopping event out of the water. To put that figure perspective, Alibaba made more transactions in first 15 minutes of Singles Day this year than it did during the entire first […]

Chinese President Xi Jinping talked up the value of international cooperation and economic openness from a podium in Vietnam on Friday. That speech came right on the heels of an address from President Donald Trump, who similarly called for economic openness, but struck a harsh tone against countries he deemed guilty of “chronic trade abuses.” […]

President Donald Trump highlighted his desire for a free and open Indo-Pacific at the Asia-Pacific Economic Cooperation summit on Friday. Washington “seeks robust trade relationships rooted in the principles of fairness and reciprocity,” he said. “We will from now on expect that our partners will faithfully follow the rules, just like we do. We expect […]

China will lift the ceiling on foreign equity ownership in joint-venture firms involved in the futures, securities and funds markets to 51 percent, a vice finance minister said on Friday. No specific timetable was given for lifting the equity ownership limit to 51 percent from the current 49 percent. China will remove all equity ownership […]