A South Korean salvage team has reportedly discovered the wreck of a Russian warship that is believed to still contain 200 tons of gold bullion and coins worth 150 trillion won ($130 billion). The Russian Imperial Navy cruiser Dmitrii Donskoi, which was sunk in a naval battle 113 years ago, was discovered at a depth […]

Shares of smartphone maker Xiaomi rose on Wednesday, notching a new high after Hong Kong’s stock exchange said it would work with its mainland counterparts on moving toward including companies with weighted voting rights in the stock connect program. That followed Hong Kong Exchanges and Clearing, which operates the Hong Kong stock exchange, saying Wednesday […]

The trade war with the U.S. couldn’t have come at a worse timing for China, which had just begun focusing “in earnest” on fixing problems with its economy, J.P. Morgan analysts said. Many analysts have suggested that the impact of the Washington-Beijing trade skirmish will be relatively muted on the Chinese economy, noting that exports […]

Hedge fund billionaire David Einhorn busted out of a $1 million buy-in poker tournament just short of taking home prize money, Tuesday night in Las Vegas. Einhorn and 26 other businessmen and poker players each ponied up $1 million to enter the World Series of Poker’s “Big One for One Drop” tournament. Einhorn survived two […]

Asian shares looked set to rise on Wednesday, tracking gains seen on Wall Street amid earnings season news and following upbeat remarks from Federal Reserve Chairman Jerome Powell during his congressional testimony. Futures tipped higher opens in Japan and Australia. Nikkei shares traded in Chicago were up 0.83 percent compared to the benchmark’s Tuesday close […]

Despite a slowdown in growth and trade tensions, there are “enormous” and “stunning” opportunities in China, particularly in Fintech, an investment manager said Tuesday. “We love the fintech sector in China today,” Glenn Youngkin, co-CEO at Carlyle Group, told CNBC’s “Squawk Box Europe.” “We think it offers an enormous growth opportunity. The Chinese economy is […]

Amid trade tensions, Chinese mainland stocks are down almost 30 percent since their peak in January. Despite that fall, the market is still an attractive medium-term buy, according to a top asset management firm. “We think that on a medium- to long-term horizon, the A-share market looks attractive, and we are looking for entry points,” […]

Asian stocks were subdued early on Tuesday, following the mixed close on Wall Street as investors shifted their focus to corporate earnings and as oil prices fell. The Nikkei 225 edged higher by 0.21 percent in early morning trade as Japanese markets reopened for trade after a holiday. Most sectors traded higher, but gains were […]

A British diver involved in the mission to save 12 Thai boys and their soccer coach is considering legal action against Elon Musk after the Tesla boss labeled him “pedo guy.” Spelunker Vernon Unsworth had called a submarine crafted by a team of Musk’s technicians a “PR stunt.” Billionaire Musk had suggested the vessel — […]

South Korea and Japan are the only Asian countries that regularly qualify for World Cup tournaments. While soccer is played throughout the region, long-standing sociocultural beliefs prevent the rest of Asia’s nations from making history at FIFA’s quadrennial competition, according to one former player. Culture is “one of the biggest determining factors” for nations looking […]