South Korea-based cryptocurrency exchange Bithumb said Wednesday it was temporarily suspending deposit and withdrawal services after about $30 million worth of cryptocurrency was stolen. The Seoul-based operator said on Twitter that the stolen coins would be covered from Bithumb’s own reserves and that all users’ assets are being transferred to safer “cold wallet.” Tweet 1: […]

Canada’s upper house of parliament on Tuesday approved a revised bill to legalize recreational marijuana, setting the stage for the country to become the first Group of Seven nation to legalize cannabis. The Senate voted 52-29 in favor of the revised bill from the elected House of Commons, paving the way for a fully legal […]

A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank’s own internal probe has found. PNB, India’s second-biggest state-controlled lender, has previously alleged that a handful of […]

Australia’s largest telecom firm Telstra Corp Ltd said it would cut a quarter of its workforce and flagged asset sales on Wednesday, as competition and new technology crush its mainstay fixed-line businesses and force a strategic reset. It will shed 8,000 employees and contractors from a workforce of 32,000 to save A$1 billion ($738 million), […]

A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday. Symantec said the effort appeared to be driven by national espionage goals, such as the interception of military and civilian communications. […]

North Korea’s Kim Jong Un and Chinese President Xi Jinping came to an understanding on issues that were discussed at a summit between the two leaders, including denuclearization of the Korean peninsula, the North’s state media said on Wednesday. Kim and Xi assessed the historic meeting Kim had with U.S. President Donald Trump in Singapore […]

Asian stocks were poised for a mixed open on Wednesday, with major regional markets set to stem the sharp losses made in the previous session that were caused by elevated fears of a trade war between the U.S. and China. Nikkei futures traded in Chicago were lower by 0.08 percent compared to the index’s last […]

North Korean leader Kim Jong Un arrived in Beijing on Tuesday, where he will likely brief Chinese President Xi Jinping on his summit with U.S. President Donald Trump last week, as Washington and Seoul agreed to suspend a major joint military exercise. This is Kim’s third trip to China this year, coming a week after […]

China’s central bank on Tuesday lent 200 billion yuan ($31 billion) to financial institutions via its medium-term lending facility (MLF), highlighting concerns over liquidity and potential economic drag from a trade war with the United States. The surprise injection of funds came just hours after U.S. President Donald Trump escalated the tit-for-tat trade scrap with […]

Shares of ZTE sank during Tuesday morning trade after the U.S. Senate passed a defense bill that had major implications for an agreement struck with the Chinese telecommunications equipment maker. ZTE stock tumbled 23.36 percent in Hong Kong while the company’s Shenzhen-listed shares were limit down 10 percent. The sharp falls came after the U.S. […]