President Donald Trump’s upcoming five-nation Asia tour is expected to strengthen ties with regional allies, but those gains could be diminished if the U.S. leader misses a key summit on the last leg of his trip. A major forum for political and economic cooperation among its 18 member countries, the annual East Asia Summit takes […]

U.S. stocks closed mixed on Thursday as investors digested the release of House Republicans’ tax-reform plan. President Donald Trump also nominated Jerome Powell, a Federal Reserve governor, to be the next head of the central bank. Trump announced Powell would become the chairman of the Federal Reserve when current Chair Janet Yellen steps down at […]

Giants of commerce have been honored by the CNBC Asia Business Leaders Awards year in and year out since they were founded 16 years ago, and this year’s crop of winners lived up to the tradition. The soft-spoken chairman of an Indian conglomerate, an airport technology guru from Singapore, and a charity-minded health care CEO […]

Hong Kong’s richest man has just sold his 73-storey office tower to a Chinese consortium for a reported world record fee. CK Asset Holdings, owned by billionaire Li Ka-Shing, sold the “The Center” for HK$40.2 billion ($5.2 billion), the highest transaction ever recorded for a single office building. Li, who turns 90 next July, has […]

Chinese e-commerce giant Alibaba said on Thursday its quarterly revenue climbed 61 percent, beating analysts’ estimates, helped by growth in its core e-commerce business. The firm, headed by billionaire entrepreneur Jack Ma, posted 55.12 billion yuan ($8.34 billion) in revenue for the July-September quarter, above a 52.2 billion yuan forecast by analysts polled by Reuters. […]

Trade tensions between the world’s two largest economies are heating up ahead of President Donald Trump’s visit to Beijing, with the American leader calling the U.S. trade deficit with China “embarrassing” and “horrible” on Wednesday. The comments follow trade-related disputes in the last week, highlighting friction between the two economic giants as they prepare to […]

Facebook said this week that Russian-backed election content on the platform reached 126 million Americans; Twitter found 36,000 Russian accounts were active during the election; and Google said pro-Russian groups purchased $4,700 worth of ads on its platforms. But the spread of propaganda and misinformation online is a global problem that has yet to be […]

Saudi Arabian Energy Minister Khalid al-Falih said on Thursday that he was worried about future energy security, especially in Asia, because of strong demand growth, and reiterated his country’s support for a global oil supply cut pact ahead of an OPEC meeting later this month. “I am concerned about future energy security — especially in […]

President Donald Trump’s rhetoric on North Korean nuclear aggression has been widely criticized for being too inflammatory, but former United Nations Secretary-General Ban Ki-moon said he believes the Republican’s underlying message is inherently the right one. “I know there are some different interpretations on what President Trump has been saying, but his underlying message has […]

Despite concerns about household debt in China, the biggest problems still come from the corporates, state-owned enterprises and local governments, a Barclays economist said Thursday. “In terms of financial deleveraging, the PBOC (People’s Bank of China) and the financial regulators have done quite a lot of work in the past year. We have seen a […]