It wasn’t just Chinese President Xi Jinping who was written into the Communist Party constitution last week. His pet project, the Belt and Road Initiative was also enshrined in the document, signalling an all-out effort to realize the vision. It also makes the project potentially riskier for investors. The political gilding of the project (originally […]

A survey focused on small and mid-size businesses in China is expected to show slight expansion in the manufacturing sector in October. IHS Markit and Caixin will release Purchasing Managers’ Index at 9.45 a.m. SIN/HK on Wednesday. Economists polled by Reuters expect the private PMI reading to be at 51.0 for October — unchanged from […]

Stocks in Asia rallied on Wednesday as investors digested regional earnings reports. Markets also awaited the release of China’s Caixin manufacturing Purchasing Managers’ Index after official numbers came in below expectations on Tuesday. Stateside, markets had closed slightly higher as investors focused on a mix of central bank meetings and tax cut details. Japan’s Nikkei […]

U.S. President Donald Trump will not go to the heavily fortified demilitarized zone (DMZ) on the border of North Korea and South Korea during his Asia trip, a senior administration official said on Tuesday. “The president is not going to visit the DMZ. There is not enough time in the schedule,” the official told reporters […]

North Korea probably stole South Korean warship blueprints after hacking into Daewoo Shipbuilding & Marine Engineering Co Ltd’s database in April last year, a South Korean opposition lawmaker said on Tuesday. North Korea has often been implicated in cyber attacks in South Korea and elsewhere but Pyongyang has either ignored or denied accusations of hacking. […]

China has flown bomber jets near the United States territory of Guam and practiced attacks against the island, according to U.S. military officials, Defense News reported Tuesday. Chinese firepower, along with its host of provocative military activities, is causing the United States to worry about the country as a primary danger in the Pacific region […]

India’s persistent buying of the U.S. dollar to keep its local currency cheap has caught the attention of the U.S. Treasury, increasing the risk that Asia’s third-largest economy could soon face the ill effects of a “currency manipulator” branding. India came under the spotlight after an increase in the “scale and persistence” of its buying […]

Seoul and Beijing have agreed to work swiftly to get their relations back on track following a year-long standoff over the deployment of a U.S. anti-missile system in South Korea which hurt trade and South Korean business interests in China. The installation of the U.S. Terminal High Altitude Area Defense (THAAD) system in South Korea […]

Samsung Electronics on Tuesday announced record profits for the third quarter, benefiting from strong demand for memory chips used in mobile devices and servers. While the earnings were in line with guidance the South Korean technology giant provided earlier this month, the focus at its Tuesday board meeting will likely be on finding a replacement […]

With inflation in Japan remaining below target despite a recent pick up, the country’s central bank is in no hurry to tighten its monetary policy, analysts said. Even as its peers in the U.S. and Europe begin to wind down stimulus, the Bank of Japan is expected to release a Tuesday statement outlining its decision […]