An unprecedented public feud between Singaporean Prime Minister Lee Hsien Loong and his siblings took another unexpected twist on Friday. When speaking with CNBC Thursday, the leader of the Southeast Asian island nation said he was not sure whether the family dispute had been solved. In response, his brother, Lee Hsien Yang, wrote in a […]
Read moreThe newly-elected prime minister of New Zealand has said she wants a national discussion on legalizing cannabis. Jacinda Ardern told reporters Friday that she will work with her Cabinet and take advice before deciding on any referendum date. “During the campaign I’ve always been very vocal about the fact that I do not believe people […]
Read moreHundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier’s factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses and China Labor Watch, a New York based non-profit group, said Thursday. Jabil Inc., which runs the Green Point factory in Wuxi city, maintains that only 20 […]
Read moreInvestors interested in China shouldn’t be too distracted by who is elevated to the top ranks of the Chinese Communist Party during the ongoing leadership confab, warns a leading China scholar. Instead, the most important information about the country’s economic future will come from the new names in various Chinese financial agencies, according to Eswar […]
Read moreChina‘s movie box office revenue is expected to grow in 2017 at more than three times the pace of last year thanks to the success of blockbusters like “Wolf Warrior 2”, the media regulator said on Friday. Takings would rise 11.6 percent to 55 billion yuan ($8.31 billion) this year, beating 2016 growth of 3.7 […]
Read moreUnited States Senators Ted Cruz and Patrick Leahy this week sent a letter to Apple CEO Tim Cook demanding answers after the iPhone maker removed a number of privacy-providing apps from its Chinese App Store. In the letter, the senators said China had an “abysmal” human rights record with respect to freedom of expression and […]
Read moreU.S. markets wobbled, European stocks stumbled overnight and yields on U.S. Treasury notes slid ahead of Asia’s Friday trading day. Most major U.S. indexes closed little changed following a Politico report that President Donald Trump favored Federal Reserve Governor Jerome Powell out of a pool of candidates being considered to succeed Fed Chair Janet Yellen. […]
Read moreMany nations around the world find themselves in a delicate balancing act between U.S. and Chinese interests, but one island nation perhaps typifies that struggle. Singapore is a hub for global finance and trade, and so its relationships with the world’s two largest economies are vital to its survival. Speaking with CNBC on Thursday, Singaporean […]
Read moreTiny Singapore’s leap from developing world to advanced economy within a single generation depended on a strong government hand in external relations, economic policies, citizens’ retirement savings and more — leading to a perception that the country is a “nanny state.” Even though Singapore is now a developed economy — the only country with that […]
Read moreFour months since the start of a public dispute between Singaporean Prime Minister Lee Hsien Loong and his siblings, the leader of the Southeast Asian island nation said he is not sure whether the matter has been solved. Lee’s two younger siblings, neurologist Lee Wei Ling and businessman Lee Hsien Yang, shocked the country with […]
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