As the world’s two largest economies exchange threats of retaliatory tariffs, the rest of the world is watching closely for any knock-on repercussions. Late on Monday, President Donald Trump threatened additional tariffs at a rate of 10 percent on $200 billion worth of Chinese goods. In response, China’s Commerce Ministry has promised counter measures if […]

North Korean leader Kim Jong Un is in China on a two-day visit, Chinese state television said on Tuesday, his third visit to the North’s major ally this year. Kim will be in China on Tuesday and Wednesday but the brief report gave no other details. Source: cnbc china North Korean leader Kim Jong Un […]

China’s Commerce Ministry said on Tuesday morning that it will take counter measures if the U.S. publishes an additional tariffs list. In a statement posted on its website, the ministry said China will protect its interests, taking both quantitative and qualitative measures against the move. The fresh threats of additional tariffs violate prior negotiations and […]

President Donald Trump told Apple Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations. The newspaper reported that Cook traveled to the White House last month to warn Trump of the potentially adverse […]

China’s Xiaomi Corp said on Tuesday it will postpone its mainland share offering until after it completes its listing in Hong Kong. Xiaomi said it would submit an application to China’s securities regulator to postpone the ongoing review of its China depository receipts offering application. It did not say when it would restart its CDR […]

Asian stocks looked set to edge higher on Tuesday despite continued investor concerns about a trade war between the U.S. and China. Nikkei futures traded in Chicago were higher by 0.06 percent compared to the benchmark’s Monday close. Australian SPI futures were up by 0.57 percent at the end of the last session. U.S. stocks […]

A magnitude 6.1 earthquake shook Osaka, Japan’s second-biggest metropolis, early on Monday morning, killing three people, halting factory lines in a key industrial area and bursting water mains, government officials and broadcaster NHK said. No tsunami warning was issued. Prime Minister Shinzo Abe said authorities were assessing damage and that its top priority was the […]

Tech giant Google said Monday it will invest more than half a billion dollars in China’s second-largest e-commerce player, JD.com. As part of a strategic partnership, Google will put $550 million in cash into JD.com, the companies said in a statement. In return, Google will receive more than 27 million newly issued JD.com Class A […]

A lengthy trade war between China and the United States would be “horrible” and it would end up hurting a lot of American brands, according to the founder of China’s second-largest e-commerce company. That’s because more Chinese consumers now have a preference for buying imported goods, Richard Liu, founder and CEO of JD.com, told CNBC’s […]

Japan’s exports rose in May at the fastest pace in four months thanks to increased shipments of cars, car parts, and semiconductor equipment in a sign that global demand is gaining strength. Exports rose 8.1 percent in May from the same period a year ago, more than the median estimate for a 7.5 percent annual […]