Many emerging market economies, particularly Turkey and South Africa, haven’t taken full advantage of global liquidity to clean up their sovereign balance sheets, S&P Global Ratings warned on Friday. “Several governments have been using this easy funding time to actually take their eyes off the ball a little bit on macroeconomic stability issues and focusing […]

Singapore’s trade-reliant economy grew more than expected in the third quarter from the previous quarter on an annualized basis, on the back of manufacturing growth, preliminary data showed on Friday. The economy expanded 6.3 percent in the July-September period on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday […]

China is expected to report strong trade data on Friday just days ahead of a major Communist Party Congress. Analysts polled by Reuters expected an 8.8 percent rise in Chinese exports in September from a year ago in dollar terms. Imports were forecast to jump 13.5 percent in the same period. China’s August exports were […]

Stocks on Wall Street slipped on Thursday while the dollar recouped some losses on the back of positive data ahead of Asia’s Friday trading day. Markets also awaited the release of China trade data during the session, while U.S. inflation and retail sales data are due just ahead of trading day stateside. U.S. producer prices […]

Samsung Electronics on Friday said it was expecting record operating profits of about 14.5 trillion Korean won ($12.8 billion) for the September quarter, seeing a massive jump of nearly 179 percent from the same period a year earlier. That estimate beat a Reuters average forecast of 14.3 trillion Korean won in operating profits. The South […]

Named the richest man in China on Thursday with a net worth of $43 billion, property tycoon Xu Jiayin is likened by some media to Donald Trump, having built his fortune on a real estate business that has blossomed under a mountain of debt. The 59-year-old Xu’s China Evergrande Group has a market value of […]

The list of delegates attending China’s upcoming 19th Party Congress offers tell-tale signs of which way political winds are blowing in the world’s second-largest economy. Attendees from the military are particularly notable. Out of the 300 People’s Liberation Army delegates expected to appear at the milestone event, which decides the future of Chinese leadership, a […]

Chinese fugitive tycoon Guo Wengui on Tuesday posted photographs on Twitter of himself meeting former White House chief strategist Steve Bannon twice in less than a week. In the post, the billionaire businessman, who is wanted in China on corruption charges, said he first met Bannon for lunch in Washington on Thursday after attending an […]

As more countries pledge to eventually phase out internal combustion cars, or impose tougher requirements for fuel efficiency standards, electric vehicles are becoming a popular alternative. The price of an electric vehicle depends largely on the cost of the batteries that power them, and those expenses are set to rapidly decline in the near future, […]

President Donald Trump’s “America First” stance is making the U.S. more isolated on the world stage, with the country quickly losing soft power to China, a former U.S. Treasury official told CNBC Thursday. That shift is readily apparent at this week’s annual meetings of the World Bank and the International Monetary Fund in Washington, according […]