Asian markets looked set to slip on Monday after tariffs announced by the U.S. on Chinese goods last week were met with swift retaliation from Beijing. Futures tipped a lower open for Japan, with Nikkei futures traded in Chicago last lower by 0.18 percent compared to the index’s Friday close. Australian SPI futures, meanwhile, were […]

Chinese ride-hailing giant Didi Chuxing is headed for Australia this month. The company said Friday that it plans to launch its carpooling service Didi Express in Melbourne on June 25. That would mark the firm’s second direct expansion abroad, with the first being in Toluca, Mexico. Both Melbourne and Toluca are markets where the world’s […]

China said on Friday it would respond quickly to protect itself if the United States hurts its interests, as U.S. President Trump gets ready to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods. Chinese foreign ministry spokesman Geng Shuang made the comments at a daily news briefing. Trump is due […]

The prospect of a full blown trade war between the United States and China — the world’s two biggest economies — sounds scary for sure, but experts say there is little to fear so long as any tit-for-tat doesn’t dramatically escalate. On Friday, the White House is expected to unveil a revised list of between […]

Morpheus, Melco Resorts’ brand new $1.1 billion luxury hotel in Macau, is “an architectural icon” for Asia, casino mogul Lawrence Ho told CNBC ahead of the property’s Friday evening official opening in the territory. Located in Melco Resorts and Entertainment’s City of Dreams casino resort, the Morpheus hotel, designed by the late Zaha Hadid, targets […]

China’s cooperation is critical in pushing North Korea to give up its nuclear and missile programs, but that’s not likely to stop U.S. President Donald Trump from pressing ahead with additional tariffs on Chinese products. Trump is expected to announce on Friday “pretty significant action” in tariffs on Chinese goods worth around $50 billion, Reuters […]

Japan’s central bank maintained its ultra-loose monetary policy on Friday and downgraded its view on inflation, signalling that it will lag well behind its U.S. and European peers in rolling back crisis-era stimulus. Markets are on the lookout for clues from BOJ Governor Haruhiko Kuroda’s post-meeting briefing on how long the central bank could hold […]

SoftBank Group has decided to invest $60 billion-$100 billion in a solar power project in India, Japanese public broadcaster NHK reported on Friday. SoftBank and the Indian government are expected to make an announcement soon after final arrangements and made, the report said. The company is expected to make the investment through a fund backed […]

New Zealand’s Labour-led government said on Friday it plans to impose a tax on most international visitors to fund infrastructure and ease strains on the South Pacific nation’s booming tourist sector. The new tax of up to NZ$35 ($24.40) per person will start in mid-2019 — the middle of the official “China New Zealand Year […]

Asian markets looked poised to climb on Friday after stocks in Europe and the U.S. rose in the previous session. Clues from the European Central Bank on Thursday on its bond-buying program also led to major moves in currency markets overnight. Futures pointed to gains for Australia and Japan: Nikkei futures traded in Chicago were […]