The greenback and U.S. Treasury yields rose on Wednesday following tax reform headlines out of Washington. For their Thursday trade, markets in Asia will look to those stateside developments, but they’ll also watch the release of a barrage of China data due later in the morning. Tax reform was back in the spotlight in the […]

Treasury Secretary Steven Mnuchin asked for a costly government plane to fly to his European honeymoon earlier this year. The Treasury’s Office of Inspector General is looking into the request, according to ABC News, which first reported the story. Operating such a jet can cost around $25,000 an hour, according to ABC. Mnuchin considered using […]

The clean energy sector will be a massive engine for job growth in the United States given the increasing focus on the adoption of green technology, according to Milken Institute chairman Mike Milken. Milken was speaking to CNBC’s “Street Signs” on Wednesday at the sidelines of his institute’s Asia Summit 2017 in Singapore, touching on […]

The competitive edge for Asian economies — many of which depend on low-cost labor and exports for growth — will likely erode as technology changes the way manufacturers operate, Boston Consulting Group said in a new report. Technologies such as robotics and digital simulation are allowing manufacturers to make customized products in locations closer to […]

It’s well known that vacationers can rent a room — or a whole home — on Airbnb. But the company, one of the giants of the sharing economy, is dedicating attentions to another sort: business travelers. That segment already makes up about 10 percent of Airbnb’s business, and it expects that to grow to about […]

The issue of Muslim marginalization in Myanmar has captivated the attention of Islamic State-inspired extremists, sparking fears the country could become fertile ground for transnational terror groups. For years, Buddhist-majority Myanmar has clashed with the Rohingya — an ethnic minority that is predominately Muslim. The conflict has recently escalated, with increased reports of violent attacks […]

South Korea said on Wednesday traces of radioactive xenon gas were confirmed to be from a North Korean nuclear test earlier this month, but it was unable to conclude whether the test had been for a hydrogen bomb as Pyongyang claimed. North Korea conducted its sixth nuclear test on Sept. 3, prompting the UN Security […]

Cryptocurrencies have exploded in popularity in recent years, thanks to innovation in blockchain, the distributed ledger technology underpinning those virtual tokens such as bitcoin. That has led to a red-hot fundraising trend where start-ups are pulling in millions of dollars in capital by issuing virtual coins to investors in exchange for money. As a result, […]

The year may be nearing its last lap, but Nomura isn’t done with currency trades, setting six to run through the end of 2017. Here’s what the Japanese financial services firm recommended: Nomura was already bearish on the dollar against the euro and now it’s adding the yen. The bank said in a section subtitled […]

China plans nationwide use of ethanol in the nation’s gasoline fuel by 2020, state media reported on Wednesday citing a government document, as Beijing intensifies its push to boost industrial demand for corn and clean up choking smog. It also aims to have large-scale domestic production of cellulosic biofuels, which are made from sources such […]