Secretary of State Mike Pompeo says joint U.S.-South Korea military exercises will resume if North Korea stops negotiating in good faith over its nuclear program. Pompeo is in South Korea a day after President Donald Trump met with Kim Jong Un and announced the U.S. would freeze what he called “war games” with North Korea. […]

U.S. President Donald Trump, arriving back in the United States on Wednesday after his historic summit with North Korean leader Kim Jong Un, said Pyongyang no longer posed a nuclear threat. “Everybody can now feel much safer than the day I took office. There is no longer a Nuclear Threat from North Korea. Meeting with […]

The tiny island-state of Singapore in Southeast Asia not only hosted the historic meeting between President Donald Trump and North Korean leader Kim Jong Un on Tuesday, but the wealthy country also racked up a 20 million-Singapore-dollar ($15 million) bill. “It is a cost we are willing to pay,” Singapore Prime Minister Lee Hsien Loong […]

Chinese telecommunications giant ZTE Corp had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government. China’s No. 2 telecommunications equipment maker was crippled when a seven-year supplier ban was imposed on the company in April for […]

North Korea’s Kim Jong Un and President Donald Trump both celebrated Tuesday’s historic summit as a victory. But many experts see Kim, having won a substantial concession from the world’s largest economy while simultaneously gaining greater claims to legitimacy, as the real winner. Trump has been widely praised for calming tensions on the Korean Peninsula […]

Telecommunications equipment maker ZTE fell around 40 percent early in Hong Kong Wednesday trading hours after its shares resumed trade there and in Shenzhen. In a filing, ZTE said it will pay a $1 billion lump sum payment to the U.S. government as part of a settlement agreement, as well as an additional $400 million […]

Japan’s Toyota Motor will invest $1 billion into Southeast Asian ride-sharing app Grab, the Singapore-based company said Wednesday. The investment will see the two companies expand on their existing partnership and explore new mobility strategies across the region, Grab said. Additionally, an executive of the Japanese manufacturer will be appointed to Grab’s board of directors […]

Japan’s defense chief said on Wednesday the U.S. military’s presence in South Korea and joint military exercises were “vital” for East Asian security after President Donald Trump’s surprise statement that he would halt war games with the South. “We would like to seek an understanding of this between Japan, the U.S. and South Korea,” Japan’s […]

U.S. President Donald Trump and North Korean leader Kim Jong Un invited each other to visit the United States and North Korea, respectively, and both accepted the invitation, North Korea’s official news agency KCNA reported on Wednesday. “Kim Jong Un invited Trump to visit Pyongyang at a convenient time and Trump invited Kim Jong Un […]

Asian markets were mixed in early Wednesday action as investors began to shift their focus from the recently concluded U.S.-North Korea summit to the conclusion of the Federal Reserve’s June meeting later in the day. Japan’s Nikkei 225 edged up by 0.22 percent in the morning, with shippers and utilities gaining. The materials sector lagged […]