Asia traders on Friday will be looking to a sliding dollar and advancing U.S. equities following the release of stateside data. Other major news from the U.S. included Treasury Secretary Steven Mnuchin saying that a “very detailed” tax plan had been prepared by President Donald Trump’s administration. In the Thursday interview with CNBC, Mnuchin also […]

Escalating efforts to repatriate one of the ruling Communist Party’s most wanted exiles, Chinese police have opened an investigation on a new allegation, rape, against New York-based billionaire Guo Wengui, who has been releasing what he calls official secrets ahead of a pivotal party leadership conference. Two Chinese officials with direct knowledge of the investigation […]

Chinese regulators are looking into an antitrust complaint filed against Apple that accuses the tech giant of abusing its market position in the mainland, according to the law firm that filed it. Lin Wei, managing partner at Beijing-based law firm Daxiao, also known as Dare & Sure, said he and his colleagues filed the complaint […]

More than half of China’s oil production will be at risk if tensions between North Korea and its North Asia neighbors spirals into conflict, energy consultancy Wood Mackenzie warned. Military action could halt the flow of crude oil imports to South Korea, Japan and China, which together account for 34 percent of seaborne oil trade […]

China’s markets sizzled this summer, but experts say numerous risks loom — so keep the champagne on ice. The Shanghai Composite rose 3 percent in August, extending July’s rise and pushing the benchmark index’s gains to more than 8 percent in 2017. Similarly, China’s yuan recorded its strongest month in 2017, appreciating 2 percent against […]

Most Asian indexes made gains early on Thursday after positive U.S. data gave Wall Street a boost overnight as the dollar held onto overnight gains. Japan’s Nikkei 225 rose 0.57 percent, with gains seen across automakers and most tech stocks, as the dollar gained against the yen. Meanwhile, South Korea’s Kospi slipped 0.12 percent in […]

China reports official manufacturing Purchasing Managers’ Index (PMI) for August on Thursday at 9 a.m. SIN/HK. Analysts polled by Reuters expected China to post official PMI of 51.3 for August, a tick down from 51.4 in July. A reading above 50 indicates expansion, while a reading below that signals contraction. French bank Natixis said in […]

While North Korea’s repeated missile tests and defiance of international sanctions may seem erratic to onlookers, Supreme Leader Kim Jong Un‘s latest move demonstrates a “very rational” strategy based on an “sense of acute timing,” one strategist told CNBC. Philippe Dauba-Pantanacce, global geopolitical strategist at Standard Chartered Bank, explained that the pariah state’s latest missile […]

The Philippines lifted its one-month suspension on Uber Technologies ahead of schedule on Tuesday after the ride-hailing firm paid almost $10 million in a fine and financial aid to its drivers affected by the halted operations. The Land Transportation Franchising and Regulatory Board (LTFRB) had halted Uber’s operations for a month from Aug. 14 for […]

Two toddlers were among at least six people who died after floods caused by heavy seasonal monsoon rains destroyed homes and disrupted traffic in India’s financial capital, police said on Wednesday. Train services resumed slowly and dozens of commuters began walking to work in Mumbai, a city of 20 million people that is home to […]