With photographs obliquely showing a new rocket design, North Korea has sent a message that it is working on an intercontinental ballistic missile (ICBM) more powerful than any it has previously tested, weapons experts said on Thursday. If developed, such a missile could possibly reach any place on the U.S. mainland, including Washington and New […]

China has come out strongly against new U.S. moves to pressure North Korea with its foreign ministry opposing the “long-arm jurisdiction” of President Donald Trump’s administration, arguing that Beijing has always met international obligations in containing its reclusive neighbor. The Treasury Department on Tuesday announced new penalties against 10 entities and six individuals, mostly Chinese […]

China has pitched its mammoth, pan-Eurasian “Belt and Road” infrastructure initiative as a means of promoting economic prosperity and fostering diplomatic ties on a global scale. That rhetoric may win plaudits at a time when other global powers are voicing increasingly protectionist agendas, but it also comes with risks, and increasing levels of state-backed funding […]

The Powerball jackpot of $700 million had one winner in Massachusetts. The game jackpot, which had been growing since the June 10 drawing, was offering a $700 million annuity or $443.3 million in cash, according to a statement from the Pennsylvania Lottery on Wednesday. The jackpot was the lottery game’s second-largest ever, behind only the […]

The United States must value Pakistan’s role in Afghanistan and respect its security concerns, China’s top diplomat Yang Jiechi told U.S. Secretary of State Rex Tillerson in a phone call, according to Chinese state media. China‘s Foreign Ministry defended its ally Pakistan earlier this week after President Donald Trump said the United States could no […]

The persistent belief that global economic growth is “dangerously slow” and fragile is just a myth, DBS said in a note on Thursday. “If you’re worried about slow growth today, get used to it. It’s probably going to be slower five years from now and slower yet five years after that,” David Carbon, chief economist […]

Indian capital controls are proving deeply insufficient as overseas investors continue to snap up corporate bonds in the country. That exuberant demand is undermining the government’s attempts at financial stability. India currently caps total foreign investments into corporate bonds at 2.44 trillion Indian rupees ($38.1 billion). When overseas buying crossed 92 percent of that quota […]

A threat from President Donald Trump about a possible government shutdown halted a recovery in the dollar as risk off sentiment emerged ahead of Thursday’s Asian trading session. Trump on Tuesday in the U.S. said he would be willing to “close down” the government to secure funds needed to build a wall along the U.S.-Mexico […]

Trade between China and North Korea looks to be slowing drastically, providing further evidence that Beijing may be bowing to U.S. requests to put pressure on the rogue state. The world’s second-largest economy imported and exported goods worth $456.16 million in July, down from $489 million in June. The data, released by China’s General Administration […]

North Korean leader Kim Jong Un has ordered the production of more solid-fuel rocket engines, state media said on Wednesday, as he pursues nuclear and missile programs amid a standoff with Washington, but there were signs of tension easing. The report carried by the KCNA news agency lacked the traditionally robust threats against the United […]