Cambodia signed an agreement with Singapore-listed KrisEnergy Ltd on Wednesday to develop an offshore oil field that could finally see Cambodia produce its own oil after years of delays. Cambodia has struggled to develop oil fields in the Gulf of Thailand, as few companies are willing to invest in the area following the 2014 global […]

Some guys have all the luck. Fiat Chrysler boss Sergio Marchionne has not been one of them. Ever since General Motors rebuffed a merger attempt with its rival, the outspoken Italian CEO has been searching for a partner, unsuccessfully flirting with a crisis-hit Volkswagen and France’s PSA before the latter struck a deal for GM’s […]

China’s yuan has been on a tear this year, but experts are predicting the run may be over — and it may even be poised for a downturn. The yuan’s rise has quickened in August, pushing year-to-date gains against the dollar to 4 percent. Thus far, the currency has recovered a good part of last […]

The safe-haven Japanese yen and gold gained ground after President Donald Trump threatened a government shutdown if he doesn’t get funding for a proposed border wall with Mexico. “If we have to close down our government, we’re building that wall,” Trump said at a rally in Arizona. That sent the safe-haven yen higher, with the […]

The White House isn’t afraid of angering potential partners in its quest to pressure North Korean leader Kim Jong Un into denuclearization, experts said. The Treasury Department on Tuesday announced new penalties against 10 entities and six individuals, mostly Chinese and Russian, for providing support to North Korea in ways that aided the rogue state’s […]

Wall Street gained and the dollar found some reprieve overnight as risk aversion faded ahead of the Wednesday’s Asian trading session. The moves were attributed to talk that the Trump administration was moving ahead with its tax reform policy proposals. President Donald Trump’s aides and congressional leaders were reportedly in broad agreement over how corporate […]

U.S. Secretary of State Rex Tillerson on Tuesday welcomed what he called the restraint North Korea has shown recently with its nuclear weapons program and said it could mean a path is opening to a possible dialogue between Washington and Pyongyang. “We have had no missile launches or provocative acts on the part of North […]

The United States should “immediately correct its mistake” of imposing unilateral sanctions on Chinese companies and individuals to avoid damaging bilateral cooperation, a Chinese embassy spokesman said on Tuesday. Washington announced new North Korea-related sanctions on Tuesday, targeting Chinese and Russian firms and individuals for allegedly facilitating Pyongyang’s weapons programs. “China opposes unilateral sanctions out […]

One of China’s best-performing stocks this month is a tiny glass company you’ve never heard of — but nobody seems to know why. State-owned Luoyang Glass is the second-best performer in the Shanghai Composite so far this month, spiking 34 percent. The stock has also hit the 10 percent daily trading limit for the last […]

Adoption of electric vehicles is set to accelerate, and that’s going to run over a lot of losers, including within the auto industry itself, JPMorgan Cazenove said in a note on Monday. The shift toward electric vehicles is set to be a multi-year process, but once there’s a tipping point, likely on a shift in […]