The founder of an online Chinese luxury retailer has been arrested after being charged with smuggling 438 million yuan ($65.67 million) worth of goods into the country, the official China Daily reported on Monday, citing the customs authority. Ji Wenhong, the founder of Xiu.com, an online e-commerce website that specializes in imported luxury goods, was […]

Search and rescue efforts were underway Monday morning after the USS John S. McCain collided with a merchant ship, the U.S. 7th Fleet said in a notice. The ship, a guided-missile destroyer, was involved in the collision while on its way to Singapore for a routine port visit, the notice said. The incident happened east […]

Asia markets are expected to digest political developments in Washington as U.S.-South Korea joint military drills kick off on Monday. Steve Bannon on Friday became the latest high-ranking official to leave the White House when he vacated the role of President Donald Trump’s chief strategist. Media reports said Bannon’s resignation had been submitted earlier in […]

Confidence at Japanese manufacturers rose to its highest level in a decade in August led by materials producers, a Reuters poll showed, a further sign of broadening recovery in the economy. The Reuters’ monthly poll — which tracks the Bank of Japan’s closely watched quarterly tankan — found the service-sector mood fell but still remained […]

Thousands of people took to the streets of Hong Kong on Sunday to protest against the jailing of three young democracy activists, with many questioning the independence of the Chinese-ruled city’s judiciary. On Thursday, Joshua Wong, 20, Nathan Law, 24 and Alex Chow, 27, were jailed for six to eight months for unlawful assembly, dealing […]

No matter what scenario plays out for North Korea – the status quo, the good or the ugly – South Korea‘s currency appears set to remain under a cloud, analysts at Nomura said in a note on Friday. Tensions over the development of the North’s nuclear missile program have cooled this week, after last week’s […]

The Chinese government is moving to tackle high debt levels, but the country is still borrowing more, Deutsche Bank said in a report released Thursday. That’s because short-term consumer debt in China has begun to surge as authorities try to alleviate the high levels of corporate indebtedness. The redistribution comes as Beijing is trying to […]

Infosys Ltd, in a surprise announcement, said Vishal Sikka has resigned as CEO citing a stream of distractions and disruptions in recent months, pushing down shares of the second-largest Indian IT services firm almost 8 percent on Friday. U.B. Pravin Rao, Infosys’ chief operating officer, was named interim managing director and chief executive. Rao will […]

The ousted chief executive officer of Uber Technologies called a lawsuit filed against him by one of the company’s top investors a “public and personal attack” without merit, according to court documents filed late on Thursday. Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the […]

The North American Free Trade Agreement may not include any Asian nations, but the trade-dependent region will be closely watching how the Trump administration handles talks, analysts said. President Donald Trump since his campaign has railed against many previously negotiated trade deals. After axing the Trans-Pacific Partnership that would have linked major Asian economies with […]