Chinese internet giants Tencent, Baidu and Sina Weibo are under investigation for potential cyber-security violations, the mainland’s office for cyberspace administration said on Friday. According to earlier investigations, the social media platforms of these companies — WeChat, Tieba and Weibo respectively — have users spreading “violent, terror, false, rumored, and pornographic information that damages national […]

Slowing economic growth in China is spurring its top leadership to expand the country’s influence beyond its shores — a development that was most recently on display at an annual forum of the Association of Southeast Asian Nations. Over the weekend meeting, foreign ministers grappled with how to refer to differences in the South China […]

Singapore’s economic growth accelerated in the second quarter, with its gross domestic product rising 2.9 percent on-year, beating a Reuters poll forecast for 2.6 percent growth. Quarter-on-quarter, the economy expanded by 2.2 percent on a seasonally-adjusted annualized basis, compared with a Reuters poll forecast for just 0.5 percent growth. Manufacturing was a key driver of […]

U.S.-North Korea geopolitical tensions came to the fore once again as Asian stocks remained pressured and demand for safe haven assets remained intact in Friday trade. South Korea’s benchmark Kospi index fell 1.69 percent, driven by losses in tech and retail stocks. Samsung Electronics and SK Hynix sank 2.61 percent and 4.04 percent respectively, while […]

If the world’s largest economy wishes to avoid full-blown conflict with North Korea, President Donald Trump may need to adopt the measured style of Secretary of State Rex Tillerson instead of engaging in a war of words with the rogue nation. Two days after Trump’s “fire and fury” ultimatum to North Korean leader Kim Jong […]

Threats of Armageddon are flying between the U.S. and North Korea. President Donald Trump even implied he will launch a pre-emptive strike on North Korea, possibly using tactical nuclear weapons. The Pentagon has a plan to do just that. If carried out, however, it will fail and will likely undermine the real tools of arms […]

A tech fund backed by Japan’s SoftBank Group has picked up one of the biggest stakes in India’s leading homegrown online retailer Flipkart, the Bengaluru headquartered firm said in a statement on Thursday. The SoftBank Vision Fund has invested in Flipkart via a mix of direct capital infusion and buying out stakes from some of […]

Amitabh Bachchan is an Indian movie legend who has been called “the undisputed Godfather of Bollywood” and is also known as “Big B,” having starred in almost 200 films. Aged 74, he is still prolific, with three movies coming out in 2017 alone. And he has credited the home of Indian movies, Mumbai, as a […]

China’s steel prices are rising, and the government is getting worried about striking the right balance on the markets. China, the world’s largest steel producer, has been working to tackle overcapacity in the sector, as the government seeks to find economic growth outside of heavy industry and manufacturing, The cutbacks also come amid long-time claims […]

As lenders in China release their financial report cards this month, investors can expect clearer signs on how well banks in the world’s second-largest economy are holding up against a government-led clamp down on swelling debt. The health of the Chinese banking sector is closely-watched as lenders hold more than 90 percent of total financial […]