China reported its consumer price index rose 1.4 percent in July from a year ago while the producer price index rose 5.5 percent in the same period, the National Bureau of Statistics said Wednesday. Analysts polled by Reuters expected consumer inflation to stay steady from June at 1.5 percent on-year while producer prices were also […]

Nine people have been killed, including six tourists, and 164 injured in an earthquake that struck a remote and mountainous part of southwest China’s Sichuan province, the local government and official media said on Wednesday. The quake hit a sparsely populated area 200 km (120 miles) west-northwest of the city of Guangyuan on Tuesday evening […]

Most Asian indexes were pressured as geopolitical tensions re-entered the spotlight Wednesday, while the dollar saw a boost from the Tuesday release of robust monthly U.S. jobs openings. Japan’s Nikkei 225 was down 0.91 percent and South Korea’s Kospi declined 0.66 percent in early trade. Australia’s benchmark S&P/ASX 200 index bucked the trend to climb […]

Chinese ride-hailing giant Didi Chuxing has announced plans to expand its business in the Middle East and North Africa. The Uber rival said it would enter into a strategic partnership with the Dubai-based car booking service Careem to strengthen its presence in the region. It follows the firm’s decision last Tuesday to team up with […]

State oil company Saudi Aramco will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source familiar with the matter told Reuters on Tuesday. The cuts in allocations are in line with Saudi Arabia’s commitments with the OPEC-led supply reduction pact, under which the top […]

American CEOs have been quick to support strong U.S.-India relations as many see the rising economy as a source of future growth — especially as China slows down. A notable group of CEOs and executives led by Cisco Executive Chairman John Chambers just started a new organization called the U.S.-India Strategic Partnership Forum. The group […]

Mazda Motor Corp. said it would launch a new engine in 2019 that it says would be the world’s first commercial gasoline engine to use compression ignition, unveiling a plan that places traditional engines at the center of its longer-term strategy. As many automakers scramble to get into the electric car segment, the Japanese automaker […]

Stung by the latest round of United Nations sanctions, North Korea is likely on the lookout to expand its illicit trade outlets. But countries who previously did business with the rogue state may now be less inclined to make new deals. Pyongyang props up its nuclear program with income from the sale of various illegal […]

Moody’s Investors Service cut the outlook for Qatar’s banking system to negative from stable on Tuesday amid a continuing blockade of the country by its neighbors. Qatar has faced a two-month-long economic embargo imposed by a group of fellow Gulf Cooperation Council countries, including Saudi Arabia. The Saudi-led group has presented Qatar with a list […]

China’s giant cash pile is increasing — and it’s a sign that the government’s industry-spanning crackdown on money fleeing the country is working. On Monday, official data showed that China’s foreign exchange reserves in July hit $3.081 trillion, the highest in nine months. The figure was up $24 billion from the previous month. That will […]