The latest report cards from Singapore three home-grown lenders reinforced expectations that the banking sector in one of the world’s primary financial centers has seen its worst. Loan growth was strong, wealth management income expanded and fewer new bad loans were identified, results showed. Yet, shares of all three banks were in the red on […]

The fallout from Australia’s latest banking scandal — allegations that Commonwealth Bank may have ignored money-laundering regulations — could spur serious pain for the sector. Commonwealth Bank of Australia (CBA), the largest bank Down Under, saw its shares tumble on Friday, shedding nearly 4 percent by the close. That followed the Australian government’s financial intelligence […]

It’s time to flip the calendar for Carrie Lam, Hong Kong’s first female chief executive. The new leader of the Chinese special administrative told CNBC that her first month in office has been “substantial,” but she managed to accomplish quite a bit of what she’d wanted to do. One of those goals was attempting to […]

Japanese automakers Toyota and Mazda are forming a partnership to build a new final assembly plant in the United States, with sources familiar with the plan telling CNBC the joint venture and assembly plant will be announced Friday in Japan. A location for the $1.6 billion facility has not yet been picked, but it’s expected […]

Blockbusters like “Dunkirk” and “Spider-Man: Homecoming” may have received the thumbs up from moviegoers around the world this summer, but they aren’t yet making any waves in China. That’s because of China’s annual “Hollywood blackout,” which is when the country initiates an undeclared ban on the release of all foreign films during specific periods of […]

China’s Foreign Ministry on Thursday said India has been building up troops and repairing roads along its side of the border amid an increasingly tense stand-off in a remote frontier region beside the Himalayan kingdom of Bhutan. The stand-off on a plateau next to the mountainous Indian state of Sikkim, which borders China, has ratcheted […]

China is bracing for a clash with the U.S. when President Donald Trump announces potentially aggressive trade measures against Beijing. White House officials told CNBC the president will make deliver a speech on Friday targeting Chinese intellectual property and trade practices. Here is how people in China are reacting. The official Chinese response has largely […]

As Beijing’s sweltering summer rolls into August, China’s political elite usually retreats seaside to deliberate the hottest topic of all: the future of the ruling Communist Party. The highly secretive confab is in Beidaihe, a beach resort roughly 175 miles east of Beijing along the Bohai Sea, and it’s an annual ritual from the days […]

Japanese Prime Minister Shinzo Abe has chosen his new cabinet, reappointing key economic ministers but replacing his defense and foreign ministers in a sweeping reshuffle, the top government spokesman said on Thursday. Abe re-appointed Taro Aso as finance minister, top government spokesman Yoshihide Suga, who will also remain in his job, told a news conference. […]

President Donald Trump’s administration is poised to announce what could become a major effort to strike out at China for its trade practices, but the stock market rally this year hasn’t even hiccuped. The announcement is set for Friday and will reportedly use part of the 1974 Trade Act, Section 301, which allows the U.S. […]