Beijing appeared to have doubled down on its crackdown of the internet in China, with news emerging that over the weekend, Apple pulled several virtual private network (VPN) services from the local version of the App store. Multiple VPN service providers, affected by the decision, slammed the move online, calling it a “dangerous precedent” set […]
Read moreWashington has no clear options to peacefully rein in an aggressive Pyongyang, political analysts said following the rogue state’s second intercontinental ballistic missile test in a month. That stalemate that could heighten the chance of risky military action. Aside from President Donald Trump’s Twitter tirade at China, Washington has so far responded to Friday’s launch […]
Read moreBarely a month after approving the inclusion of Chinese shares in its benchmark emerging market index, MSCI is warning that companies in China that suspend trading in their shares for too long risk being dropped. MSCI’s head of research for Asia Pacific, Chin Ping Chia, said China was an outlier in global markets with too […]
Read moreSeveral high profile Chinese firms may be on the receiving end of government scrutiny over their overseas acquisitions, but the authorities are not cracking down on foreign investments, a Beijing-backed think tanker said. “The Chinese government is not discouraging overseas investment. It’s just that the government has started regulating overseas investment,” Cao Wenlian, director general […]
Read moreChina is set to report its official manufacturing Purchasing Managers’ Index for the month of July on Monday. Economists were expecting that PMI number to come in a 51.6 for July, just slightly slower from June’s 51.7 reading, according to a poll by Reuters. Levels above 50 indicate expansion, while levels below signal contraction. Earier […]
Read moreJapan’s industrial output rose 1.6 percent in June from the previous month due to higher production of cars and chemicals, preliminary government data showed on Monday, in a sign of a pickup in manufacturing activity. The result compared with the median estimate of a 1.7 percent increase in a Reuters poll of economists. It followed […]
Read moreGeopolitical tensions in the Korean Peninsula ramped up in recent days and the dollar slipped on the back of U.S. GDP figures ahead of the market open in Asia Monday. U.S. GDP grew at 2.6 percent in the second quarter, according to the Commerce Department’s advanced estimate released Friday. While the reading met expectations, the […]
Read morePakistan’s ruling PML-N party will appoint Shahid Khaqan Abbasi as the interim prime minister to replace ousted leader Nawaz Sharif, two sources close to Sharif said on Saturday, with Sharif’s brother Shahbaz chosen as the long-term successor. A senior PML-N official close to Sharif said Abbasi, 58, will be announced as the interim leader “in […]
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Amazon’s first foray into the Southeast Asian market appears to have hit a roadblock. The e-commerce giant launched its express, same-day delivery service, Prime Now, on Thursday morning in Singapore, but by that afternoon the service seemed to have become unusable. Many users in Singapore were unable to select a delivery window for their purchases […]
Read moreAsian indexes closed mostly lower on Friday as investors parsed through corporate earnings in the region. Japan’s Nikkei 225 slid 0.6 percent, or 119.8 points, to close at 19,959.84. South Korea’s benchmark Kospi index declined 1.73 percent, or 42.25 points, to end at 2,400.99. In Australia, the S&P/ASX 200 fell 1.42 percent, or 82.192 points, […]
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