North Korea‘s refusal to drop its nuclear weapons program may have a lot to do with the fate that met another would-be nuclear power’s dictator just a few years ago. Pyongyang’s ongoing development of nuclear weaponry — including the successful launch last week of a missile that could potentially reach the United States — has […]

Compared to a year ago, investors are now more willing to overlook China’s economic slowdown, realizing that current cyclical bumps will not derail the country’s prospects, UBS CEO Sergio Ermotti told CNBC. China can still double the size of its economy even if it grows only 5 percent over the next 15 years, he added. […]

COSCO Shipping‘s and Hong Kong‘s Orient Overseas International‘s (OOIL) shares leapt on Monday after the Chinese shipping giant made a $6.3 billion offer for its smaller rival on Sunday. Analysts said the pricing of the deal, at a 31.1 percent premium to OOIL’s previous close, was high given the global container shipping industry is only […]

China’s Dalian Wanda said in a statement that it will sell 76 hotels and 13 cultural and tourism tourism projects to Sunac, a Tianjin-based property developer for 63.18 billion yuan ($9.29 billion). The property-to-entertainment group said it will sell 76 of its hotels in China to Sunac for 33.6 billion yuan ($4.94 billion) and 91 […]

When Horan Fu decided to buy a 500-sq-foot apartment for HK$7.4 million last year, the biggest draw was the developer’s offer of 85 percent financing with an option to defer interest payments for the first three years. “The interest rate could be a lot higher after three years, but there’s also a chance that the […]

After a weekend of criticism of President Donald Trump‘s tweeted plan to create a cybersecurity unit in cooperation with Russia, the president posted on Twitter late Sunday U.S. time that he actually didn’t think it would happen. Donald J. Trump: The fact that President Putin and I discussed a Cyber Security unit doesn’t mean I […]

Chinese inflation data for June came in line with expectations on a year-over-year basis when they were released on Monday. Those figures are closely watched by investors for what they say about the strength of the Chinese economy. China’s Consumer Price Index rose 1.5 percent year-on-year in June, according to Reuters. The Producer Price Index, […]

Japan’s core machinery orders fell 3.6 percent in May from the previous month, government data showed on Monday, in a sign capital spending lacks momentum. The surprise fall in the core orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, undershot the 1.7 percent […]

Singapore’s sovereign wealth fund GIC, among the world’s biggest investors, said it was turning cautious and expected returns to slow over the next decade, given high valuations, uncertainty over monetary policy and modest economic growth. “Compared to last year, the world has become more uncertain … but the market seems quite happy,” GIC CEO Lim […]

One of the biggest, most expensive liquefied natural gas projects in history may have developed a physical crack — and the managing company isn’t answering questions from investors. They may have reason to worry. The crack, which is believed to be in a floating production storage and offloading (FPSO) unit, could add billions of dollars […]