China has hit back at claims of a continued uptick in trade with North Korea, arguing that its figures were taken out of context and trade with its neighbor has instead been on the decline. President Donald Trump criticized China for its ties with North Korea’s government following the launch of a test missile earlier […]

MUMBAI, India — Amazon Prime Video is looking to cash in on India’s two biggest loves: Bollywood and cricket. The streaming service is set to debut its first original series for India, “Inside Edge,” on Monday — just six months after Amazon’s Prime service launched in the country. It’s the latest push to capture a […]

Indonesia suffered its worst financial crisis in 1997 to 1998. The Asian Financial Crisis that hit the nation severely affected its economy, with some reports indicating a 13.7 percent contraction in growth. In one year, the Rupiah weakened from 2,500 against the U.S. dollar, to 10,000 Rupiah — with the pair peaking at 17,000. Twenty […]

South Korean police said on Friday it raided the headquarters of Korean Air Lines Co. Ltd. as part of an investigation into embezzlement and breach of trust. A police official said it was a probe into allegations that company funds were used to pay for construction work at the home of Korean Air Chairman Cho […]

The United States is not interested in making concessions to North Korea anytime soon, following what is widely believed to be that country’s first launch of an intercontinental ballistic missile (ICBM), according to analysts at research firm Eurasia Group. Evan Medeiros, managing director and practice head for Asia at Eurasia Group, wrote in a July […]

China should focus on fixing fundamental problems that may trigger a financial crisis instead of witch-hunting, an economist said Friday. Speaking to CNBC’s “Squawk Box,” independent economist Andy Xie said China has managed to avoid a financial crisis now by tightening capital controls, but there’s more to be done. “Any other country would’ve collapsed, but […]

Two U.S bombers flew over the disputed South China Sea, the U.S. Air Force said in a statement on Friday, asserting the right to treat the region as international territory, despite China’s territorial claims in the busy waterway. Before their flight on Thursday, the two B-1Bs trained with Japanese jet fighters in the neighboring East […]

The Bank of Japan stepped up plans for its bond-buying on Friday as Japanese government bond (JGB) yields crept higher, causing the yen and oil to drop. On Friday, the BOJ said it would buy an unlimited number of 10-year JGBs at a yield of 0.110 percent, and it increased the size of its regular […]

Things may have turned for the worse between the United States and China. Even before an increasingly dangerous North Korea exposed divisions between the world’s two biggest economies, the relationship between the U.S. and China was already souring. And the seemingly friendly Mar-a-Lago resort meeting between U.S. President Donald Trump and Chinese President Xi Jinping […]

Virtual currencies like bitcoin are assets but bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, a Chinese central bank adviser said. Sheng Songcheng, adviser to the People’s Bank of China (PBOC), made the comments in an interview with financial magazine Yicai published […]