China has adopted new rules governing the issuance of securities that will allow the domestic flotation of overseas-listed innovators, the China Securities Regulatory Commission said in a notice published late on Wednesday. China is encouraging overseas-listed Chinese companies to launch secondary listings in the domestic market through the issuance of China Depositary Receipts (CDRs), modeled […]

Just weeks after John Bolton’s hardline rhetoric infuriated North Korea and nearly derailed a planned summit between Kim Jong Un and President Donald Trump, the U.S. national security advisor appears to have taken a back seat to Secretary of State Mike Pompeo for the historic meeting. While the hawkish Bolton — who has adopted a […]

Asian shares looked set to rise on Thursday, with futures pointing to gains in markets in Japan and Australia. That followed moves higher on Wall Street in the last session, which saw the Dow Jones industrial average close above 25,000. Nikkei futures traded in Chicago were up 0.68 percent compared to the index’s previous close […]

India’s central bank on Wednesday raised its policy rate for the first time in more than four years, due to inflation concerns, but kept its policy stance as “neutral”. The monetary policy committee lifted the repo rate by 25 basis points to 6.25 percent, the first increase since January 2014, as predicted by 46 percent […]

Malaysian Prime Minister Mahathir Mohamad said on Wednesday he has accepted the resignation of central bank governor Muhammad Ibrahim, but no decision has been made on a successor. “We have not decided on his successor because we need to have the approval of the Agong before we can announce,” Mahathir told a news conference, referring […]

Among the countries that the U.S. has taken issue with, China has stood out for knowing how to handle President Donald Trump’s administration to avoid worsening conflict, former Indian central bank governor Raghuram Rajan said Tuesday. In fact, Rajan said at the Nomura Investment Forum in Singapore, it’s the pragmatism on the part of the […]

Immediate denuclearization has long been Washington’s stated goal on nuclear diplomacy with Pyongyang. But now that President Donald Trump has noticeably softened his tone on that front, many are wondering whether he will still pressure North Korea’s Kim Jong Un next week. Eight days after canceling the June 12 summit, Trump last Friday confirmed the […]

Australia’s economy entered its 27th year without a recession thanks to bumper exports and a jump in business investment, although uncertainty over the outlook for household consumption and global trade remains a worry. Gross domestic product (GDP) expanded by 1 percent in the first quarter, from an upwardly revised 0.5 percent in the December quarter, […]

Asian stocks took a breather on Wednesday, with markets in Japan and Australia trading narrowly mixed as investors digested trade-related developments and the mixed close on Wall Street. The Nikkei 225 hovered around the flat line in Tokyo. The index last traded lower by 0.07 percent as steelmakers and utilities slipped, while oil stocks recovered […]

ZTE has signed an agreement in principle that would lift a U.S. Commerce Department ban on buying from U.S. suppliers, allowing the Chinese telecommunications equipment maker to get back into business, according to sources familiar with the matter. ZTE ceased major operations in May and has been on life support since the seven-year ban was […]