Asian markets were set to open lower on Friday as trade tensions returned to the spotlight after the U.S. announced tariffs on steel and aluminum imports on several of its allies would be reapplied. Nikkei futures traded in Chicago were lower by 0.39 percent compared to the index’s Thursday close. Australian SPI futures also came […]

President Donald Trump said Thursday that North Korean delegates want to deliver to him a letter from Kim Jong Un, the latest sign that a summit between the two leaders may indeed happen after all. The president, speaking to reporters before he departed to attend fundraisers in Texas, said he believes the delegates will be […]

An Alibaba co-founder alleged on Wednesday that many Americans want to stop China from upgrading its technology and from becoming more innovative. Joe Tsai, who co-founded the tech juggernaut and is an executive vice president there, made that claim at a conference in California in response to a U.S. senator saying earlier at the event […]

Investors are pouring funds into Chinese artificial intelligence company SenseTime. The image recognition firm said Thursday that it raised $620 million in fresh funds from prominent investors including Fidelity International, Hopu Capital, Silver Lake and Tiger Global. Chipmaker Qualcomm’s venture capital arm also participated in the round. The new funds would be invested into research […]

South Korean prosecutors raided the headquarters of Korean Air Lines over suspected embezzlement and breach of trust by members of its owning family, Yonhap News Agency reported on Thursday. A company spokesman told Reuters an investigative team was at the headquarters but declined further comment. A prosecution spokesman could not be immediately reached for comment. […]

The looming meeting between President Donald Trump and North Korean leader Kim Jong Un could alter Asia’s security landscape regardless of whether the politicians reach an agreement or not. At the heart of any potential deal is the definition of denuclearization. Pyongyang has previously said it may only dismantle nuclear weapons if Washington removes its […]

The Indonesian rupiah was at its strongest in four weeks after the country’s central bank raised interest rates again on Wednesday — barely two weeks after another such hike. Bank Indonesia, in a widely expected move, increased interest rates by 25 basis points in another attempt to curb the weakness in the rupiah. That followed […]

China reported on Thursday that factory activity grew more than expected in May, with the official manufacturing Purchasing Managers’ Index (PMI) coming in at 51.9 — the highest level since October 2017. The Chinese manufacturing PMI was forecast to dip to 51.3 in May from 51.4 in April, according to a poll of economists by […]

Asian stocks looked set to rebound on Thursday as global markets recovered after recent fears about Italy faded. Futures tipped higher opens for markets in Australia and Japan: Nikkei futures traded in Chicago were up 0.98 percent compared to the index’s Wednesday close and Australian SPI futures were higher by 0.67 percent at the end […]

If the nuclear talks between President Donald Trump and North Korean leader Kim Jong Un do actually happen, it will mark the culmination of a long and unusual path. Just last year, Kim and Trump were exchanging insults and threats. Now they’re on the verge of a historic summit – apparently. “One has to treat […]