The commodities sector has been hit by escalating trade tensions between Washington and Beijing, but coal is bucking that trend as China’s demand for the fossil fuel remains high. Benchmark Australian thermal coal prices have risen 40 percent this year so far, breaking through $120 per metric ton for the first time since 2012. “We […]

Mobile phone maker Xiaomi’s disappointing initial public offering has cast a cloud over potential new listings by Chinese companies in Hong Kong. The intensifying trade conflict between Beijing and Washington is only further deflating sentiment. Xiaomi shares closed lower Monday in Hong Kong on its first day of trading after the world’s fourth-largest mobile phone […]

Asian stocks traded mostly higher on Thursday, with markets shaking off some of the trade jitters seen overnight after the Trump administration announced a list of Chinese goods that may be subject to new tariffs. The Nikkei 225 rose 0.77 percent in Tokyo morning trade, recouping some of its declines from the previous session. The […]

The Indian government has issued a stern warning to Cambridge Analytica, the now-defunct political consultancy, over its operations in the country. The embattled former firm had “better come on board or face the consequences,” Ravi Shankar Prasad, India’s minister for its Information Technology and Law and Justice departments, told CNBC on Tuesday. Former Cambridge Analytica […]

The Trump administration on Tuesday released a list of Chinese goods — with an annual trade value of about $200 billion — that may be subjected to 10 percent tariffs. That was the latest salvo in an escalating trade war between the world’s two largest economies. On Friday, the U.S. initiated a round of 25 […]

Tuesday’s threat from the U.S. of a round of 10 percent tariffs on an additional $200 billion worth of Chinese imports could deliver a major blow to China’s export sector if it takes effect. The new list shows that Washington is targeting key Chinese manufacturing export industries, said Rajiv Biswas, Asia Pacific chief economist at […]

Trade developments are expected to return to focus during Asian trade on Wednesday, following the release of a list of an additional $200 billion in Chinese goods on which the U.S. is considering imposing tariffs. Nikkei futures traded in Chicago were down 0.48 percent compared to the index’s previous close. Australian SPI futures were higher […]

Elon Musk has visited the location where a group of Thai boys and their soccer coach are trapped in a cave, according to a post on his Twitter account. The Tesla CEO tweeted late Monday that he had “just returned from Cave 3,” likely in reference to Chamber Three, the rescue command center. A “kid-size […]

Singapore’s state investment firm Temasek Holdings said Tuesday the value of its portfolio jumped above 300 billion Singapore dollars for the first time ever. The company said the size of its portfolio grew to 308 billion Singapore dollars ($235 billion) in the year ended March 31, representing a 12 percent increase year-over-year in local currency […]

.Markets in Asia were poised for gains on Tuesday, taking cues from the rally in U.S. stocks as investors temporarily set aside recent trade-related concerns. Nikkei futures traded in Chicago were up 0.78 percent compared to the index’s Monday close. Australian SPI futures, meanwhile, were 0.43 percent higher at the end of the previous session. […]