Asian shares looked set for a mixed start on Tuesday after U.S. stock indexes recorded gains amid an improvement in sentiment over U.S.-China trade developments. Nikkei futures traded in Chicago were up 0.13 percent against the index’s last close at 22,895 while Australian SPI futures were flat at the end of Monday. That followed a […]

The United States is offering assurances to North Korea’s Kim Jong Un as it seeks to put in motion the potential for a sweeping nuclear deal ahead of President Donald Trump’s upcoming summit with the North Korean leader. Secretary of State Mike Pompeo said the U.S. will need to “provide security assurances” to Kim if […]

Chinese ride-hailing firm Didi Chuxing has been given a permit to test self-driving cars in California. The company is allowed to test autonomous vehicles in the state as of May 10, according to the California Department of Motor Vehicles’ website. Didi was not immediately available for comment when contacted by CNBC. Didi, which bought out […]

The U.S. decision to shift its embassy in Israel from Tel Aviv to Jerusalem will make the Middle East a more dangerous place, according to Prince Turki Al-Faisal of Saudi Arabia. “America has stood for rule of law, for justice, for respect of international agreements…and now we see all of that being pushed aside for […]

J.P. Morgan Chase & Co said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the U.S. bank would own a 51 percent stake. The bank’s asset and wealth management unit is also working on increasing its current joint venture stake to […]

In the aftermath of Malaysia’s stunning election result, one of the country’s most respected business figures has admitted to “buckling” to pressure from the previous government. AirAsia CEO Tony Fernandes, who enjoys near-rockstar status in the Southeast Asian nation, apologized on Sunday for a flashy, apparent endorsement of then-leader Najib Razak in the run- up […]

China expects to deliver its domestically developed AG600, the world’s largest amphibious aircraft, to customers by 2022, the state-run Xinhua news agency reported late on Sunday citing the plane’s manufacturer. “We are endeavouring to get the airworthiness certification from the civil aviation authorities by 2021, and deliver it to the customers by 2022,” Xinhua quoted […]

A vehicle exploded injuring several Indonesian police in Surabaya on Monday, a day after Islamist militants killed at least 13 people in suicide attacks on churches in the country’s second largest city, police said. The blast had occurred at 8.50 a.m. (0150 GMT) at their police office, East Java police spokesman Frans Barung Mangera told […]

Forget Seoul’s posh Gangnam district. With North Korea pledging to reduce tensions and renew ties with its southern neighbor, South Korea’s hottest property market is now along the heavily fortified border between the two countries. Demand for property in small towns and sparsely populated rural areas around the Demilitarized Zone (DMZ) is surging on expectations […]

Asian shares looked set for a steady open on Monday after spending last week focused on oil market moves amid concerns over Iranian oil exports. U.S. stocks closed mostly higher on Friday amid gains seen in energy shares on the back of higher oil prices. That had followed President Donald Trump’s announcement last week that […]