Asian stocks traded higher early on Friday, tracking gains seen on Wall Street overnight, with the Dow Jones industrial average notching its sixth consecutive day of gains in the last session. The Nikkei 225 was up 0.68 percent in Tokyo and the broader Topix gained 0.55 percent. The materials sector was weaker in the morning, […]
Read moreSingapore is the ideal location for the unprecedented meeting between President Donald Trump and North Korean leader Kim Jong Un, experts said after Trump’s announcement via Twitter on Thursday. The wealthy island city-state, located just off the southern tip of Malaysia in Southeast Asia, is trusted by governments and businesses across the globe, and is […]
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It’s several minutes before noon on a Thursday afternoon at Huawei’s headquarters. Located in Shenzhen, the emerging tech city in the Guandong providence of China, the campus covers a massive area filled with trees, mid-sized buildings and lakes. In what could easily be confused for a large university campus, the setting quickly goes from serene […]
Read moreA stunning win by the opposition bloc in Malaysia’s general election on Wednesday could have implications for the Southeast Asian nation’s ties with China, a major invsetor. Mahathir Mohamad, a former Malaysian prime minister who led his opposition alliance to victory over the ruling coalition, said Thursday the country could renegotiate several agreements that had […]
Read moreNorth Korea’s Air Koryo plans to launch charter flights between Pyongyang and Chengdu in south-west China, two airline officials told Reuters, amid a major improvement in diplomatic relations between the neighbours. The flights to Chengdu, one of the biggest cities in China’s vast western region, could start as early as late June if approved by […]
Read moreA plane carrying three Americans released by North Korea landed at a military base bear Washington early on Thursday to be welcomed by U.S. President Donald Trump and his wife, Melania. North Korea released the three – Kim Dong-chul, Kim Sang-duk, also known as Tony Kim, and Kim Hak-song – and handed them over to […]
Read moreJapanese Prime Minister Shinzo Abe is the only leader from a major stakeholder country to not publicly arrange a meeting with North Korea’s Kim Jong Un this year. “Japan has been very isolated on the North Korean issue,” said Richard McGregor, senior fellow at think tank the Lowy Institute in Australia. Tokyo has, however, managed […]
Read moreGeneral Motors has agreed to set up its Asia-Pacific headquarters in South Korea, in a further commitment by the U.S. automaker to its loss-making local unit, the government said on Thursday. Under a preliminary agreement, GM will also buy more parts from South Korean suppliers for its overseas operations, boosting procurement from about 2 trillion […]
Read moreBillionaire Li Ka-shing — one of the world’s richest men — is set to retire on Thursday ahead of his 90th birthday later this year, capping a career as one of Asia’s most storied businessmen and handing the reins of his corporate empire to his son. Known as Asia’s “superman,” Li was set to formally […]
Read moreMahathir Mohamad, who led an opposition coalition to victory in Malaysia’s election, said Thursday his group is entitled by law to form a government immediately. In fact, he said he expects to be sworn in as prime minister today, and his coalition will have the support of 135 members of the 222-seat parliament. “There has […]
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