Chinese smartphone maker Xiaomi on Thursday filed for an initial public offering in Hong Kong but did not disclose the amount it’s looking to raise or its projected valuation. Reports have suggested it could become the largest listing by a Chinese tech company in nearly four years. In its disclosure to Hong Kong Exchanges, Xiaomi […]

Asian shares looked set for a muted open on Thursday following a decline in markets stateside as investors focused on the Federal Reserve’s latest statement. U.S. stocks finished the day in negative territory after the Fed kept interest rates unchanged, a move that was widely expected, and acknowledged that inflation was starting to inch higher. […]

China has quietly installed anti-ship cruise missiles and surface-to-air missile systems on three of its fortified outposts west of the Philippines in the South China Sea, a move that allows Beijing to further project its power in the hotly disputed waters, according to sources with direct knowledge of U.S. intelligence reports. Intelligence assessments say the […]

Saudi Arabia’s economy is unfazed by geopolitical turmoil in the region, its finance minister said Wednesday when asked about intensifying conflicts with its neighbors. “There has been a lot of turbulence around the world. If the economy is going be crippled just because a terrorist group is in access of one or two hundred missiles, […]

Heightened geopolitical tensions remain a risk for Saudi Arabia even though there is a low probability of revenues getting hit, a Fitch Ratings expert said Wednesday. “Clearly the escalation of tensions with Iran is a big issue, no question about it,” Jan Friederich, head of Middle East and Africa sovereign ratings at Fitch Ratings, told […]

Peppa Pig — the anthropomorphic pink pig from the eponymous British animated series — is the latest cultural product that’s been given the axe on a Chinese platform. Some 30,000 video clips featuring the children’s cartoon character have disappeared from social media platform Douyin, according to Chinese state-owned tabloid Global Times. The videos had previously […]

The U.S. dollar has gained strength in recent weeks, but that may change in the second half of the year, according to a portfolio manager from Conning Asia Pacific. The dollar index, which measures the greenback against six major currencies, climbed 3.43 percent in the last two weeks as U.S. economic data has been better […]

Ahead of a meeting between officials from the world’s two largest economies to iron out their trade tensions, state-owned Chinese media has one message for the American delegates: Don’t expect China to give into all of your demand. “Washington had better not expect that its trade-war stick will force Beijing to take whatever the US […]

South Korea said on Wednesday the issue of U.S. troops stationed in the South is unrelated to any future peace treaty with North Korea and that American forces should stay even if such an agreement is signed. “U.S. troops stationed in South Korea are an issue regarding the alliance between South Korea and the United […]

A survey focused on small and mid-size manufacturing in China is expected to indicate a slowdown in factory activity growth in April, reflecting possible risks from U.S.-China trade tensions. The private Caixin/Markit PMI, which focuses on small and mid-size businesses in China, is expected to edge down to 50.9 in April from 51 in March, […]