It was once a powerhouse in the cellphone marketplace, supplying a tenth of the world’s smartphones in 2011. Now, after consecutive financial losses, HTC is cutting a fifth of its global workforce. The company said it was laying off 1,500 manufacturing workers in Taiwan, its home country, in an effort to “realign” resources. It had […]

One year ago, China made a major move to open up its domestic, or onshore, bond market. But the sector is now facing a trying time as investors brace for a greater number of payment defaults in the months ahead. That’s coming at a time when the Chinese economy faces the threat of a further […]

Asian markets edged cautiously higher on Tuesday, retracing some of the sharp declines seen in the overnight session as stocks tracked gains seen on Wall Street although worries over U.S. trade policy lingered in the background. The Nikkei 225 advanced 0.22 percent in early trade after steep losses seen in the previous session. Insurers and […]

Trade volume and activities have been going up within Asia, but that could soon change depending on which way trade tensions between the U.S. and China swing. In the past year, growth in Asian trade corridors has increased, according to data derived from Citi’s support of clients’ trading activities. The bank’s client business between South […]

Nearly three weeks since North Korean ruler Kim Jong Un committed to complete denuclearization, multiple signs have emerged of expanding activity at his country’s nuclear facilities. If the reports are true, that would mean Kim has yet to take concrete steps to fulfill the pledge he made at a historic summit with U.S. President Donald […]

A closely watched index on China’s economic activity met expectations in June. The private Caixin/Markit manufacturing PMI came in at 51.0, slightly lower from 51.1 in May as new export sales fell for the third straight month, said a joint press release. Economists polled by Reuters had expected the Caixin/Markit index to slip to 51.0 […]

Asian futures tipped a mixed open for markets in the region on Monday, the first trading day of the second half of the year, with trade tensions between the U.S. and its trading partners still a key concern for investors. Nikkei futures traded in Chicago were lower by 0.56 percent compared to the benchmark’s last […]

Egyptians are mourning the exit of their country’s national team from the World Cup soccer tournament following a 2-1 loss to Saudi Arabia this week. But there’s a silver lining, according to Egyptian-American economist Mohamed El-Erian. Egypt’s experience at this year’s FIFA tournament — its first World Cup qualification in 28 years — holds important […]

As the United States increasingly confronts China over trade and turns away from decades of championing lower tariffs, Beijing is seen getting a boost from its globe-spanning — and heavily marketed — investment program. China’s Belt and Road Initiative is a massive infrastructure project that covers more than 80 countries, claims to seek the revival […]

Asian stocks looked set to open higher on the last trading day of the week, tracking gains seen stateside as investor concerns over U.S. trade policy persisted. Futures tipped Japan and Australia to open higher: Nikkei futures traded in Japan were up 0.22 percent compared to the benchmark’s Thursday close. Australian SPI futures were higher […]