China’s 2017 trade surplus with the U.S. was $275.81 billion, the country’s customs data showed Friday, according to Reuters. By that data, last year’s surplus is a record high, the wire service reported. For comparison, the previous record was a surplus of $260.8 billion in 2015. The world’s second-largest economy had a surplus of $25.55 […]

China on Friday reported a sharp drop in trade with North Korea in 2017. The overall trade between the two countries for the year fell 10.5 percent compared to 2016. For the month of December, the change was even more dramatic: Overall trade for that month fell 50.6 percent from the same period in 2016. […]

China reported a 10.8 percent rise in exports and a 18.7 percent jump in imports — both in yuan terms — for 2017. That news, announced Friday by the General Administration of Customs, comes ahead of dollar-denominated trade data later in the day. China’s trade data capped a robust year despite numerous concerns over the […]

U.S. stocks closed higher, Brent crude rose above the $70 mark and the euro jumped against the greenback ahead of Asia’s Friday trading session. Major U.S. indexes rose in the previous session after recording slight losses on Wednesday. The Dow Jones industrial average rose 0.81 percent, or 205.60 points, to finish the session with a […]

YouTube said Wednesday it is removing popular American vlogger Logan Paul from its Google Preferred platform and putting future projects with him on hold, after Paul posted a video on theplatform of a suicide victim in Japan. “In light of recent events, we have decided to remove Logan Paul’s channels from Google Preferred. Additionally, we […]

U.S. bonds sold off on Wednesday — and that may have been the point. Markets took a hit following a Bloomberg News report that cited unnamed Beijing officials as saying that China, the largest holder of U.S. Treasurys, could slow or even halt its purchases of that debt. U.S. stocks on Wednesday snapped a six-day […]

Media reports on China considering reducing or halting purchases of U.S. Treasuries could be based on wrong information, a Chinese government source said on Thursday. Bloomberg News reported on Wednesday that Chinese officials reviewing the country’s vast foreign exchange holdings have recommended slowing or halting purchases of U.S. Treasury bonds. China has been diversifying its […]

Search for Malaysia Airlines flight MH370, which vanished from radar screens in March 2014, will begin anew this month, Malaysian newspaper The Star reported Wednesday. The resumption comes after Malaysian authorities took up an offer by U.S. exploration firm Ocean Infinity to continue looking for the plane, the report said. The company, in a statement, […]

The U.S. made a move this week to strengthen its relationship with Taiwan, raising eyebrows in China, which strongly opposes countries pursuing ties with the island-nation. The U.S. House Foreign Affairs Committee passed two bills on Tuesday aimed at bolstering “the critical U.S.-Taiwan partnership,” according to a statement. One bill, called the Taiwan Travel Act, […]

South Korea’s justice minister said a bill is being prepared to ban all cryptocurrency trading. That news is a major development for the cryptocurrency space, as South Korea is one of the biggest markets for major coins like bitcoin and ethereum. “There are great concerns regarding virtual currencies and justice ministry is basically preparing a […]