The Federal Reserve’s inflation target is expected to remain out of reach in 2018, leaving the central bank disappointed for yet another year, Swiss bank UBS said Tuesday. Inflation in the U.S. is forecast to end the year at around 1.7 percent, below the Fed’s target of 2 percent, the bank’s chief U.S. economist Seth […]

South Korean President Moon Jae-in said on Wednesday denuclearizing the Korean peninsula is an aim that cannot be abandoned, but also that he did not want the immediate reunification of North and South Korea. “The denuclearization of the Korean peninsula the two Koreas agreed upon jointly (in the past) is our basic stance that will […]

China’s consumer inflation accelerated to 1.8 percent in December, official data showed on Wednesday. The consumer price index (CPI) had been expected to rise 1.9 percent from a year earlier, compared with an increase of 1.7 percent in November. The producer price index rose 4.9 percent from a year earlier, compared with the previous month’s […]

Asian markets searched for direction early on Wednesday after yields on U.S. government debt rose and stocks stateside closed higher overnight. In the region, investors await the release of China inflation data later during the day. Japan’s Nikkei 225 was flat in the morning as gains seen in automakers and financials were offset by losses […]

The discussion of North Korea’s nuclear program and its weapons arsenal, which is solely aimed at the United States, would negatively impact inter-Korean ties, a North Korean official said on Tuesday while finishing up talks with the South. “North Korea’s weapons are only aimed at the United States, not our brethren, China or Russia,” said […]

Alibaba Group Holding Ltd will “seriously consider” listing in Hong Kong, founder Jack Ma said, potentially providing a powerful boost to the financial hub which is preparing to allow dual-class share listings. Ma made the comments at an event in the city on Monday in response to remarks made by Hong Kong Chief Executive Carrie […]

North Korea and South Korea appear to embracing talks aimed at reducing tensions between the two neighbors and nemeses, just days after North Korea’s leader threatened that he has a “nuclear button” ready on his desk. Rare talks to improve inter-Korean relations appeared to be going well Tuesday, with North Korea saying that it will […]

Intel went big on autonomous driving on Monday, showcasing its first self-driving test car and announcing a number of tie-ups with automakers to take the technology forward. The company introduced the first autonomous car in its 100-vehicle test fleet during CEO Brian Krzanich’s keynote address at the industry expo CES in Las Vegas. The car […]

Vivien Wang, founder and chief executive of Chinese kindergarten company Etonkids Educational Group, spoke with CNBC on Tuesday about tech in the classroom. In fact, each classroom in the company’s kindergartens features an interactive white board that allows teachers to access resources on the internet, she said. “In every single classroom at our bilingual international […]

A tanker carrying Iranian oil that collided with a Chinese freight ship in the East China Sea was still on fire on Tuesday morning, the Chinese government said, as dozens of rescue boats struggled to control the blaze for a third day. Poor conditions, with heavy winds, rain and high waves, continue to hamper efforts […]