China warned of a “bumpy journey” in trade with the U.S. and “retaliatory measures” a day after Washington blocked MoneyGram’s proposed sale to a financial services firm affiliated with Chinese tech giant Alibaba. “It is not surprising that a number of Chinese companies have hit the buffers in Washington as trade tensions between the two […]

South Korea’s central bank chief said on Thursday the bank will leave currency moves to marketforces, but would respond if changes in the won get too big. “The stance on currency has not changed — we will respect that the market moves on supply and demand but the finance ministry and the Bank of Korea […]

Just 24 hours after President Donald Trump took aim at Pakistan on Twitter, the South Asian nation already appears to be cozying up to the world’s second-largest economy. A day after the U.S. leader slammed Islamabad for harboring terrorists in a New Year’s Day tweet, Pakistan’s central bank announced that it will be replacing the […]

Major Asian markets traded higher on Thursday, following the stronger lead seen on Wall Street. Investors in the region will also keep an eye on Caixin’s China services and composite PMI later in the morning after the Caixin manufacturing PMI beat estimates and the country’s official PMI met expectations. Japan’s Nikkei 225 popped at the […]

It’s only a matter of time before China lifts its ban on cryptocurrency exchanges, according to the entrepreneur behind what was once China’s longest-running bitcoin trading operations. “In this world, nothing is ever permanent,” said Bobby Lee, CEO and co-founder of BTCC, which closed down its China-facing trading operations in September 2017 after a well-publicized […]

Rising oil prices and hawkish policy from its central bank are the two biggest risks for India’s economy in 2018, a financial expert told CNBC on Wednesday. The increasing price of oil is “concerning” for India, said Vik Mehrotra, CEO and CIO of India-focused financial advisory firm Venus Capital. He added that this would particularly […]

Beijing’s crackdown on pollution has put China on track to overtake Japan this year as the world’s biggest importer of natural gas, used to replace dirtier coal. China — already the biggest importer of oil and coal — is the world’s third biggest user of natural gas behind the United States and Russia, but has […]

North Korean leader Kim Jong Un reopened a key cross-border communication channel with South Korea for the first time in nearly two years Wednesday as the rivals explored the possibility of sitting down and talking after months of acrimony and fears of war. Even among the sudden signs of easing animosity, however, President Donald Trump […]

South Korea is willing to roll out more than just the red carpet for its northern neighbor should the latter decide to participate in the upcoming Winter Olympics held in PyeongChang. The provincial government of Gangwon, in which the games will be held, indicated Wednesday it would provide a cruise ship to North Korea to […]

A Vietnamese tycoon detained in Singapore last week remains in the city-state, one of his lawyers said on Wednesday, easing his family’s immediate fears that he could face the death penalty if he were sent back home. Phan Van Anh Vu, 42, a property developer and former secret service officer who media say is wanted […]