China Thursday eased restrictions on foreign investment in sectors ranging from agriculture to banking, as Beijing and Washington continue to spar over a growing trade dispute. But the move is seen as only a small step that’s unlikely to resolve the wider Trump administration assault on what the White House has characterized as China’s “unfair” […]
Read moreCitibank is closing down branches in its fastest-growing region — but the American banking group said that’ll actually help it do better than ever. The lender’s consumer business in Asia, its largest outside North America, registered its seventh consecutive quarter of growth in the first three months of 2018. Underpinning that momentum is the growth […]
Read moreAsian stocks tracked lower on Thursday, taking cues from the losses seen on Wall Street overnight as financial and technology stocks weighed on U.S. markets. In Tokyo, the Nikkei 225 declined 0.66 percent amid broad-based weakness. Losses were led by the energy sector, with the Topix oil and coal products subindex down 1.62 percent after […]
Read moreFor decades, China’s presence in Africa has largely focused on economic, commercial and peacekeeping activities. Now, Beijing is building on that by establishing greater military links to protect its national assets on the continent and gain greater geopolitical influence. The People’s Liberation Army conducts regular joint training exercises across the region and, in certain countries […]
Read moreHong Kong topped global rankings in terms of initial public offering volumes in the first half of 2018 and highly anticipated technology listings that are in the works in the six months ahead are expected to give markets an additional boost. The Chinese territory recorded an estimated 98 IPOs in total in the first half […]
Read moreAsian stocks were poised to slip early on Wednesday despite slim gains seen on Wall Street as a jump in oil prices and trade-related headlines took center stage. Futures pointed to slightly lower opens for both Japan and Australia, with Nikkei futures traded in Chicago lower by 0.17 percent compared to the benchmark’s Tuesday close. […]
Read moreVeteran economist Stephen Roach on Tuesday slammed President Donald Trump for his trade actions against China and urged the administration to take a different approach. “I would focus on this issue of market access,” said Roach, former chairman of Morgan Stanley’s operations in Asia. “China, like it or not, is going to shift its model […]
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Packing up and moving overseas can be an appealing prospect. But it can be an expensive one, too — especially if you have your heart set on Asia. That’s according to research from consultancy Mercer, which found that Asian cities lead the way among the priciest destinations for employees living abroad. In its 2018 cost […]
Read moreApple CEO Tim Cook said Monday evening that the tech giant cared about privacy before it became a hot-button issue. “We felt strongly about privacy when no one cared,” Cook told an audience at Fortune’s CEO Initiative event in San Francisco, California. “We could not see the specific details, but we could see that the […]
Read moreAsian markets were set for losses in early Tuesday trade, tracking sharp declines seen stateside on the back of fresh developments in an escalating trade dispute between the U.S. and China. Futures pointed to lower opens for both Japan and Australia markets: Nikkei futures traded in Japan were down 0.57 percent compared to the index’s […]
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