South Korea said Friday that it was holding a Hong Kong-flagged ship and its crew members for allegedly violating U.N. sanctions by transferring oil to a North Korean vessel in October. The Lighthouse Winmore is believed to have transferred about 600 tons of refined petroleum products to the North Korean ship, the Sam Jong 2, […]
Read moreChina on Friday denied reports it has been illicitly selling oil products to North Korea, after U.S. President Donald Trump said he was not happy that China had allowed oil to reach the isolated nation. Trump said on Twitter the previous day that China had been “caught” allowing oil into North Korea and that would […]
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It took a social media post for the Philippine central bank to realize its mistake of circulating a bunch of defective, “faceless” banknotes. The 100-Philippine peso notes ($2) were missing the portrait of former president Manuel Roxas. Two words were also omitted from the country’s official name, according to a report by the AFP. The […]
Read moreChina says it’s on a mission to curb high levels of borrowing in its economy — and it even aims to cut money supply next year. But people who watch the country closely aren’t sure that will happen. Experts question whether the world’s second-biggest economy can kick its addiction to debt-fueled growth. While Beijing may […]
Read moreFutures pointed to a flat open in Asia on the last trading day of the year following the moderately higher close seen stateside on Thursday. Wall Street closed slightly higher in the second-to-last trading session of the year, with the Dow Jones industrial average closing at a record high. The index on Thursday remained on […]
Read morePresident Donald Trump said Thursday he is “very disappointed” following a report that China may have run afoul of international sanctions by providing oil to North Korea. In a tweet, Trump warned that “there will never be a friendly solution” to North Korea’s nuclear and missile programs “if this continues to happen!” Trump tweet A […]
Read moreVietnam’s VietJet Aviation said on Thursday it was standing by a controversial “bikini” calendar, a marketing ploy featuring scantily clad female models that has prompted criticism in conservative Southeast Asia and beyond. The annual calendar, which has gone viral online, is part of a broader marketing push by VietJet that has propelled the start-up airline’s […]
Read moreAamir Qureshi | AFP | Getty Images A Chinese worker sits near trucks carrying goods during the opening of a trade project in Gwadar Port, Pakistan, on November 13, 2016. Pakistan The China Pakistan Economic Corridor (CPEC) is a partnership between the two Asian neighbors comprising of approximately $60 billion worth of infrastructure developments. CPEC […]
Read moreSouth Korea’s decision to further regulate speculation in cryptocurrency trading is “quite positive,” according to BitSpread Founder and CEO Cedric Jeanson. “I think it’s normal,” said Jeanson, whose firm oversees more than $1 billion in trades per month. BitSpread makes bets based on price disparities between exchanges that deal in cryptocurrencies. Authorities in Seoul plan […]
Read moreNepal has long been a buffer state between India and China, but with a new communist government at the helm, the Himalayan nation may now lean more toward Beijing. Earlier this month, a coalition of two communist parties led by former prime ministers Pushpa Kamal Dahal and K.P. Sharma Oli emerged victorious in Nepal’s general […]
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