Markets in Japan and China were poised to eke out gains on Christmas Day, with light trading expected on the heels of another record week for Wall Street. Exchanges in much of the world will remain closed on Monday, including Australia, South Korea, Hong Kong and Singapore. U.S. stocks racked up more weekly gains, though […]

Stock markets in Asia are poised to open flat on Tuesday in what’s likely to be light, holiday-week trading. Nikkei futures traded in Chicago pointed to a flat opening, while those traded in Osaka indicating a very small decline at the open. The benchmark Nikkei 225 had closed at a 26-year high in the last […]

China’s domestically developed AG600, the world’s largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South China Sea, the latest step in a military modernization program. China has stepped up research on advanced military equipment as it adopts a more muscular approach to territorial disputes in places […]

The latest U.N. sanctions against North Korea are an act of war and tantamount to a complete economic blockade against it, North Korea’s foreign ministry said on Sunday, threatening to punish those who supported the measure. The U.N. Security Council unanimously imposed new sanctions on North Korea on Friday for its recent intercontinental ballistic missile […]

A tropical storm in the Philippines triggered mudslides and flooding that killed nearly 90 people, while dozens are missing, police and disaster officials said on Saturday. The casualties, most of them inflicted late on Friday, were all on the main southern island of Mindanao, they said. “We’re are still trying to confirm reports of a […]

Regulators in Asia Pacific have become increasingly uneasy with the rise of cryptocurrencies such as bitcoin. The latest to sound a warning was the Bank of Japan Governor Haruhiko Kuroda, who called the surge in bitcoin prices “abnormal” at a media conference on Thursday. His comments echoed warnings made by his counterparts in major economies […]

China’s continents-spanning Belt and Road network threatens to “shackle” partner countries and deprive them of valuable natural assets, according to one critic. Beijing is financing and executing massive infrastructure projects across the 68 nations participating in the ambitious scheme, which snakes along Europe, the Middle East and Asia. These recipient countries, many of them emerging […]

Wall Street climbed on Thursday ahead of Asia’s Friday trading day as markets weighed the benefits U.S. companies would gain as a result of lower corporate taxes. Several major U.S. corporations revealed details on how they would spend savings that a recently passed tax bill would bring about. Among those spending measures were wage increases […]

Mining company Crystallex International said on Thursday Venezuela failed to honor a settlement and urged a federal judge to allow it to seize control of U.S. refiner Citgo Petroleum, which is owned by the country’s state oil company. Canada-based Crystallex won a 2016 international arbitration award of $1.2 billion against Venezuela, which has refused to […]

A Philippine ferry with 251 people on board capsized during bad weather on Thursday off an island near the capital, Manila, a coastguard spokesman said, and media reported four people had been killed and 140 rescued. Coastguard boats and army helicopters headed to the vicinity of Polillo island, trying to take advantage of daylight, coastguard […]