The South China Sea and Indian Ocean have been the principal theaters for Beijing’s naval ambitions in Asia. The Pacific Ocean and Mekong River, each rife with strategic advantages, could soon be next. For the world’s second-largest economy, maritime expansion is a major means of achieving superpower stature and cementing its military, political and economic […]

Experts say the Indian government’s latest plan may not be enough to fix its bad debt problems. Earlier this month, Piyush Goyal, India’s interim finance minister, revealed plans to set up an Asset Reconstruction Company or a “bad bank” aimed at absorbing the 9.5 trillion rupee bad debt in state-owned banks. Doing so would allow […]

Hong Kong’s housing market has shown little sign of cooling after years of consistent price increases. In response, the government is now considering a controversial measure. Property in the semi-autonomous region of China has long ranked among the world’s most expensive due to inadequate land supply, robust speculation, demand from mainland Chinese buyers and years […]

The United States will soon present a timeline to North Korea with “specific asks” of Pyongyang after a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, a senior U.S. defense official said. The official, who spoke to a small group of reporters ahead of a trip to Asia this […]

President Donald Trump plans to bar many Chinese companies from investing in U.S. tech and to block additional technology exports to China, The Wall Street Journal reported on Sunday evening, citing people familiar with the matter. The two measures are set to be announced by the end of the week, and are intended to counter […]

Asia markets are set to open a touch lower on Monday as investors attempt to shake off jitters about trade tensions between the United States and China. Australia’s SPI futures traded at 6,180, which was a touch lower than the ASX 200‘s previous finish at 6,225.2. Nikkei futures in Osaka traded at 22,490 while Chicago […]

North and South Korea have agreed to hold temporary reunions of families divided by the 1950-53 Korean War in August as they boost reconciliation efforts amid a diplomatic push to resolve the North Korean nuclear crisis. Seoul’s Unification Ministry said Friday the reunions will take place at North Korea’s Diamond Mountain resort from Aug. 20 […]

U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese state media said on Friday as Beijing kept up with its war of words with Washington over trade. U.S. President Donald Trump threatened on Monday to hit $200 billion of Chinese imports with 10 […]

Women in Saudi Arabia will be able to legally drive for the first time on Sunday — a historic move expected to spark more employment options for half of the country’s population. The milestone reform gives women independence and freedom of mobility, according to Enaam Gazi Al-Aswad, who is poised to become the first female […]

Foxconn, the world’s largest electronics contract manufacturer and a major supplier for Apple, said on Friday the biggest challenge the company is facing is the threat of a trade war between Washington and Beijing. Chairman Terry Gou was speaking at the company’s annual general meeting in Taipei as trade tensions stoke fears about the impact […]