Large military drills being carried out by the United States and South Korea and U.S. threats of a preemptive war against Pyongyang have made the outbreak of war on the Korean Peninsula “an established fact”, North Korea‘s foreign ministry said. A spokesman for the North’s foreign ministry also blamed “confrontational warmongering” remarks by U.S. officials […]

China has an ambitious plan to become a global leader in innovation and technology, and that could potentially bode very well for German multinational company Merck KGaA. The company is one of the leading names in science and technology and does business across three sectors: health care, life science and performance materials. The latter two […]

China’s growth rate will be “much, much lower” when Beijing gets a grip on controlling debt, a finance professor at one of China’s top university said Thursday. “I have absolutely no doubt that once Beijing is able get control of the growth in credit — which they are a long way from doing — growth […]

China’s economy may be set for a gradual slowdown, but the world’s largest cosmetics company isn’t worried about business in the country being negatively affected. Instead, L’Oreal is pinning its hopes on the growing affluence of China’s middle class. “The growth potential [is] I believe unlimited in China because of this rise of [the] middle […]

Asian markets were mixed on Thursday, as the Hang Seng Index and Nikkei 225 recouped some losses after falling around 2 percent on Wednesday. Stateside, major indexes closed narrowly mixed as investors awaited tax reform developments. Japan’s Nikkei 225 bounced 1.27 percent after falling nearly 2 percent in the previous session. Gains were seen across […]

An almost two-year long study of the Chinese financial system by the International Monetary Fund found three major tensions that could derail the world’s second-largest economy. Those tensions emerged as China moves away from its role as the world’s factory to a more modern, consumer-driven economy, the IMF said. The financial sector is critical in […]

Property price gains in China are likely to slow due to official efforts to rein in the market, a top real estate executive said Thursday. “For years, the Chinese government has had the effort to control the speed of the fast-rising property price, so there’s always been policies coming out to control the market, but […]

Singapore Airlines, one of the world’s top ranked carriers, has taken measures to reroute some flights in response to North Korea’s missile tests, Channel NewsAsia reported. The change involves the airline’s Seoul-Los Angeles flights and was put in place following Pyongyang’s July 27 missile launch into the Sea of Japan, the company reportedly told Channel […]

Many of India’s top tech start-ups are establishing a lobbying group to push for governmental regulations to put an end to global companies’ continued success in the country. The group, called Indiatech, will begin its operations early next year. Chief among its agenda is to coax the government in New Delhi into passing regulations to […]

Next year is looking strong for China Southern Airlines, the company’s president told CNBC on Wednesday. Speaking on the sidelines of the Fortune Global forum in Guangzhou, China, Tan Wan Geng, the president of China Southern Airlines, looked ahead to the coming year. “The common view is our industry is entering a profitable cycle, so […]