North Korea is the biggest threat to humankind right now and China and the U.S. can stop it, the U.S. ambassador to China told CNBC. “What’s happening with (North Korea’s) illegal and aggressive development of nuclear weapons and ballistic missiles … This is the biggest threat to humankind right now,” Ambassador Terry Branstad told CNBC […]

Ford believes China is poised to become the most favorable market for the development and sale of electric vehicles, according to the U.S. auto giant’s executive chairman. “I do think electric vehicles make sense. For a lot of reasons it’s a good way to go around the world and so I am a big believer […]

China’s push to clean up its environment may have had an unintended consequence: a shortage of heating fuel supply is hitting some regions in the dead of winter, sending prices of domestic liquefied natural gas (LNG) to a three-year high. To combat air pollution, Beijing this year implemented stringent measures restricting the use of coal […]

The Japanese government plans to cooperate with China on its Belt and Road initiative by financially supporting private-sector partnerships, as Tokyo seeks to improve bilateral ties with its Asian neighbour, the Nikkei reported on Wednesday. Cooperation will centre on the environmental sector, industrial modernization and logistics, according to guidelines compiled by the government, the Japanese […]

Australia’s economy expanded at the fastest annual pace in over a year last quarter thanks to a long-awaited jump in business investment, though marked weakness in household spending cast a cloud over the outlook for growth. Wednesday’s data from the Australian Bureau of Statistics showed gross domestic product (GDP) grew by 0.6 percent in the […]

Asia markets were set to begin Wednesday cautiously, following overnight declines in U.S. stocks. The S&P 500 posted its first three-day losing streak since August. Australian markets opened lower with the ASX 200 down 0.31 percent in early trade. Most sectors were lower, and the materials sector fell about 1.11 percent. Major mining names were […]

Australia’s central bank said Tuesday it is keeping the benchmark cash rate unchanged at 1.5 percent, a widely expected decision given policy makers have signaled a steady outlook for some time to come. The Reserve Bank of Australia has maintained the cash rate at that historic low level since August 2016. A Reuters poll of […]

Canadian Prime Minister Justin Trudeau is on tour in China to discuss trade, but experts say significant hurdles stand in the way of progress. Underlying the trip is the fact that Canada’s trade prospects took a hit following U.S. President Donald Trump’s threat in August to withdraw from the North American Free Trade Agreement. And […]

Asia markets were set for a cautious start Tuesday morning, following a mixed overnight session in the U.S. that nevertheless saw the Dow Jones industrial average notch a record closing high. Australia’s SPI futures traded at 5,966, which was a touch lower than the ASX 200’s last close at 5,985.58. The country’s central bank is […]

Veteran actor Shashi Kapoor, a Bollywood matinee idol who starred in over 100 films, died in Mumbai on Monday. He was 79 and had been battling a kidney ailment. Kapoor, a three-time winner at India’s National Film Awards, is survived by his three children. His wife, English actress Jennifer Kendal, died in 1984. He was […]