U.S. stocks closed narrowly mixed ahead of Asia’s Tuesday trading day, with chipmakers trading lower following Samsung Electronic’s Monday declines. With little data due during the session, markets could turn their attention to events later this week. Tax reform was in focus stateside, with the U.S. Senate expected to vote on a bill on Thursday. […]
Read moreCloser ties between two of the world’s most acute political powder kegs — North Korea and Syria — are fanning fears of deeper cooperation on missile technology and chemical weapons. The longstanding bilateral relationship, which stretches back to the late 1960s, has prospered this year even as both countries face international sanctions. Syrian minister of […]
Read moreBALI, Indonesia — Following massive plumes of smoke and volcanic eruptions over the weekend, Indonesian authorities raised their alert for the Mount Agung volcano here to the highest level possible on Monday. Indonesia’s National Board for Disaster Management said that the “potential for a larger eruption is imminent.” Authorities closed Bali Ngurah Rai International Airport, […]
Read moreFor years China’s top officials have touted their ambitious policy priority to wean the world’s second-largest economy off high levels of debt, but there is not much to show for it. On the contrary, a Reuters analysis shows the debt pile at Chinese firms has been climbing in that time, with levels at the end […]
Read moreAsian indexes were mixed on Monday, with Japanese and Australian markets notching slight gains in early trade. Ahead, investors in the region will await the release of industrial profits from China. Japan’s Nikkei 225 rose 0.31 percent in early trade as the dollar inched slightly higher against the yen. Major automakers and tech names made […]
Read moreThe CEO of one of the world’s largest sovereign wealth funds has told CNBC that he sees continued growth for the Chinese economy. Mubadala, an Abu Dhabi-based fund, has invested in the country by partnering with tChina Development Bank Capital and China’s State Administration of Foreign Exchange to establish UAE-China Joint Investment Fund. Mubadala CEO […]
Read moreA state-owned Nepali power company will develop the Himalayan country’s biggest hydroelectric plant after the government scrapped a deal with a Chinese company, a government official said on Sunday. Nepal’s cabinet scrapped a $2.5 billion (£1.9 billion) deal with China Gezhouba Group Corp to build the Budhi Gangaki hydroelectric plant this month citing lapses in […]
Read moreSpace-strapped cities like New York and San Francisco may think they have it rough, but the booming Hong Kong may have an even more immediate problem. The population surge is making real estate developers consider becoming cave-builders. The Hong Kong government has begun searching for a long-term solution, one that may include building underground for […]
Read moreNorth Korea has reportedly replaced guards and fortified a section of its border with South Korea where a North Korean soldier staged a daring defection last week, while South Korean and U.S. soldiers have been decorated for their role in his rescue. The North Korean defector was shot and wounded by his fellow soldiers as […]
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China is growing its ties with Kazakhstan as the “Belt and Road” program gets underway. A prime example is the nearly seven-year-old railway container center in China’s ancient capital city of Xi’an that links the world’s second-largest economy to the Central Asia country. Kazakhstan is the so-called inland port’s biggest market, followed by Amsterdam, said […]
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