Asian stocks looked set to decline on Friday, tracking losses seen on Wall Street amid investor concerns about the trade dispute between the U.S. and China. Futures pointed to a lower open for Japan and Australia. Nikkei futures traded in Chicago fell 1.23 percent compared to the index’s previous close and Australian SPI futures were […]

China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.” Previous trade negotiations with the United States were constructive, but because the U.S. government is being unpredictable and […]

Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm, for its Hong Kong initial public offering of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) […]

Whatever the potential outcome, President Donald Trump’s summit with North Korean leader Kim Jong Un in Singapore last week was historic, marking the first-ever meeting between a sitting U.S. president and a head of state of the rogue Asian nation. And while the perspectives of South Koreans, the Chinese, the Japanese and even the Russians […]

China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks.” Previous trade negotiations with the United States had been constructive, but because the U.S. government is being unpredictable […]

Chinese smartphone maker Xiaomi has lined up $548 million from seven cornerstone investors including U.S. chipmaker Qualcomm for its Hong Kong IPO of up to $6.1 billion, according to a term sheet seen by Reuters. Xiaomi, which also makes internet-connected devices, has set a price range of HK$17 to HK$22 ($2.17 to $2.80) each for […]

North Korean leader Kim Jong Un and Chinese President Xi Jinping discussed measures to bolster “strategic and tactical” cooperation between the two countries in a second meeting on Wednesday, the North’s state media said on Thursday. The meeting between Kim and Xi came on the North Korean leader’s second and last day of his latest […]

Asian stocks were set for a muted open on Thursday as global markets calmed after an elevation in trade tensions between the U.S. and China triggered a sell-off earlier in the week. Nikkei futures traded in Chicago were lower by 0.18 percent compared to the benchmark’s last close. Australian SPI futures, meanwhile, were up 0.16 […]

While petroleum-producing countries are being buoyed by higher global oil prices, the big consumers are taking a hit — especially India, whose energy appetite is growing, its oil minister said at the Vienna OPEC summit Wednesday. “We are a primary consumer country, our import is very huge… our appetite is growing, and in future we […]

Asian economies such as Taiwan, South Korea and Southeast Asia could be badly hit if trade tensions between the U.S. and China heat up further, experts have warned. Those economies are among the largest exporters of “intermediate goods” to China, which then assembles those pieces into finished products to ship to final destinations such as […]