North Korea denounced on Wednesday U.S. President Donald Trump’s decision to relist it as a state sponsor of terrorism, calling it a “serious provocation and violent infringement,” North Korean state media reported. Trump put North Korea back on a list of state sponsors of terrorism on Monday, a designation that allows the United States to […]

Equity markets around the world have rallied for most of 2017, giving rise to concerns that stocks are becoming expensive. But the world’s largest asset manager, BlackRock, said it is not too late to join the party. Stock prices in Asia, in particular, still have room to run going into the next year, even though […]

China has been pumping a lot of cash into its system to lift market sentiment, as the world’s second-largest economy walks a thin line between curbing debt and keeping everything running smoothly. Last week, the People’s Bank of China injected cash totaling 810 billion Chinese yuan ($122.4 billion) in five straight days of daily liquidity […]

The former head of China’s powerful internet regulator is under investigation for suspected corruption, the ruling Communist Party said on Tuesday, the latest senior official to be caught up in a sweeping campaign against graft. In a brief statement, the party’s corruption-busting Central Commission for Discipline Inspection said that Lu Wei was suspected of serious […]

Asia markets were set to open higher on Wednesday, taking overnight cues from Wall Street where stocks rose to record highs after a rally in tech names lifted the broader market. Australia’s SPI futures traded at 5,995, which was higher than the ASX 200’s last close at 5,963.52. Nikkei futures in Chicago traded at 22,665 […]

Chinese authorities have said they will head off the risk of a property market crash by stiffening regulation and preventing high land prices. Regulators from land and housing ministries, as well as the Peoples Bank of China (PBOC), have agreed plans to curb speculation in bricks and mortar, Reuters reported, citing comments on Chinese state […]

President Donald Trump’s move to re-list North Korea as a state sponsor of terrorism could undermine diplomatic efforts to halt the rogue state’s nuclear aggression. Pyongyang was previously on the list of terrorist states but it was removed in 2008 as China, Japan, Russia, South Korea and the U.S. held talks with the isolated country […]

The U.S. department of Treasury introduced new sanctions Tuesday to curb North Korea’s nuclear and ballistic missile programs. The news follows President Donald Trump‘s Monday announcement, designatingNorth Korea a state sponsor of terrorism. The designation “should have happened a long time ago,” the president said at the start of a Cabinet meeting Monday. The move […]

After receiving a surprise rating upgrade from Moody’s last Friday, India now has to watch its fiscal health if the country wants similar nods from the other two major agencies, analysts said. The Moody’s upgrade, the first since January 2004, lifted India up a notch to the second-lowest level of investment grade. Standard & Poor’s […]

SoftBank’s multi-billion dollar investment in Uber opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving […]