Philippine President Rodrigo Duterte, who is facing international criticism for his bloody war on drugs, said his country was willing to host a “world summit” to tackle how nations can protect human rights. The firebrand leader, who spoke in a news conference late on Thursday while in Vietnam for the Asia-Pacific Economic Cooperation meeting, said […]

China’s finance ministry said on Friday that it will expand corporate tax rate cuts for high tech services firms nationwide, adding that the tax rate would be reduced to 15 percent, effective January 1, 2017. China rolled out its trial tax cut program for high tech services firms in 21 major cities in 2014, in […]

Beijing has a new ship capable of creating artificial islands — potentially the largest of its kind in Asia — raising fears it could be deployed in the tension-laden South China Sea. The world’s second-largest economy is testing a new deep sea dredger, an excavation vessel used for land reclamation, state-run media recently reported. The […]

The Commerce Department has revealed the list of the 37 major deals signed between U.S. and Chinese companies around President Donald Trump‘s trip through Asia. The dollar value of those deals is in excess of $250 billion. Catepillar, Boeing, and Goldman Sachs are just some of the notable names on the list of companies that […]

Asia markets on Friday are expected to focus on the overnight slide on Wall Street and the softer dollar after Senate Republicans unveiled their tax reform plan. Senate Republicans released their tax plan, which contained several differences from a bill introduced by the House, on Thursday. While the bill also called for the corporate tax […]

President Donald Trump can return to the United States claiming to have snagged over $250 billion in deals from his maiden trip to Beijing. Whether those deals live up to the lofty price tag is another question altogether. Watched by Trump and China’s President Xi Jinping at a signing ceremony in Beijing, U.S. planemaker Boeing, […]

We have a shot at 12 initial public offerings this week, the busiest week of the year so far. One trend stands out: The Chinese are coming. And coming. There are three Chinese IPOs this week. Three? “It’s a case of following the money,” John Fitzgibbon, founder of research firm IPO Scoop, said. “Earlier Chinese […]

Goldman Sachs Chairman and CEO Lloyd Blankfein told CNBC on Thursday that his firm’s agreement to establish a $5 billion investment vehicle with China’s sovereign wealth fund is aimed at putting money into “U.S. companies that could be helped by better access to China.” The China Investment Corporation (CIC) and Goldman have pledged to split […]

China’s growing middle class and a young, travel-loving population present a massive growth opportunity for Airbnb, one of the company’s co-founders told CNBC on Thursday. Speaking at the sidelines of an Asia-Pacific Economic Cooperation summit in Vietnam, Nathan Blecharczyk said the start-up is doing very well in the world’s second-largest economy. “China has been the […]

Things aren’t so bad for the Chinese banks right now: The frequently maligned companies have seen their shares soaring and their businesses improving. But things may actually get even better. That is, several financial metrics are now pointing to the prospects of higher banking profits following a nationwide clampdown on swelling debt — and investors […]