Asia-Pacific News

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Worries about Saudi Arabia are thumping shares of one of Japan's biggest tech companies

Japanese conglomerate SoftBank has close ties to Saudi Arabia's government, with a significant amount of its investment capital coming from the company.

Posted on 14 October 2018 | 10:29 pm


Asia stocks fall; Shanghai composite hits new low since Nov 2014

Major stock indexes across Asia fell on Monday afternoon, following a sell-off last week.

Posted on 14 October 2018 | 7:57 pm


China finds Trump's team 'very confusing' to diplomats, ambassador to US says

Diplomats are confused about which Trump administration officials are driving policy decisions, said China's ambassador to the United States Cui Tiankai.

Posted on 14 October 2018 | 11:40 am


China's central bank still has plenty of tools to counter detrimental trade war effect: Governor

"We still have plenty of monetary instruments in terms of interest rate policy, in terms of required reserve ratio. We have plenty of room for adjustment, in case we need it," said Yi Gang, the governor of the People's Bank of China.

Posted on 14 October 2018 | 5:07 am


IMF's Christine Lagarde says she's still attending Saudi event despite 'horrifying things' reported

"I have to conduct the business of IMF in all corners of the world, and with many governments," said Christine Lagarde, managing director of the International Monetary Fund. "When I visit a country, I always speak my mind."

Posted on 13 October 2018 | 2:04 am


Chinese firms are spending less on overseas deals, but they've become more strategic

Chinese companies are getting more sophisticated and strategic when it comes to pursuing overseas acquisitions, according to a report by management consultant Bain and Company.

Posted on 12 October 2018 | 2:58 am


Trade war could cut China's growth by nearly 2 percentage points over two years: IMF

Much of the trade impact on China's growth is expected to be offset by the government's policies to stimulate the economy, noted Changyong Rhee, director of the Asia and Pacific Department at the International Monetary Fund.

Posted on 12 October 2018 | 1:26 am


Turkey reportedly claims to have audio, video proof showing Saudi journalist Khashoggi was killed

Turkey has informed the United States that Ankara possesses audio and video evidence showing that missing Saudi journalist Jamal Khashoggi was killed inside the Saudi Arabian consulate in Istanbul, the Washington Post reported Thursday.

Posted on 11 October 2018 | 10:33 pm


Asia markets broadly recover following extended rout on Wall Street

Asia markets saw a general recovery on Friday after spending much of the trading day in mixed territory, on the back of a continued stock market rout on Wall Street overnight.

Posted on 11 October 2018 | 7:59 pm


Global growth is 'probably not enough' to withstand a trade war, IMF's Christine Lagarde warns

The global economy has hit a plateau and may not be strong enough to withstand rising trade tensions, IMF Managing Director Christine Lagarde said Thursday.

Posted on 11 October 2018 | 5:41 am


'We should not overreact to market movements,' says Standard Chartered chairman

Standard Chartered Chairman José Viñals urged investors to "de-dramatize the situation" amid a stock market rout in Asia.

Posted on 11 October 2018 | 1:13 am


Navigating fintech's rise: IMF, World Bank launch guide for policymakers

The paper, called the Bali Fintech Agenda, outlines 12 considerations that policymakers can keep in mind when designing policies and regulations that can maximize the benefits of financial technology while keeping financial systems sound.

Posted on 11 October 2018 | 12:30 am


Asia stocks crumble: Shanghai topples more than 5%, Nikkei declines nearly 4%

Stocks in Asia saw a sell-off on Thursday following a rout on Wall Street overnight.

Posted on 10 October 2018 | 7:41 pm


South Africa is now 'less vulnerable,' says central bank head

The nation "is in a much better position" to absorb shocks from global monetary policy tightening," Lesetja Kganyago, governor of the South African Reserve Bank, told CNBC.

Posted on 9 October 2018 | 11:03 pm


Seoul is relying on big companies to invest in North Korea, so promised reforms take a backseat

South Korean President Moon Jae-in appears not to be prioritizing corporate reforms as he relies on domestic conglomerates to drive investment in North Korea, critics say.

Posted on 9 October 2018 | 8:10 pm


Asia stocks broadly gain as a poll forecasts yuan recovery

Asian markets were broadly higher on Wednesday. A Reuters poll forecast that the Chinese yuan could bounce back from its recent weakness.

Posted on 9 October 2018 | 7:53 pm


North Korea reportedly invites the Pope to Pyongyang

Kim Jong Un has invited Pope Francis to visit North Korea, according to reports. 

Posted on 9 October 2018 | 4:53 am


Journalist's expulsion may threaten Hong Kong's unique financial status

The decision by Hong Kong authorities to effectively expel a foreign journalist is casting a cloud over the city's unique role as a center for finance and trade.

Posted on 9 October 2018 | 4:28 am


China's smaller cities help drive 'Golden Week' tourism

Chinese tourist sites received 726 million visitors during the first week of October for the National Day holiday, according to the Ministry of Culture and Tourism.

Posted on 9 October 2018 | 3:16 am


Former US intelligence head: Trump needs to ask what Kim Jong Un ultimately wants

The U.S. administration must ask Pyongyang about its long-term objective, according to James Clapper, former U.S. intelligence chief from 2010 to 2017.

Posted on 8 October 2018 | 11:00 pm


British banks could benefit from US-China trade war: Barclays chairman

If China reduces market access for U.S. banks in light of trade tensions, that could benefit British lenders, according to Gerry Grimstone, chairman of Barclays Bank PLC.

Posted on 8 October 2018 | 9:07 pm


Chinese markets see partial recovery after Monday's sell off

Chinese shares sold off on Monday after the People's Bank of China cut the reserve requirement for banks over the weekend. 

Posted on 8 October 2018 | 7:45 pm


Cramer: China is more of a 'paper tiger' than people think, and that plays into Trump's hand on trade

The U.S. trade war has shown that China is not impervious to the measures being brought to bear by President Trump, CNBC's Jim Cramer says.

Posted on 8 October 2018 | 12:34 pm


China's markets tumble after the central bank moves to spur the economy

China's mainland markets saw significant declines on Monday following the central bank's move to cut the reserve ratio for lenders over the weekend.

Posted on 8 October 2018 | 2:40 am


China says it's not afraid of a trade war with the US — its actions show otherwise

The latest move by China's central bank to cut the amount of reserves held by banks is an indication that authorities in the world's second-largest economy are getting nervous about a long-drawn trade war with the U.S., experts said.

Posted on 8 October 2018 | 1:28 am


The yuan may be weak, but mainland Chinese are still flowing into Hong Kong and Macau

Analysts say the trend is likely to continue as a major infrastructure project integrates the two former European colonies with southern China.

Posted on 7 October 2018 | 9:42 pm


China markets fall more than 3.7 percent after central bank cuts reserve ratio for lenders

The People's Bank of China announced measures on Sunday to cut the amount of cash that banks have to hold as reserves.

Posted on 7 October 2018 | 7:49 pm


'Shocking and unprecedented': Hong Kong's move to expel journalist blurs lines with mainland

Hong Kong authorities have rejected a work visa renewal for a Financial Times editor without giving a reason for rejection. 

Posted on 5 October 2018 | 6:40 am


Tokyo Olympics cost for national government now reportedly estimated at 7 times budget

The mega-event would cost Japan's national government 801.1 billion yen ($7.03 billion), Japanese newspaper The Mainichi reported on Friday.

Posted on 5 October 2018 | 2:40 am


India buys Russian missile system, risking US sanctions

The deal is widely seen as Prime Minister Narendra Modi's response to China's rising influence in the Indian Ocean.

Posted on 5 October 2018 | 1:26 am