Asia Economy

China’s Communist Party removes ex-foreign, defence ministers from top body

China’s Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on…

U.S.-China tensions are not a ‘new Cold War,’ veteran Singapore diplomat Bilahari Kausikan says

While some may characterize tensions between the U.S. and China as a “new Cold War,” Bilahari Kausikan, Singapore’s former permanent…

Japan is worried about another ‘transactional’ Trump presidency, Tokyo-based expert says

There is a lot of uncertainty in Japan about the next few years as a “transactional” Donald Trump’s possible return…

China’s inflation numbers miss expectations, rising 0.2% in June

BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices…

Financial crimes watchdog removes Turkey from money laundering ‘gray list’

The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on Friday…

Cisco is ‘very optimistic’ about its expanding business with China EVs

DALIAN, China — Cisco is “very optimistic” about its growing business with Chinese electric car companies as they expand overseas,…

Bank of Japan set to reduce JGB purchases, stands pat on interest rate

The Bank of Japan kept its benchmark interest rate unchanged on Friday, but indicated it’s considering the reduction of its…

U.S. economic engagement in Indo-Pacific ‘isn’t about China,’ Commerce Secretary Raimondo says

America’s economic engagement in Indo-Pacific “isn’t about China” but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo…

The best banks in the Asia-Pacific region, according to customers

SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing…

India’s Narendra Modi declares victory despite weaker mandate

Indian Prime Minister Narendra Modi declared victory in the country’s election late on Tuesday, despite a disappointing election that saw…