Asia Economy

China says it respects ex-Soviet nations after envoy’s ‘unacceptable’ comments on sovereignty

China said Monday it respects the independence of former Soviet nations after remarks by its ambassador in France were deemed…

A recession is coming — and stock markets won’t come through it unscathed, strategist says

The latest U.S. economic data suggests a recession is coming, according to the chief executive of financial advisory firm Longview…

No shield for Trump in rape accuser’s case as court declines to rule

A Washington, D.C., appeals court on Thursday declined to shield Donald Trump from the first of two civil defamation lawsuits by E. Jean Carroll, a writer…

Warren Buffett explains why he bought 5 Japanese trading houses: I was ‘confounded’ by the opportunity

Warren Buffett said he was “confounded” by the opportunity to buy into five Japanese trading houses two years ago. “I…

Japanese trading houses rise as Warren Buffett raises stakes and says he may buy more

Shares of Japanese trading houses rose on Tuesday after Warren Buffett, chairman and CEO of Berkshire Hathaway, raised his stakes in…

Commerce officials heading to China to lay groundwork for possible Raimondo trip later this year, sources say

Senior officials from the Department of Commerce will be traveling to Beijing and Shanghai next week as part of an…

IMF says U.S-China tensions could cost the world about 2% of its output

The International Monetary Fund said in a Wednesday report that global tensions could disrupt overseas investment and eventually lead to…

China’s banking troubles are not the same as Silicon Valley Bank, economist says

BO’AO, China — China’s small banks have problems — but they don’t carry the same risks as those exposed by…

U.S.-China tech rivalry will continue to put Chinese firms under intense scrutiny

Chinese companies will continue to face intense scrutiny as U.S.-China tensions and competition won’t be easing anytime soon, one analyst…