Asia Economy

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…

U.S.-China relations are going downhill with ‘no trust’ on either side, Stephen Roach says

Relations between the U.S. and China are on a “dangerous” path with “no trust” on either side, political observers told…

Private equity deals in Asia plunged 44% in 2022. More uncertainty may be ahead

Asia-Pacific’s private equity market plummeted last year — as investors’ appetite for risk fell in the face of inflation and…

Asia’s regulators say banking system is robust and stable after UBS-Credit Suisse takeover deal

Regulators in Asia issued reassuring statements Monday that their banking systems remained robust and stable after Swiss banking giant UBS…