Asia Economy

Raimondo meets Chinese officials in ‘tricky’ visit as countries seek a more stable relationship

U.S. Secretary of Commerce Gina Raimondo is set to meet with senior Chinese officials and U.S. business leaders in Beijing…

Singapore’s OCBC bank suffers brief outage, shares gain 1%

SINGAPORE — Southeast Asia’s fourth largest bank OCBC suffered a short outage on Monday that affected its digital and card…

China’s deflation could spill over into a global concern, economists say

China’s economic challenges have given rise to deflationary pressures that present a global concern and are likely to accelerate in…

China’s property troubles aren’t getting better, intensifying calls for bolder policy help

China’s real estate troubles are accelerating. Prospective home buyers are holding back on making purchases, leading to weak sales that…

China’s economic model is ‘washed up on the beach,’ says veteran investor David Roche

China’s economic model is “washed up on the beach” and “not going to take off again,” which will have a…

White House to detail plans restricting some U.S. investments in China: source

The White House on Wednesday will detail its plans to prohibit some U.S. investments in sensitive technology in China, and require…

China’s consumer prices fall for the first time in 2 years, as fears of deflation grow

BEIJING — China reported inflation data for July that pointed to a modest improvement from June. The consumer price index…

China’s the top importer of Ukrainian grain, and could save the Black Sea deal

WASHINGTON — The United States and its Western allies are looking to China to help resolve the calamitous domino effect of Russia’s…

HSBC net profit more than doubles in the first half, announces $2 billion share buyback

HSBC’s net profit more than doubled to $18.1 billion in the six months ended June, a sharp spike compared to…

Why substituting cryptocurrency for gold exposure may be a costly mistake

Viewing cryptocurrency as “digital gold” may be a mistake. State Street Global Advisors’ George Milling-Stanley, whose firm runs the world’s…