Home / Asia News

Asia News

Kudlow says China looks ‘terrible.’ Data show otherwise

China‘s economy is far from “collapsing” or looking “terrible,” contrary to White House economic advisor Larry Kudlow‘s characterization of the Asian country. “I’m not a China expert, although I’m boning up as fast as I can, I would just say right now their economy looks terrible,” Kudlow said Thursday in …

Read More »

Malaysia prime minister Mahathir Mohamad heads to Beijing

The Malaysian leader doesn’t want to take on too much Chinese debt and he’s also looking to diversify foreign direct investment, which is currently dominated by Beijing, Chin explained. The Muslim-majority nation was the fourth biggest recipient of Chinese overseas direct investment in 2017, according to the Economist Intelligence Unit. …

Read More »

US-China trade talks, Turkish lira, stocks in focus

The expected moves come after a Thursday rebound in U.S. markets, with a string of positive news ranging from strong corporate earnings to reports of a revival in U.S.-China trade talks all boosting investor sentiment. White House economic advisor Larry Kudlow confirmed to CNBC’s “Squawk Box” earlier reports saying China …

Read More »

Trump should target us in trade war with China

The United States-Hong Kong Policy Act of 1992 allows Hong Kong to be treated as a “non-sovereign entity distinct from China for the purposes of U.S. domestic law,” according to a State Department report to Congress in May, which noted the U.S. “recognizes Hong Kong as a separate customs territory.” …

Read More »

Turkey crisis, currencies and stocks in focus

Wall Street slipped in the last session, with investor sentiment wobbly as a financial crisis in Turkey played out. The Turkish lira, which slipped 20 percent on Friday, extended its losses to touch a new record low in the Monday session. At 6:55 a.m. HK/SIN, the currency traded at 6.9260, …

Read More »

Pakistan looks to IMF or China for bailout

AAMIR QURESHI/AFP/Getty Images   A poster of Pakistan’s Prime Minister Imran Khan, a former cricketer known for his charisma and international name recognition.  Pakistan is on the brink of economic disaster, experts say. Foreign exchange reserves are at four-year lows, pressuring the local rupee and triggering worries that Islamabad may soon …

Read More »

China’s tariffs on US LNG shift markets

“A 25 percent import tariff, amid a backdrop of strong government rhetoric against U.S. energy imports, is likely to see U.S. LNG priced out of the lucrative Chinese gas market,” said analysts at Fitch Solutions Macro Research. Brennan echoed that sentiment, writing in his note that “geopolitical dynamics will undermine …

Read More »