China and Russia will hold "routine" naval exercises in the South China Sea in September, China's Defense Ministry said on Thursday. » Read More
With the Brexit causing a U.K. investment slowdown, some start-ups are looking to Asia for their next funding round.
July 21- Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. "Given how fragile the global economy is nearly eight years after the start of the global financial crisis,...
DHAKA/ NEW YORK, July 21- Jupiter. That single word, by a stroke of luck, helped stop the Federal Reserve Bank of New York from paying nearly $1 billion to the cyber-criminals behind a notorious bank heist earlier this year, according to sources familiar with the incident. They were incorrectly formatted at first; they were mainly to individuals; and they were very...
DHAKA/ NEW YORK, July 21- When the Federal Reserve Bank of New York cleared five transactions made by the Bangladesh Bank hackers, the money went in two directions. On Thursday, Feb. 4, the Fed's system sent $20 million to Sri Lanka and $81 million to the Philippines. That prompted Deutsche Bank, an intermediary in the transaction, and a Sri Lankan bank to contact...
Up to eight Chinese ships will offer cruises to the South China Sea over the next five years, as Beijing promotes tourism to the disputed waters.
BEIJING— To the challenges facing KFC and Apple in China, add a surprise backlash from Beijing's spat with the Philippines over the South China Sea. Nationalists are protesting at KFC outlets and calling for a boycott, spurred by government accusations that Washington encouraged Manila to oppose Beijing's claims to vast tracts of ocean.
BEIJING— In an apparent attempt to head off large-scale street demonstrations, Chinese state newspapers have criticized scattered protests against KFC restaurants and other U.S. targets sparked by an international tribunal's ruling that denied Beijing's claim to virtually the entire South China Sea. Meanwhile, in Taiwan— one of six sides with territorial...
A Chinese admiral has warned that freedom of navigation patrols carried out by foreign navies in the South China Sea could end "in disaster."
*Forecasts unchanged for China, India, Southeast Asia. MANILA, July 18- The Asian Development Bank lowered its 2016 growth forecast for developing Asia on Monday, citing the slowing U.S. economy and near-term shocks from Britain's decision to leave the European Union. Developing Asia, which groups 45 countries in the Asia Pacific region, is now expected to expand...
MANILA, Philippines— The Asian Development Bank said Monday it had cut its 2016 growth projection for developing economies in Asia and the Pacific to 5.6 percent, down from its earlier forecast of 5.7 percent, but added that the economies' performance will remain solid and help offset softness from the U.S. economy and near-term market shocks from Britain's...
The U.S. is persuading Asian nations not to move aggressively after a court ruling denied China's claims to the South China Sea.
The world will now be watching with bated breath as to what President Xi Jinping’s course of action will be.
The Philippines is content with a modest acknowledgment of its victory in an international court against China. This is probably a wise move.
China pulled out the rhetorical big guns after The Hague's decision it did not have rights to the South China Sea.
Following The Hague's ruling, heightened tensions could endanger Beijing's ties with Southeast Asia and hurt President Xi's international credibility.
It is questionable whether China gave up its historical claims by ratifying the UN Conventions on the Law of the Sea, says APIIL's Daniel Fung.
Whether China adheres to The Hague's ruling will be a defining moment in its relationship with the great powers, says The Pain Report's Jonathan Pain.
With global fixed income yields low, Asia and emerging market bonds and credit offer attractive returns, a portfolio manager at Fidelity told CNBC.
China doesn't seem to be willing to compromise with the Philippine over rights in the South China Sea, the World Policy Institute's James Nolt says.
China believes that it has the right to conduct activities on the reefs, but it has not said it would continue, says Fudan University's Shen Dingli.