Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
There's more pain ahead for the U.S. and China amid their bilateral trade dispute, according to one expert.China Politicsread more
Alphabet Inc's Google said Tuesday that keeping phones up to date and secure was in "everyone's best interests," shortly after the U.S. temporarily eased some trade...Technologyread more
You know there's an underlying problem when investment firms start to cut exposure to a particular asset class.Commentaryread more
Stocks in Asia were mostly higher on Tuesday as a temporary reprieve in U.S.-China trade tensions provided a breather.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Huya, a Chinese live streaming platform focused on gaming, is looking to expand into the U.S. in the next couple of years, CEO Rongjie Dong told CNBC. The U.S. is expected to...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
North Korea has threatened to launch an "all-out offensive" and "indiscriminate nuclear strike" against the U.S. and South Korea in retaliation for the countries' joint military exercises in the face of an increasingly aggressive North Korean regime.
In a statement released to North Korean news agency KCNA, the country's powerful National Defense Commission vowed to launch a "pre-emptive nuclear strike of justice" against what it called the "U.S. imperialist aggressor forces bases in the Asia-Pacific region and the U.S. mainland."
"If we push the buttons to annihilate the enemies even right now, all bases of provocations will be reduced to seas in flames and ashes in a moment," the statement, which was full of anti-Western rhetoric typical of North Korea, said.
"The indiscriminate nuclear strike to be made by the DPRK will clearly show those keen on aggression and war the military mettle of Juche Korea," it said. "Juche Korea" is the official ideology of North Korea which relates to self-reliance.
It also said it had a military operation plan to "liberate South Korea" and "strike the U.S. mainland."
The statement comes after 15,000 American Marines arrived in South Korea last week for military drills with South Korean troops designed to test their ability to respond to any potential attacks from the North.
South Korean news agency Yonhap said the drills, called the Key Resolve and Foal Eagle exercises, which begin Monday, involve more than 300,000 South Korean troops and include the use of the U.S. Navy's nuclear-powered aircraft carrier USS John C. Stennis, as well as U.S. military aircraft.
North Korea sees the exercises, which are carried out annually, as a precursor to invading its territory and said the "the army and people of the DPRK will launch an all-out offensive to decisively counter the U.S. and its followers' hysteric nuclear war moves to plunge the space of the DPRK's existence into a nuclear disaster, not content with wantonly encroaching upon the sovereignty and security of the dignified DPRK."
It's not the first time that North Korea has issued such threats but the latest statement comes at a time of particularly fraught tensions between North Korea and the rest of the world.
In January, the regime said it had successfully tested its first hydrogen bomb, flouting a worldwide ban on nuclear testing. That led to international condemnation, even from China which has been a stalwart ally of North Korea. Its opposition to the testing showed that even it could be tiring of North Korea's provocations.
Responding to the latest threat, Moon Sang-gyun , a spokesman for South Korea's Defense Ministry said that "North Korea must stop its rash and reckless behavior."
"We will respond resolutely and mercilessly if the North ignores our warning and attempts a provocation," he added.
Follow CNBC International on and Facebook.