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
China's Foreign Ministry on Thursday said India has been building up troops and repairing roads along its side of the border amid an increasingly tense stand-off in a remote frontier region beside the Himalayan kingdom of Bhutan.
The stand-off on a plateau next to the mountainous Indian state of Sikkim, which borders China, has ratcheted up tension between the neighbours, who share a 3,500-km (2,175-mile) frontier, large parts of which are disputed.
"It has already been more than a month since the incident, and India is still not only illegally remaining on Chinese territory, it is also repairing roads in the rear, stocking up supplies, massing a large number of armed personnel," the foreign ministry said in a statement.
"This is certainly not for peace."
Early in June, according to the Chinese interpretation of events, Indian guards crossed into China's Donglang region and obstructed work on a road on the plateau.
The two sides' troops then confronted each other close to a valley controlled by China that separates India from its close ally, Bhutan, and gives China access to the so-called Chicken's Neck, a thin strip of land connecting India and its remote northeastern regions.
India has said it warned China that construction of the road near their common border would have serious security implications.
In a separate statement, China's Defence Ministry said China had shown goodwill and that its forces had exercised utmost restraint, but warned "restraint has a bottom line" and that India must dispel any illusions.
"No country should underestimate the Chinese military's confidence in and ability to fulfil its mission of safeguarding peace, and should not underestimate the Chinese military's determination and will to defend the country's sovereignty, security and development interests," it said.
Despite China's numerous diplomatic representations, its foreign ministry said, India has not only not withdrawn its troops but has also been making "unreasonable demands" and is not sincere about a resolution.
"If India really cherishes peace, it ought to immediately withdraw its personnel who have illegally crossed the border into the Indian side."
Indian Prime Minister Narendra Modi is to visit China early in September for a summit of BRICS leaders.
Indian officials say about 300 soldiers from either side are facing each other about 150 meters (yards) apart on the plateau.
They have told Reuters that both sides' diplomats have quietly engaged to try to keep the stand-off from escalating, and that India's ambassador to Beijing is leading the effort to find a way for both sides to back down without loss of face.
Chinese state media have warned India of a fate worse than the defeat it suffered in a brief border war in 1962. China's military has held live fire drills close to the disputed area, they said last month.