A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
China's anti-graft watchdog punished 36,618 officials in the first half of 2018 for violating tough Communist Party frugality rules, including one "ministerial level" official, state news agency Xinhua reported.
Citing the Party's Central Commission for Discipline Inspection, Xinhua said late on Monday the most common misdemeanours among government officials were the awarding of unauthorised bonuses, the exchange of gifts, and the misuse of publicly owned vehicles.
China introduced "eight rules" in 2012 to improve the conduct of officials, which included bans on overspending.
President Xi Jinping has overseen a sweeping campaign to root out corruption since coming to power more than six years ago, jailing dozens of senior officials.
He warned earlier this month that the fight against graft is not yet over, with the Communist Party still riddled with "impure thinking, impure politics, impure organisation and impure work styles."