A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks between the world's two-largest economies.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Indian Prime Minister Modi is on course to return to power for a second term after his party reportedly won big at the parliamentary elections.Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
The interaction, witnessed by a senior administration official, followed President Donald Trump's abrupt exit out of a meeting with Democratic congressional leaders.Politicsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
Major Asia Pacific markets made gains by market close on Tuesday following overnight advances on Wall Street, as concerns over a possible global economic slowdown eased.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.14 percent, as of 3:23 p.m. HK/SIN
The Shanghai composite was up 0.2 percent to close at 3,176.82, while the Shenzhen composite rose 0.11 percent to finish at 1,757.60. Hong Kong's Hang Seng index bounced back slightly to rise 0.11 percent.
The Nikkei 225 in Japan traded nearly flat to close at 21,505.31 while the Topix index was down 0.25 percent, closing at 1,611.69. The yen, considered a safe haven currency, traded at 111.36 to the dollar, weakening from levels near 110.00 in the previous week as investors took on more risk.
In South Korea, the Kospi index rose 0.41 percent to finish at 2,177.18.
Australia's benchmark ASX 200 was up 0.41 percent to close at 6,242.40 as the heavily weighted financial subindex added 0.45 percent while the energy subindex was up 0.89 percent.
The Reserve Bank of Australia kept its policy cash rate unchanged at 1.50 percent in line with market expectations.
In the monetary policy statement, Governor Philip Lowe said the low level of interest rates is supporting the Australian economy. He said the country's labor market remains strong and it has led to some pick-up in wages growth. The RBA expects further progress in reducing unemployment and for inflation to gradually return to its target.
Lowe said the central scenario is for underlying inflation to be 2 percent in 2019 and 2.25 percent in 2020.
Australia is also set to announce the Federal Budget later in the day.
The Australian dollar had a muted reaction following the RBA's decision, paring earlier gains to trade at $0.7073 at 3:03 p.m. HK/SIN, off an earlier high of $0.7129.
Data released Monday showed promising signs in the world's two largest economies, the U.S. and China, which helped ease fears of a global economic slowdown. U.S. manufacturing activity expanded last month, rebounding from its lowest level since late 2016. In China, the Caixin/Markit Manufacturing Purchasing Managers' Index jumped to 50.8 in March — its highest level in eight months — beating economists' expectations of a 49.9 print.
"Better-than-expected US data helped ease fears about the US growth outlook (for the moment) while the rebound in China's manufacturing data continued to ripple across global markets," analysts at ANZ Research said in a morning note. "Recession chatter very much took a back seat as the US yield curve bear steepened."
The dollar index, which measures the greenback against a basket of peers, last traded at 97.359, climbing from levels near 96.600 in the previous week.
Oil prices rose around 2 percent on Monday to new 2019 highs and advanced further Tuesday afternoon during Asian hours. Global benchmark Brent traded up 0.12 percent at $69.10 a barrel while U.S. crude futures were up 0.19 percent at $61.71.
Production cuts from OPEC helped push the group's supply to a four-year low in March while Venezuela's output fell further due to U.S. sanctions and power outages, Reuters reported.
Elsewhere, the U.K. was no closer to resolving the chaos surrounding its departure from the European Union. On Monday, the British parliament failed to find a majority of its own for any alternative to Prime Minister Theresa May's Brexit deal.
The British pound traded at $1.3041, dropping from levels near $1.3200 last week.
— Reuters contributed to this report.