Asia Economy
How China’s electric vehicle juggernaut is reshaping the global car market
Workers from Chinese electric vehicle (EV) company NIO inspect vehicles in the final quality control area on the automated production line at the companys manufacturing hub on January 17, 2025 in Hefei, China. Kevin Frayer | Getty Images News | Getty Images The speed and scale of China’s electric vehicle revolution has caught the world […]
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CNBC Daily Open: Big M&A activity returns to the U.S. — but the deal-maker is the White House
U.S. President Donald Trump in the Cabinet Room of the White House on Aug. 26, 2025 in Washington, D.C. Chip Somodevilla | Getty Images It’s starting to feel like we’re in a game of Pac-Man, in which the U.S. government is the eponymous hungry yellow blob furiously chomping on everything in sight. The White House’s […]
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China’s industrial profits narrow declines to 1.5% in July as Beijing clamps down on price wars
Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024. Nurphoto | Nurphoto | Getty Images China’s industrial profits slipped 1.5% from a year earlier in July, marking a notable recovery following months of steeper declines, signaling Beijing’s campaign against price wars has helped ease the strain on company profitability. The […]
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Thai monetary policy should remain accommodative, central bank minutes show
Thailand’s monetary policy should remain accommodative to support the economy and an easing would not significantly increase financial stability risks. Bloomberg Creative | Bloomberg Creative Photos | Getty Images Thailand’s monetary policy should remain accommodative to support the economy and an easing would not significantly increase financial stability risks, the minutes of the Bank of Thailand’s August 13 policy meeting showed on Wednesday. At the meeting, the monetary policy committee voted […]
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Canada Goose draws take-private bids valuing it at $1.35 billion as Bain Capital weighs exit
SHANGHAI, CHINA – DECEMBER 02: A citizen walks by a Canada Goose store on December 2, 2021 in Shanghai, China. Visual China Group | Getty Images Canada Goose’s controlling shareholder, Bain Capital, has received bids aimed at taking the luxury parka-maker private at a valuation of about $1.4 billion, according to people familiar with the […]
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Ships, planes, billions in investment pledges: South Korea’s Lee charms Trump with deals
WASHINGTON, DC – AUGUST 25: U.S. President Donald Trump (R) and South Korean President Lee Jae-myung talk to reporters before an Oval Office meeting at the White House on August 25, 2025 in Washington, DC. During Lee’s first official visit to the White House, the two leaders are set to discuss trade and military cooperation […]
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‘They have to give us magnets’: Trump warns of 200% tariff on China if exports are curbed
US President Donald Trump during a meeting with Lee Jae Myung, South Korea’s president, not pictured, in the Oval Office of the White House in Washington, DC, US, on Monday, Aug. 25, 2025. Al Drago | Bloomberg | Getty Images U.S. President Donald Trump on Monday stateside warned of steeper tariffs on China if exports […]
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Asia-Pacific markets set to open lower after Wall Street declines
People Maydays | Moment | Getty Images Asia-Pacific markets were poised to open lower Tuesday, tracking losses on Wall Street, with investors awaiting a key U.S. inflation report for clarity on the Federal Reserve’s rate-cut path. Investors will also assess the meeting between South Korean and U.S. presidents over fleshing out the trade deal framework […]
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Trump questions whether U.S. can ‘do business’ in South Korea ahead of president’s visit
South Korean President Lee Jae-myung speaks during a press conference at the Presidential office in Seoul, South Korea, Wednesday, June 4, 2025. Ahn Young-joon | Via Reuters President Donald Trump cast doubt Monday on the United States’ ability to do business with South Korea, hours before he was set to host the key trade partner’s […]
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Evergrande’s $50 billion rise and fall leaves scars on China’s property sector
An Evergrande commercial complex in Beijing on Jan. 29, 2024. Greg Baker | Afp | Getty Images China Evergrande Group was delisted from the Hong Kong Stock Exchange on Monday — an ignominious exit for the former high-flying developer that once epitomized Beijing’s economic rise and later came to symbolize the country’s property bust. Following […]
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