Breaking News: Asia
China-U.S. agree on framework to implement Geneva trade consensus after second day of London talks
Key Points The U.S. and China have reached consensus on trade, representatives from both sides said after high-level talks in London, according to an NBC transcript. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents, before implementing it. The talks follow a breakthrough trade agreement reached in mid-May that […]
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Asia-Pacific markets set to mostly climb on optimism over progress in U.S.-China trade talks
Maremagnum | Corbis Documentary | Getty Images Asia-Pacific markets were set to mostly climb Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being “productive.” The talks between officials from both superpowers had continued for a second day in London on Tuesday. U.S. Treasury […]
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Asia-Pacific markets climb as investors await details of U.S.-China trade talks
Aerial view by drone of Tokyo Cityscape with Tokyo Sky Tree visible in Tokyo city, Japan on sunrise. pongnathee kluaythong | Moment | Getty Images Asia-Pacific markets climbed Tuesday as investors awaited further details on the U.S.-China trade talks, which were slated to continue for a second day. Officials from both countries held trade talks in […]
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China consumer prices slump again, deepening deflation worries as demand stays weak
A woman takes pictures with a Labubu doll at a Pop Mart store in Shanghai, China, on June 5, 2025. Ying Tang | Nurphoto | Getty Images China’s consumer prices fell for a fourth consecutive month in May, as Beijing’s stimulus measures appear insufficient to boost domestic consumption, with price wars in the auto sector […]
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China exports growth misses expectations despite tariff truce; imports plunge amid weak consumption
The JISU FORTUNE ship carries over 5,000 vehicles at Taicang Port and makes its maiden voyage to European countries such as the Netherlands and Belgium in Suzhou City, Jiangsu Province, China, on May 22, 2025. Costfoto | Nurphoto | Getty Images China’s exports growth missed expectations in May, despite a temporary trade truce with the […]
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Asia-Pacific stocks rise as investors await Beijing-Washington trade meeting and China data
China Shenzhen Real444 | E+ | Getty Images Asian markets climbed Monday as investors awaited trade talks between the U.S. and China later in the day, following accusations between the two over breaching deal terms agreed in Geneva last month. Trade tensions are seemingly easing as China has reportedly granted temporary approvals for the export […]
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India’s central bank beats market expectations to deliver outsized rate cut of 50 points
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024. Indranil Aditya | Nurphoto | Getty Images India’s central bank delivered an outsized cut to its benchmark policy rate, bringing it to 5.5% from 6%, its lowest level since August […]
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Citi plans to slash 3,500 tech roles in China as global banks cut costs
HONG KONG, CHINA – 2024/06/07: Pedestrians walk past the American multinational investment bank, Citibank or Citi, branch in Hong Kong. Sebastian Ng | Lightrocket | Getty Images Citigroup said Thursday it plans to cut around 3,500 technology positions in China, in the latest move by a major U.S. bank aimed at streamlining global operations and […]
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South Korea stocks extend post-election gains, hover near 10-month high amid mixed Asia markets
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty […]
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Trump says ‘extremely hard’ to make a deal with China’s President Xi Jinping as trade talks stall
Key Points U.S. President Donald Trump said on Wednesday that China’s President Xi Jinping was “extremely hard” to make a deal with. A senior White House official told CNBC earlier on Monday that Trump and Xi are likely to speak this week. Source
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