China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue. Pan Gongsheng, governor of the People’s Bank of China…
Good morning. Donald Trump casts doubt on Ukraine’s ability to defeat Russia. Japan is set to get its first woman prime minister. And the White House is tearing down part of the East Wing to make way for Trump’s ballroom. Listen to the day’s top stories. Source link
By Leika Kihara and Makiko Yamazaki TOKYO (Reuters) -The possible appointment of Satsuki Katayama as Japan’s next finance minister could give markets cause to rethink pushing the yen too low but might also help the country’s new leader find fresh ways to fund bold economic stimulus plans. Japan’s next likely prime minister Sanae Takaichi has…
WASHINGTON (AP) — President Donald Trump is expected to leave for Asia at the end of the week, betting that an around-the-world journey will help him untangle big issues that he can’t afford to get wrong. At stake is nothing less than the future of the global economy, which could hinge on whether he’s able…
Note: Map shows the area with a shake intensity of 4 or greater, which U.S.G.S. defines as “light,” though the earthquake may be felt outside the areas shown. All times on the map are Japan time. The New York Times A moderately strong, 5.1-magnitude earthquake struck in Japan on Tuesday, according to the United States…
Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets opened higher Monday as investors parsed the latest slew of economic data out of China. China’s GDP rose 4.8% in the July-to-September period compared to a year ago, in line with expectations of analysts polled by Reuters. The…
Pars Today – China’s representative to the World Trade Organization has criticized the U.S. government as a factor weakening the multilateral trade system and called on American officials to comply with the rules of this international body. China’s mission to the World Trade Organization stated that Beijing regards the United States as a violator of…
Tensions in the South China Sea remained elevated on Friday as China launched military exercises near the disputed Scarborough Shoal, a move coinciding with the final day of a series of joint naval drills between the United States, the Philippines and other nations. The exercise – set to run from noon until 7pm – was…
By Makiko Yamazaki and Leika Kihara TOKYO/WASHINGTON (Reuters) -After a wild week, Sanae Takaichi may have found the political support she needs to become Japan’s next prime minister – but the new cross-party alliances come with risks that her economic plans get mired in an increasingly fragmented legislature. Japan’s lower house of parliament is set…
MANILA, Philippines (AP) — Asian shares skidded Friday following a retreat on Wall Street driven by concerns over banks’ loan portfolios. U.S. futures and oil prices also fell, while the price of gold climbed to over $4,383 an ounce as Washington and Beijing swapped harsh words over trade. Japan’s Nikkei 225 fell 1.3% to 47,646.31,…