Asia

China is reportedly sitting on a $6 trillion pile of money, half of which is “hidden,” posing a new kind of risk to the global economy, according to Brad Setser, a former US trade and Treasury official. The “Shadow Reserves” Setser states that a significant portion of China...

An 11-year-old video blogger, Song-a, who shares her life in Pyongyang on Alphabet Inc’s (NASDAQ:GOOGL) (NASDAQ:GOOG) video streaming platform YouTube, has been identified by South Korea’s National Intelligence Service (NIS) as a part of North Korea’s “psychological warfare...

US Treasury Secretary, Janet Yellen, is set to visit Beijing this week for a meeting with senior Chinese officials, CNBC reports. The Objective of the Visit The Treasury has indicated that Yellen’s visit aims to discuss various macroeconomic and financial issues. The goal is to “...

In a shocking incident at Don Mueang International Airport in Bangkok, a 57-year-old Thai woman had her leg amputated following a severe accident involving a moving walkway. The accident occurred on Thursday morning in the domestic passenger terminal, CNN reports. Unexplained AccidentThe woman, en...

South Koreans are now a year or two younger due to a new law that aligns the country’s traditional age-counting methods with international standards, BBC reports. Changes in Age-CountingThe law eliminates the traditional system that considered South Koreans one-year-old at birth, counting...

CNBC “Mad Money” host Jim Cramer weighed in on the Chinese economy and offered a bleak outlook for the U.S. market in the first session after the Federal Reserve's June rate-setting meeting. Cramer's China Take: Cramer offered his take on a monetary policy action...

Corporate chiefs have been making a beeline for China ever since the country reopened its economy late last year following the strict COVID-19 lockdowns. What Happened: Bill Gates, a former tech entrepreneur who has now settled into the role of a climate evangelist and philanthropist, is in China...

Electric vehicle stocks had a mixed outing in the week ending June 9, with the upward momentum in Tesla, Inc. (NASDAQ:TSLA) shares accelerating. The Elon Musk-led company brought down charging infrastructure stocks following a deal it announced with General Motors Corp. (NYSE:GM). Here are the key...

Electric vehicle upstart Lucid Group, Inc. (NASDAQ:LCID) could be setting its sights on the highly-competitive Chinese market even as it struggles to navigate through the early phases of commercialization in the U.S. What Happened: Lucid hired auto industry veteran Zhu Jiang recently to head its...

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk's China visit is a big deal as the billionaire is visiting the country for the first time in about three years, said Wedbush analyst Daniel Ives. What To Expect: Musk is likely to spend most of his visit around the key Giga Shanghai factory, Ives said in a...

On CNBC, Ken Peng of Citi Private Bank said that the U.S. Federal Reserve has promised to tackle inflation in a very aggressive manner. The tapering by the Fed is all set to end next month, with rate-hike expected to begin in March. Peng noted that the Asian markets are in a "little bit better...

This article was originally published on The Bluntness and appears here with permission. The perfect storm is brewing in Thailand, and the forecast is a massive disruption in humanity’s relationship with the hemp plant. Thailand’s hemp industry has been buzzing ever since 2018, when the...

Shares of U.S.-listed companies rose in Singapore on Monday after government data showed that Singapore’s economy grew 7.2% in 2021, rebounding from a pandemic-induced 5.4% contraction in the previous year. What’s Moving: Singapore’s Straits Times Index rose 0.2% on Monday...

Cryptocurrencies are sinking along with the rest of the financial markets on Friday amid concerns over a new variant of the COVID-19 virus that is threatening to derail the post-pandemic recovery. Meme crypto Shiba Inu (CRYPTO: SHIB), however, is faring relatively better. What Happened: Shiba Inu...

Apple Inc (NASDAQ: AAPL) customers in key Asian markets could face delays in getting their iPads and iPhones due to supply crunch ahead of the holiday season, Nikkei Asia reported on Monday. What Happened: Buyers placing their orders on Monday would have to wait upto eight weeks to get their...