USA

Asian stocks fall ahead of Central Bank meetings

Most Asian equities fell as traders await US and European central bank meetings this week for further clues on the 2018 policy outlook. The dollar was steady and oil extended gains above $58 a barrel.The Nikkei 225 Stock Average retreated from a 26-year high, and Hong Kong and Chinese shares slipped, after US stock indexes hit fresh highs overnight. Most major American gauges advanced, led by more than 1 percent increases in media, telephone and technology-hardware shares.

12 December 2017
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Bitcoin charges through $14,000 as investors pile in

Bitcoin hit a fresh record of $14,000 Thursday as investors piled in, triggering a warning the cryptocurrency was "like a charging train with no brakes" which would inevitably slip back.It touched a new a high of $14,400 in Asian trade before slipping back to $13,900, according to Bloomberg News.

7 December 2017
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Asian tech firms track US losses as US tax boost wanes

Tech giants including Samsung and Tencent sank in Asian trade on Tuesday, tracking a sell-off in their US rivals and dragging most regional markets lower.While investors welcomed news that the US senate had finally passed controversial tax reforms, the deal must still be reconciled with a House bill, while the probe into alleged Russian meddling in last year's election continues to dog Donald Trump.The Dow closed at a record high on Wall Street but the Nasdaq tumbled more than one percen

5 December 2017
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Oil slips as OPEC deal seen leading to potential shale surge

Oil retreated the most in more than two weeks amid worries that OPEC’s deal to extend production cutbacks may take US shale activity to a whole new level.Futures closed 1.5 percent lower in New York. OPEC and partners including Russia last week agreed to keep cutting output through the end of next year.

5 December 2017
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US, South Korea begin largest-ever joint air drill

The US and South Korea on Monday kicked off their largest ever joint air exercise, an operation North Korea has labelled an "all-out provocation", days after Pyongyang fired its most powerful intercontinental ballistic missile.The five-day Vigilant Ace drill – involving 230 aircrafts, including F-22 Raptor stealth jet fighters, and tens of thousands of troops – began Monday morning, Seoul's air force said.Pyongyang over the weekend blasted the drill, accusing US President Donal

4 December 2017
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Vietnam blogger 'Mother Mushroom' appeal rejected

A Vietnamese court on Thursday rejected the appeal of a prominent blogger known as "Mother Mushroom", in jail for anti-state propaganda, days after one of her lawyers was disbarred in a case that has drawn global ire.Nguyen Ngoc Nhu Quynh was sentenced to 10 years in jail in June, a heavy term decried by rights groups that accuse the communist government of waging a harsh crackdown against critics this year.

30 November 2017
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Pyongyang tests ICBM that could put entire US in range

North Korea shattered a two-month period of relative quiet by test-firing a missile that analysts say may put the US east coast in range.Japan said the intercontinental ballistic missile flew for 53 minutes on a lofted trajectory and may have reached an altitude of more than 4,000 kilometers (2,500 miles) before landing in waters about 250 kilometers from its northwest coast.

29 November 2017
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Dealing with the Belt Road Initiative

The Belt Road Initiative (BRI) is an ambition that undoubtedly turns heads and raises eyebrows – but for vastly different reasons.Plans are already underway – ports, roads, rail infrastructure, oil and gas pipelines, fibre optics networks – and slowly, China’s estimated five trillion-dollar ambition is taking shape.

27 November 2017
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The shift in the East Asian order

Talks about the “Quad” – a four-way security dialogue between the US, India, Japan and Australia – has resurged since it was first championed by Japanese Prime Minister Shinzo Abe in 2007. This time, it centred around the notion of a “free and open Indo-Pacific.”What the term, “Indo-Pacific” popularised by US President Donald Trump during his visit to Asia entails is still not set in stone.

24 November 2017
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Indonesia’s Run island : Manhattan’s tropical borough

Glamorous Manhattan was once a swampy pit that was traded for a tiny island in the vast Banda Sea of Indonesia.350 years ago, the Banda Islands were once at the heart of the world’s biggest trade – spices. Historically known as the Spice Islands, they comprise of 10 smaller specks and have a population of just 15,000 people.During this time in history, the Banda Islands had a monopoly of the prized nutmeg that was valued more than gold where they saw an increase of 32,000% in price.

21 November 2017
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Capitalising on climate unity

When Donald Trump was elected US president a year ago, some said the end of the Paris climate agreement was nigh. Yet, as the latest round of global climate talks in Bonn, Germany, has shown, the world’s political leaders are more committed to the deal than ever.

19 November 2017
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ASEAN Roundup: November 13 - November 19, 2017

Much ado about the 31st ASEAN SummitThe highlight for this week was the conclusion of the 31st Association of Southeast Asian Nations (ASEAN) Summit and Related Meetings which began last week.

19 November 2017
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