Vietnam president in meeting with US ambassador calls for stronger defence, economic ties
HANOI — Vietnam's newly elected president To Lam on Thursday (June 13) called for a strengthening of ties with the United States, the government said.
Asian news from China
China needs bond market reforms to rein in soaring debt, S&P Global says
China needs bond market reforms as soaring debt poses significant longer-term risk to the country, according to S&P Global.
Tesla shareholders vote to reinstate Elon Musk’s $56 billion pay package
Tesla shareholders on Thursday voted to ratify CEO Elon Musk's mammoth 2018 pay plan, five months after a judge in Delaware ordered the company to rescind the package, finding it had been improperly granted by the board.
European debt now a better bet than US Treasuries
WASHINGTON — Janet Yellen can’t be happy as bond guru Bill Gross shines a bright spotlight on a fast-emerging risk to US Treasury securities: the November election.
Li Qiang to Australia as relations move from freeze to thaw
Chinese Premier Li Qiang is visiting Australia from June 15 to 18.
Bitcoin mining rigs pop up in Southeast Asia’s abandoned malls, factories after China crackdown
The 6.87-hectare (17-acre) cement slab in the middle of a Borneo industrial area once belonged to a logging company. Long ago that business abandoned the site to the elements, leaving just rudimentary structures and a four-storey-tall concrete birdhouse made to lure swiftlets whose nests, built with saliva, fetch high prices in China.
China’s global military base strategy taking shape
China is securing international military base access agreements to expand the global reach of its armed forces, a counter to America’s extended deterrence strategy for Taiwan while threatening India with encirclement.
Singapore to offer carbon tax rebates up to 76% for refiners, petrochemical firms, sources say
Singapore is offering refiners and petrochemical companies rebates of up to 76 per cent for its planned carbon tax for 2024 and 2025 to help them ease cost stress and remain competitive versus rivals elsewhere, four sources familiar with the matter said.