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TOKYO – Last month, former US Treasury Secretary Lawrence Summers drew chuckles when he said the Federal Reserve’s next action might be to tighten, not ease, interest rates. Few bond traders are laughing now.
Stock investors have been cheered by the long-hoped-for rally of Chinese property shares so far this month but analysts warn that the surge cannot be sustained over the medium term.
BEIJING (AP) — An explosion at an apartment building in northeastern China killed one person and injured at least three others Thursday, state media reported.
TAIPEI, Taiwan (AP) — China’s military held exercises surrounding Taiwan on Thursday in what it called punishment for separatist forces seeking independence on the self-governed island where a new president took office this week.
China's military started two days of "punishment" drills around Taiwan on Thursday in what it said was a response to "separatist acts", just days after new Taiwan President Lai Ching-te took office and called on Beijing to cease its threats.
India's startup ecosystem is poised for promising growth as the country works toward boosting economic growth and entrepreneurship — but more jobs are needed to combat high levels of unemployment.
The comments by Salvador Medialdea, Duterte’s former executive secretary, were meant to shift the blame to late leader Benigno Aquino III who could “no longer defend himself”, observers told This Week in Asia, adding that this would allow Beijing to strengthen its claims of a deal being in place.
