Donald Trump has ordered the suspension of US military exercises with South Korea, in a surprise concession at an extraordinary summit with North Korean leader, Kim Jong-un.
Trump said the process of denuclearization would happen “very, very quickly”, adding he had formed a “special bond” with Kim and the relationship with North Korea would be very different.
President Donald Trump is about to see whether his bet on North Korea will pay off: that Kim Jong Un’s desire to end his country’s economic strangulation and pariah status will prevail over the dictator’s fear of relinquishing his nuclear threat.
The Federal Reserve is all but certain to raise its key rate by a quarter point this week, meaning it will then have a benchmark above that of five counterparts in the Asia-Pacific region excluding Japan.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS advanced 0.5 percent to extend its gains, hitting a 2-1/2-month high for a second straight day. Japan's Nikkei average .N225 rose 0.9 percent.
A worldwide escalation of the trade tensions between the US and its major trading partners would have consequences for global trade equivalent to the 2008 financial crisis, the World Bank has warned.
Rarely in modern in history has there been a summit with higher stakes and greater uncertainty over its outcome than the planned meeting in Singapore a week from now between Kim Jong-un and Donald Tr
The release of first quarter GDP data and a meeting of the Reserve Bank of Australia will be keenly watched by investors eager for clarity on the trajectory of domestic interest rates after the ongoing strength of the US economy was ...
Steel will be hit with a 25 per cent levy and 10 per cent for aluminium; The Trump administration has sparked a trade war with the European Union, Canada and Mexico after it announced it will impose large tariffs on steel and aluminium imports
Bank of Canada maintained its target for the overnight rate at 1¼ per cent. The Bank Rate is correspondingly 1½ per cent and the deposit rate is 1 per cent.