The world’s second-largest economy appears content to let U.S. President Donald Trump take the lead in the dialogue with North Korean dictator Kim Jong Un. But if talks hit a snag, Washington and Pyongyang may turn to Beijing for help. China, so far, has welcomed a planned meeting between Trump […]
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A scandal is deepening around Japan’s Shinzo Abe, putting his future at risk
Until now, Japanese Prime Minister Shinzo Abe was widely expected to become the country’s longest-serving premier. Recent reports tying him to suspected cronyism could change that. For over a year, allegations have been flying that Abe and his wife Akie Abe granted political favors to a right-wing education group for […]
Japan will urge G20 to step up on preventing cryptocurrencies for money laundering
Japan will urge its G20 counterparts at a meeting next week to beef up efforts to prevent cryptocurrencies from being used for money laundering, a government official with direct knowledge of the matter said. Finance ministers and central bankers of the Group of 20 major economies will meet in Buenos […]
China’s top economic adviser says profound party and government reforms are needed
Chinese President Xi Jinping’s top economic adviser, Liu He, said on Tuesday that the reform of China’s ruling Communist Party and government institutions will be profound. Liu He, a Harvard-trained economist who is a trusted confidant of Xi, has emerged as the front runner to be the next governor of […]
China’s top economic advisor says profound party and government reforms are needed
Chinese President Xi Jinping’s top economic advisor, Liu He, said on Tuesday that the reform of China’s ruling Communist Party and government institutions will be profound. Liu He, a Harvard-trained economist who is a trusted confidant of Xi, has emerged as the front runner to be the next governor of […]
China will merge its banking and insurance regulators
China said it will merge its banking and insurance regulators, according to a parliament document released on Tuesday, in a series of proposed changes in thebiggest ministry shake-up in years. In a long-awaited move to streamline and tighten oversight of the financial system in the world’s second-biggest economy, China will […]
China plans new ministries and merger of regulators in massive government revamp
China said it will merge its banking and insurance regulators, according to a parliament document released on Tuesday, in a series of proposed changes in the biggest ministry shake-up in years. In a long-awaited move to streamline and tighten oversight of the financial system in the world’s second-biggest economy, China […]
Republican senator puts forward bill to quash Trump’s new tariffs
Sen. Jeff Flake, R-Ariz., on Monday attacked President Donald Trump‘s newly signed tariffs on steel and aluminum imports while introducing a bill that would nullify them completely. “Tariffs are bad enough on their own. Tariffs married with uncertainty are even worse,” Flake, who is not seeking re-election, said on the […]
Trump’s metal tariffs are ‘like an atomic bomb’ for European firms, lobbyist says
Donald Trump‘s decision to impose tariffs on steel and aluminum could cause major disruption for companies in Europe, a business lobbyist told CNBC Monday, who argued that the U.S. president should have taken less severe measures to protect his domestic market. U.S.’s allies, including the European Union and Japan, are […]
Cramer Remix: Kudlow is a good choice for arguing with Trump
After CNBC’s Jim Cramer broke the news that Larry Kudlow was the top candidate to replace Gary Cohn as the president’s top economic advisor, he wanted to double back and explain why. The “Mad Money” host, who worked with Kudlow for years, said on Monday that the TV personality has […]