The United States and China have agreed on a proposed UN resolution on the Democratic People's Republic of Korea and will not accept Pyongyang as a nuclear weapons state, the White House and United Nations diplomats said on Wednesday.
Despite a global slowdown mainland China, Hong Kong and Macau now account for billionaires than the USA.
Rajah & Tann Singapore LLP, South-east Asia's largest law firm, reckons the region's rising bond defaults will inflict as much pain on creditors as the financial crises of 2008 and 1998.
Ahead of Foreign Minister Wang Yi's US visit this week, Beijing has noted the US defense deployment in Hawaii, hitting back at the latest US criticism that China's presence on its South China Sea islands is boosting "militarization".
Malaysia drove home the point at a summit attended by American and Asean leaders of the serious terror threat posed by Islamic State (IS), saying it could yet commit “the worst kind of brutality”.
The US has spent more than US$7 billion (S$9.8 billion) in the past 14 years to fight the runaway poppy production that has made Afghan opium the world's biggest brand.
US President Barack Obama has underscored the importance of US-Asean relationship at a key summit, saying the region was central to peace and prosperity in the Asia-Pacific.
Foreign Minister Wang Yi started talks with visiting United States Secretary of State John Kerry this morning, and voiced hope that the ongoing visit will "strengthen our strategic mutual trust" and "eliminate strategic doubts".
Chinese and American experts have low expectations for US Secretary of State John Kerry's trip to China, Laos and Cambodia, where he is seen as trying to seek Beijing's support to punish the Democratic Republic of Korea for its latest nuclear test while looking for countries in Southeast Asia to gang up on China over the South China Sea issue.
US President Barack Obama on Sunday promised to "look at" export controls to make sure Indian firms have the same access to American technologies as "closest allies" and expressed the hope that the new year will see deals for the US companies to build new reactors in India.
The Philippines has offered the United States eight bases where it can build facilities to store equipment and supplies under a new security deal, a military spokesman said on Wednesday (Jan 13), amid rising tension with China over the South China Sea.
Following the nuclear test by the Democratic People’s Republic of Korea on Jan 6, the United States flew a nuclear-capable B-52 bomber over the Korean Peninsula on Sunday. US allies also have been active, with the Republic of Korea considering more deployment of US "strategic assets" and Japan boosting its presence in the South China Sea.
From economic policy to stock market moves and mergers, changes in the corporate landscape took place at a breathless pace this year. Aaron Low looks back at some of the key events in financial markets and the global economy that made 2015 a momentous year for markets around the world.
Australia will not bow to Chinese pressure to halt surveillance flights over disputed islands in the South China Sea at the centre of territorial spats between China and its regional neighbours, Defence Minister Marise Payne said on Thursday.
North Korea has warned the United States of "unimaginable consequences" from its "hostile" policy towards the nuclear armed state, urging Washington to accept its long-standing demand for a peace treaty.
Asian stock markets jumped on Thursday as investors chose to take an historic hike in US interest rates as a mark of confidence in the world's largest economy, though the good cheer did not extend to oil where oversupply again pressured prices.
The Federal Reserve's policymakers met for the final time this year on Wednesday (Dec 16) and announced the first US interest rate hike since June 2006, and seven years after it pushed its benchmark lending rate to zero to battle the global financial crisis and the Great Recession that followed.
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