The summit will be the first standalone meeting between them as the U.S. seeks to capitalize on improving ties between its closest security alliances in Asia.
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China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring program in March.
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Missiles aren’t the only threat from North Korea. Its conventional arms are just as deadly
North Korea’s missile program is only one of many threats the reclusive state has in its growing military arsenal.
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JPMorgan hikes EM default forecast as Country Garden drives China contagion fears
JPMorgan expects the China property sector to account for nearly 40% of all high yield default volumes in emerging markets in 2023.
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Malaysia’s state polls were a ‘setback’ for Anwar’s ruling government, says analyst
The contest was widely seen as a first test for Prime Minister Anwar Ibrahim’s coalition and unity government that came to power last November.
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Japan GDP grew 6%, handily beating expectations on robust exports
Economist surveyed by Reuters had expected the world’s third-largest economy to post 3.1% growth in the April-June quarter.
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Employees in Asia are spending the most time looking busy at work, says Slack report
The survey found that employees from India, Japan and Singapore reported spending more of their time on “performative work” than the global average.
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Singapore narrows 2023 growth forecast on ‘weak’ external demand
The growth forecast was trimmed to between 0.5% to 1.5%, from an earlier range estimate of 0.5% to 2.5%, the Ministry of Trade and Industry on Friday.
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China lifts ban on group travel to more than 70 locations, giving a boost to travel stocks
This will be the first time in six years that China would allow group tours to South Korea.
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White House restricts U.S. investment in some Chinese tech, citing national security concerns
An official said the executive order is carefully focused so as not to stifle business between the world’s two largest economies.