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BEIJING Chinese President Xi Jinping on Wednesday congratulated Moon Jae-in on winning the election to become South Korean’s new president, state news agency Xinhua said. The brief report provided no other details. (Reporting by Ben Blanchard; Editing by Michael Perry) ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(”); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1 Also […]

By Sue-Lin Wong | HUNCHUN, China HUNCHUN, China In August, 2014, planners in the northeastern Chinese city of Hunchun argued in state media that it should be included in the “One Belt, One Road” project, Beijing’s vision laid out the previous year of a new Silk Road across Asia to Europe. In 2015, the official Xinhua news agency ran stories about how Hunchun was accelerating its “OBOR” […]

The news has been abuzz lately with a forex (foreign exchange market) investment company based in Penang. The company has around 400,000 investors/members, and they have all not received their promised dividends recently. Worse still, they were all denied access when they tried to log into their accounts on the website. Even when they tried going to the offices, they could not get answers because the offices were CLOSED!!! […]

BEIJING China’s military has conducted live-fire drills and weapons tests in the northeastern Bohai Sea close to the Korean peninsula, the country’s defence ministry said on Tuesday. In a brief statement late on Tuesday, the ministry said the tests of new missiles and weapons were carried out by the People’s Liberation Army’s Rocket Force “in recent days” and were designed to raise operational capability so as to […]

Bitcoin is now up for 16 of the last 18 days, soaring over 50% in the last month and up almost 90% in 2017 – making its the year’s best performing currency. There appears to be no specitic catalyst for today’s move as the surge in Japanese interest (as we detailed here) and news that Russia is considering, like Japan just did, to allow cryptocurrencies as a […]

By Douglas Busvine | DHARAMSALA, India DHARAMSALA, India A U.S. Congressional delegation visited the Dalai Lama at his headquarters in India on Tuesday, seeking to draw world attention to human rights in Tibet as President Donald Trump eyes warmer ties with China. House Democratic Leader Nancy Pelosi flew with a bipartisan delegation to the Himalayan hill town where the 81-year-old Buddhist leader is based, on a trip […]

By Shu Zhang and Matthew Miller | BEIJING BEIJING A Chinese government campaign to cut leverage in the banking system and limit some risky activities appears to be working, but it is also pushing borrowers back towards alternative funding sources that carry similar risks to the financial system. First-quarter official data shows banks cut the amount they lent to and borrowed from other financial institutions by 1.4 […]

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By Arshad Mohammed | NEW YORK NEW YORK Former U.S. Secretary of State Condoleezza Rice said on Monday she would prefer that President Donald Trump not criticise judges and the media but that U.S. democratic institutions can withstand such comments. Speaking in an interview, Rice also described Trump as having a somewhat “transactional” view of foreign relations but she broadly endorsed his approach of seeking to enlist […]

When it comes to international news, The New York Times doesn’t want to be BuzzFeed, HuffPost or The Guardian. It wants to be, well, The New York Times. Whereas other publishers are looking to lure massive new audiences with editions published in various languages, The New York Times is being deliberately conservative with its foreign-language offerings. It has Spanish- and Chinese- language homepages but isn’t planning to […]

By Nigel Stephenson | LONDON LONDON European stocks and the euro pulled back on Monday from highs touched after Emmanuel Macron’s emphatic but well-flagged victory in France’s presidential election as investors’ focus shifted from politics to monetary policy. With the political risks that have dominated European markets in a year packed with elections seen receding, the European Central Bank is expected to have more room to tighten […]

In the early 1990s, the Dubai-based Spanish craftsman Pedro de Aranda was called upon to create a sculpture of a solid-gold falcon for Sheikh Zayed, the founding President of the UAE. De Aranda rendered the piece in his Paris workshop and brought it over to Abu Dhabi. A few months later, the then president of France was gifted the bird when he visited the UAE, and it […]

By Muyu Xu and Ryan Woo | BEIJING BEIJING The Chinese capital is sanitizing its ancient hutong alleyways, home to millions of migrants workers and thousands of small businesses, bulldozing illegal constructions and forcing shops, bars and tiny courtyard restaurants to relocate or go under. As part of guidelines unveiled in April, authorities have started to brick in doors of properties along the narrow passageways, many of […]

Shipment volumes and market shares for the Chinese market. (Image: IDC) Chinese smartphone maker Huawei has overtaken Oppo as the number one smartphone seller in China for Q1 2017, research firm IDC has revealed. Of the total 103.1 million smartphones shipped to China during the first quarter, Huawei’s shipment volume reached 20.8 million units, a year-over-year increase of 25.5 percent, according to IDC’s Quarterly Mobile Phone Tracker. […]

Sign up to receive FirstFT by email here Emmanuel Macron, an independent centrist, won an emphatic victory in France’s presidential run-off against Marine Le Pen, the far-right Front National leader, on Sunday, taking 65.1 per cent of the vote, according to estimates. Mr Macron’s victory is a phenomenal achievement for the 39-year-old former Rothschild banker, who has never before held elected office and whose political movement En Marche! was […]

In a week that started with big oil and US shale producers trumpeting their ability to thrive in a world of $50 a barrel crude, the market had a very quick response: let’s see if you can do it at $45. A brutal sell-off across commodity markets this week has quickly taken the shine off strong first-quarter results that would otherwise have been viewed as a triumph […]

By John Ruwitch | SHANGHAI SHANGHAI Organisers barred journalists on Sunday from a publicly advertised event in Shanghai to attract Chinese investment in a U.S. real estate project linked to the family of President Donald Trump’s son-in-law in exchange for immigrant visas. The two-tower luxury apartment complex in New Jersey, One Journal Square, is being developed by KABR Group and the Kushner Companies, which until recently was […]

Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. The image of power was simple: Jared Kushner and Ivanka Trump walking off Marine One Thursday, hand-in-hand, and boarding Air Force One for a short trek to New York City with Kushner’s father-in-law. Yes, Jared Kushner, trusted power broker, to […]

Representatives from the Kushner family descended upon the Ritz Carlton in Beijing to pitch wealthy Chinese the EB-5 visa program aka crony capitalism. Nicole Kushner, Jared’s sister, was alleged to be in attendance. The pitch was “Invest early, and you will invest under the old rules,” according to the Washington Post. The event, which was closed to foreign press, was hosted by the Chinese company Qiaowai — who […]

By Jonathan Cable | LONDON LONDON The fate of the European Union and the euro could hang on the outcome of Sunday’s French presidential election. The expected victory of centrist, pro-EU candidate Emmanuel Macron would be taken by markets as a sign that political risk in Europe is receding; a surprise win for far-right candidate Marine Le Pen would raise the risk that the euro zone’s number […]

Korea expert Robert Kelly says the ‘real concern’ for the Philippines is being on the flight path of North Korea’s missile tests MANILA, Philippines – Remember the dad whose children barged in during his live video interview with the BBC? The man now known as the “BBC dad” is Robert Kelly, a political science professor at Pusan National University in South Korea. Kelly, an expert on Korea, […]

BEIJING China on Saturday demanded that Taiwan release two mainland fishermen who have been detained after the island’s coastguard fired rubber bullets at them amid simmering tensions between the rivals. The shooting put a new strain on ties between Beijing and Taipei which have cooled since Taiwan President Tsai Ing-wen of the independence-leaning Democratic Progressive Party took power last year, because she refuses to concede the self-ruled […]

May 6, 2017 by: Jeevan Vasagar in Singapore and Michael Peel in Bangkok Puma Energy, the fuel storage and petrol station business backed by Swiss commodities trading house Trafigura, wants to expand in Myanmar across a range of fuel and petroleum products after opening a $100m storage facility at the southern port of Thilawa. The new terminal, with a capacity of 91m cubic metres, opens the prospect […]

Why Macau? There are two very different faces to this former Portuguese enclave a short boat ride from Hong Kong. There’s the Macau that has been transformed since its return to China in 1999 into the Las Vegas of the East by the construction of giant hotel casinos on a vast land-reclamation project. And there’s my kind of Macau, still a wonderfully exotic destination, where there are […]

Thailand has bought the first of three submarines from China in the strongest signal yet the military-ruled country is reducing reliance on its long-time ally, the United States. A Thai navy admiral signed an agreement for the $US393 million ($530 million) Yuan-class diesel vessel in Beijing even though Thailand’s state audit office is still investigating the purchase. Prayuth Chan-Ocha, Thailand’s Prime Minister. Photo: Getty Images Thailand’s cabinet, dominated by military officers who seized power […]

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