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Philippine GDP Growth Exceeds 6% for a Ninth Consecutive Quarter

The Philippine economy grew more than 6 percent for a ninth consecutive quarter, cementing its position as one of the fastest-expanding in the world.Key PointsGross domestic product increased 6.9 percent in the third quarter from a year earlier, the Philippine Statistics Authority said in Manila Thursday, after expanding a revised

Trump’s Trade Barbs Push Asian Nations Closer to China’s Orbit

For years, smaller nations in Asia have looked to the U.S. to provide a counterweight to an increasingly powerful China. Under President Trump in Asia Kept One Eye on Re-Election, With Push for Deals“The credibility of the U.S. is going down, so regional actors are trying to do their own

Hong Kong Banks’ 2047 Moment Arrived Early

If you think it's only Hong Kong's asset markets that are increasingly turning Chinese, you haven't been paying attention to the city's banking industry.The 86 percent first-day gain in shares of Tencent Holdings Ltd.-backed China Literature Ltd. last Wednesday was reminiscent of the typical "China pop."While newly appointed super regulator, will

Alibaba Singles’ Day Posts Record 168 Billion Yuan in Sales

Jack Ma is using it as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated market.“The work that’s been done in the integration of offline and online, not just in

Alibaba Singles’ Day Sales Hit $8.6 Billion in First Hour

Jack Ma is using this year’s event as a testing ground for his plans to revamp China’s $4 trillion traditional retail sector with technology, an experiment that could help the behemoth gain an edge in China’s saturated retail market. “The work that’s been done in the integration of offline and

China Makes Historic Move to Open Market for Financial Firms

China took a major step toward the long-awaited opening of its financial system, saying it will remove foreign ownership limits on banks while allowing overseas firms to take majority stakes in local securities ventures, fund managers and insurers.The new rules, unveiled at a government briefing on Friday, will give global

North Korea 2-3 Years From Missile That Could Hit U.S., Russia Says

Russia said North Korea is still two to three years from being able to carry out a long-range strike on the U.S., offering diplomacy a chance to halt the secretive Communist state’s nuclear and missile programs.“Unless we can find a political solution,” it’s “inevitable” that Kim Jong Un’s regime will

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