Manila has scrapped a deal with China to fund and build three rail projects on Luzon and Mindanao islands, which were considered defunct even before Marcos Jr took office in mid-2022

A Hong Kong judge said a decision on whether to wind up the debt-laden developer would be made on December 4, so the firm needs a revised restructuring plan before that date

Police alleged on Thursday that the Chinese Long River crime syndicate laundered $143 million via Changjiang Currency Exchange, a large money transfer group with dozens of shops nationwide

"If China’s near-term growth were to slow by another percentage point, this would reduce 2030 coal demand by an amount almost equal to the volume currently consumed by the whole of Europe."

Demand for EVs is growing, but the scrapping of an EV partnership between GM and Honda, plus a warning from China's top battery maker suggest the transition may be slower in 2024

The automakers believed they may be able to create "affordable" EVs, built using GM's Ultium battery technology, but found that it would be difficult to achieve

The new finance minister is Lan Foan, a former governor of Shanxi province, while former defence minister Li Shangfu lost several senior positions

Bonds totalling $137 billion will help counter growing impacts from climate change, as China continues to build new coal power plants; it will also boost the economic recovery, officials say

Shares rose slightly on markets in mainland China but dropped in Hong Kong, while Japan, Seoul and Sydney rebounded after three days of falls; Asian currencies edged higher

China's parliament is set to approve just over 1 trillion yuan ($137 billion) in additional sovereign debt issuance when it concludes a five-day meeting on Wednesday

With his 36-year-old son as a possible vice-president, Jokowi is seeking to retain some influence in government, analysts say.

Myanmar is edging closer to failed state status; its commerce minister revealed a "runaway trade deficit" last week, with exports over the past six months dropping to 46% of the previous fiscal year