The move effectively raised the cost of shorting the Chinese yuan, at a time the local unit is facing mounting depreciation pressure. It follows similar action last week.

China's fiscal revenue grew at a slower pace in July, data released on Monday showed, as major banks continue to cut growth forecasts for the world's second largest economy

The 1-year loan prime rate was lowered by 10 basis points to 3.45%, while the five-year LPR was left at 4.2%, suggesting policymakers fear downward pressure on the yuan and capital flight

Luna-25, the Russian spacecraft sent on the country's first mission in 47 years, spun out of control and crashed into the moon on Saturday, officials said

Biden's success in bringing old enemies together had created a trilateral mechanism to deal with security threats, expanded military exercises and increased missile cooperation

A Bangladeshi bank that handles most bilateral trade with Myanmar has frozen the accounts of two key Myanmar banks as US sanctions tighten the taps on the junta's financial resources

The drills are a warning to 'separatists', Beijing says. But Taipei says they aim to scare people from voting for Lai in the poll in January

US President wants to visit to Hanoi in mid-September to sign a strategic partnership pact with Vietnam to bolster economic and security ties, sources say

The finding coincides with news that New York City has banned the Chinese social media app on government devices because of security concerns

Hedge fund boss said China needed to slash its debts as "burdensome debt service payments are freezing the economy, especially at the provincial level"

Debt-laden Chinese builder seeks protection via the US bankruptcy code, which shields non-US firms undergoing restructuring from creditors that hope to sue them or tie up assets in the US

Country Garden, facing $192 billion worth of debt, is saddled with nearly 1 million unfinished homes in 3,121 projects spread across all of China's provinces