Mainland China stocks enjoyed their biggest single-day gains since 2008, with property stocks soaring after mortgage cuts were announced by the PBOC; meanwhile, the Nikkei plunged on news of Japan's new PM

China's central bank says local banks should reduce rates on existing mortgages by no less than 30 basis points below the Loan Prime Rate.

Analysts say making household demand a driver of development, instead of investing in industry and infrastructure, is a long path paved with tough choices

At stake for OpenAI is fundraising worth $6.5 billion that could give the company a valuation of $150 billion

A self-proclaimed lone wolf, Ishiba has long been popular with the public. He is a supporter of the idea of an Asian NATO.

Shanghai and Shenzhen are expected to abolish all purchase restrictions in coming weeks to revive demand. Beijing is also said to be reconsidering its home-buying curbs

Industrial profits fell by 17.8% in August from a year earlier following a 4.1% increase in July, data released on Friday showed

US intelligence officials have stepped up warnings in recent weeks that foreign actors like Russia, Iran and China are exploiting artificial intelligence to interfere in the upcoming US election

Sources said bond proceeds will go to subsidizing cheap purchases of consumer goods, plus families with 2 or more kids, and local governments

China could face more sanctions from the West after European intelligence presented evidence of a facility allegedly making drones for Russia's war in Ukraine

A rapid explosion in AI-enabled devices, coupled with a range of other factors including climate change, natural disasters and geopolitical tensions, pose significant risks to chip supply chains

US-based analyst says the axing of leaders at a top Chinese think tank stems from ideological power struggles and even leaking secrets about Xi Jinping's health