Asia Economy

A US and a Chinese flag wave outside a commercial building in Beijing, 09 July 2007.Teh Eng Koon | AFP | Getty ImagesBEIJING — China's purchases of U.S. goods are still falling short of trade agreement levels, even as overall Chinese…

The floods in China and Europe are yet "another body blow" for global supply chains, the CEO of a shipping firm told CNBC on Monday. "Rarely does a week go past without something new," says Tim Huxley, CEO of Mandarin Shipping. Shipping has…

A Tesla store in Beijing, China, on July 4, 2021.Costfoto | Barcroft Media | Getty ImagesTesla said on Monday that a $23 million bitcoin-related impairment caused some drag on its quarterly operating income.The electric auto company only…

Thai Baht banknotes and coins.Artur Widak l NurPhoto via Getty ImagesThe Thai baht, once the strongest-performing currency in Asia before the pandemic, has been steadily falling in 2021 and is this year's worst-hit currency in the region,…

The U.S. and China flags stand behind a microphone awaiting the arrival of then-U.S. Senator John McCain for a press conference at the U.S. Embassy in Beijing on April 9, 2009.Frederic J. Brown | AFP | Getty ImagesBEIJING — Another…

24K-Production | iStock Editorial | Getty ImagesThe crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices.Because the IRS classifies digital currencies like bitcoin as property,…

Nicolas Economou/NurPhoto via Getty ImagesFor Matthew Roed, Social Security is looking a lot less promising than the money he's stashed away in his BitcoinIRA.Roed is a registered nurse living in Golden Valley, Minnesota, and he says he's…

Actor Adrian Grenier of "Entourage" believes that fiat currencies like the U.S. dollar are on the way out, and bitcoin is poised to take their spot. While Grenier is the first to admit that he's not a crypto expert, the actor does have a…

Indian start-up Lenskart plans to go public within the next three years, CEO and founder Peyush Bansal told CNBC on Friday.The company, which sells eyewear online and via retail outlets, this week announced it received $220 million in…

Zomato food delivery partners is seen on a road in Kolkata , India.Debarchan Chatterjee | NurPhoto | Getty ImagesShares of Indian food delivery start-up Zomato jumped more than 70% in their stock market debut Friday.The initial public…