CHINA

The move was met with strong criticism from the Chinese side, further straining the sensitive relationship between the two sides.

Beijing claims most of the South China Sea, through which more than $5 trillion in global trade passes every year.

But amid limited resources and market uncertainties, it remained to be seen how many countries can heed the IMF and World Bank’s advice.

In the wake of controversy stirred by the so-called Panama Papers, the G-20 threatened to penalize tax haven countries that do not comply with new information-sharing efforts.

Friday’s move marks the first time Hong Kong Disneyland has laid off employees on a large scale since it opened in 2005.

About 69 percent of the 25,901 Chinese private funds registered as of March end were reportedly zombie companies that did not offer any investment products.

Sources said the deal for 36 French Rafale fighter jets will be set at around $9 billion.

The league hopes a new mobile app for the Chinese market will help expand its fan base there, David Shoemaker, CEO of NBA China, told IBT.

The bank's profit decline is the biggest among big U.S. banks that have reported first-quarter results so far.

The U.S. dollar consolidated its weekly gains, and investors awaited a meeting between oil-producing nations to be held in Doha, Qatar, on Sunday.

The Department of Justice charged Szuhsiung Ho, a Chinese-born naturalized U.S. citizen, of acting as an agent of a foreign government.

The Philippines and the U.S. have begun joint patrols in the South China Sea, Defense Secretary Ashton Carter said Thursday.

The three-day meeting, which begins Friday, comes at a time when risks to global economic growth have intensified.

South Korean sources suspect the rocket to be a Musudan missile, also known as BM-25, which experts believe was designed to put the mainland United States within range.

A first-quarter rise of 6.7 percent was the weakest since 2009 — but analysts see signs of stabilization ahead.

NASA and the State Department seem to be the least prepared to handle data breaches, a risk firm's report said.

As its economy and population expand, Asia’s third-biggest economy could soon replace China as the main driver of global demand for petroleum.

The drills were performed by 5,500 U.S. and Philippine soldiers amid a growing territorial dispute, and China’s assertiveness, in the region.

In the three-month period ending March 31, the world’s second-largest economy is estimated to have grown at a relatively sluggish pace of 6.7 percent.

Asian stocks surged Thursday while European stock markets opened lower as investors tracked a dip in crude oil prices.

North Korea said that South Korea “cooked up” the report about 13 workers defecting to Seoul and warned of serious consequences if they were not returned immediately.