Japan's government agreed on Friday to remove South Korea from a so-called white list of favored export partners, defying warnings from Seoul that the move would have "grave consequences" for security ties between the US allies.

Earlier US tariffs enacted in President Donald Trump's trade war with China have dealt only a glancing blow to consumers, but those announced Thursday are different.

Asian markets fell on Thursday, tracking losses on Wall Street, after the US Federal Reserve cut rates for the first time in more than a decade but failed to offer a clear signal on future easing.

Tokyo stocks closed lower on Wednesday with investors discouraged by US President Donald Trump's negative tweets on China as the world's two biggest economies resumed trade talks.

Chinese and US negotiators held talks in Shanghai Wednesday in a bid to bring an end to a year-long trade war, with the meeting overshadowed by a Twitter tirade from President Donald Trump.

Washington and Beijing have so far hit each other with punitive tariffs covering more than $360 billion in two-way trade in a row centred on demands for China to curb the alleged theft of American technology and provide a level playing field to US companies.

Stock markets on both sides of the Atlantic fell on Tuesday after U.S. President Donald Trump lashed out at Beijing just as trade talks resumed, dealers said.

U.S. President Donald Trump on Tuesday called on the Federal Reserve to cut the benchmark interest rate significantly, moments before the central bank was due to open its two-day policy meeting.

Germany's constitutional court on Tuesday ruled that the European Union's so-called banking union with shared supervision and liquidation structures for major lenders was in line with national and EU law.

US and Chinese negotiators meet in Shanghai on Tuesday to resurrect trade talks between the world's two biggest economies, with both sides downplaying expectations of an imminent deal.

Ride-hailing giant Grab is investing $2 billion in Indonesia over the next five years, using funds from Japan's SoftBank Group to boost its presence in Southeast Asia's biggest economy, the firms said Monday.