Asia Economy
Hong Kong central bank cuts interest rate, tracks Fed move
People wearing face masks walk by the Hong Kong Monetary Authority on March 4, 2020 in Hong Kong. The Hong Kong Monetary Authority bought HK$1.586 billion ($202 million) from the market on Thursday to stop the local currency weakening and breaking its peg to the U.S. dollar, the de-facto central bank’s first intervention in 18 […]
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Asia-Pacific markets open higher as investors digest outsized Fed rate cut
The Bank of Japan headquarters is seen in Tokyo on January 30, 2017. The Bank of Japan will pull the plug on its eight-year negative interest rate policy in April, according to more than 80% of economists polled by Reuters, marking a long-awaited major shift from a global outlier central bank. Kazuhiro Nogi | Afp | […]
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Asia-Pacific markets mostly rise as investors await Federal Reserve’s rate decision
Vehicles bound for shipment parked in front of the Dream Angel vehicles carrier ship at the Nagoya Port in Nagoya, Japan, on Tuesday, June 18, 2024. Fred Mery | Bloomberg | Getty Images Asia-Pacific markets were mixed Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors […]
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Japan faces labor shortages and demographic crisis as elderly population hits record high
People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Japan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed […]
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Japan’s exports slow sharply, machinery orders shrink in blow to economic recovery
Employees work at an Asahi Tekko Co. factory in Hekinan, Aichi Prefecture, Japan, on Wednesday, Aug. 1, 2018. Bloomberg | Bloomberg | Getty Images Japan’s export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a […]
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Asia-Pacific markets trade mixed as investors look ahead to Fed meeting
Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Bernd von Jutrczenka | Picture Alliance | Getty Images Most Asia-Pacific markets were mixed Tuesday, following a mixed trading session on Wall Street as investors prepare for the Federal […]
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India’s central bank chief plays down fears of a deposit crunch
Despite widespread bullishness on India, with its stock market highs and healthy bank balance sheets, a shortage of deposits is causing some uneasiness in the country’s financial sector. Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion […]
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China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty Images SINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s […]
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India can achieve sustainable growth of up to 8% in the coming years, central bank chief says
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor. His comments come shortly after data showed India’s gross domestic product slowed […]
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Asia-Pacific markets set to open mixed after China’s downbeat economic data
Joggers in Shanghai, China, on April 10, 2021. Qilai Shen | Bloomberg | Getty Images Asian markets were set to open mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays. Investors also await the Federal Reserve’s policy meeting on Tuesday and […]
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