Asia Economy
Asia-Pacific markets rebound as Wall Street rallies overnight; Australia rate decision on tap
A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020. David Gray | Bloomberg | Getty Images Asia-Pacific markets rebounded on Tuesday as Wall Street surged overnight, with investors awaiting the Reserve Bank of Australia’s interest […]
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Chinese official slams EU probe into EV subsidies as ‘selective’
Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official […]
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Australia’s Albanese, China’s Li hold ‘candid’ talks
China’s Premier Li Qiang (L) and Australia’s Prime Minister Anthony Albanese shake hands during a signing ceremony at Parliament House in Canberra on June 17, 2024. Lukas Coch | AFP | Getty Images Australia’s Prime Minister Anthony Albanese and Chinese Premier Li Qiang met on Monday in the first visit to the country by a […]
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Malaysia is emerging as a data center powerhouse amid booming demand from AI
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images Malaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial intelligence. Over the past few years, the country has attracted billions of dollars […]
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Asia-Pacific markets set for lower open ahead of key China data
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images Asia-Pacific markets are set to open lower on Monday as the region looks to key economic data out from China. The world’s second-largest economy will release May numbers for its […]
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In pictures: India records ‘longest’ heatwave, Delhi faces water crisis
People filling water in plastic cans from a water supply tanker at Chanakyapuri, Delhi on June 12, 2024. Hindustan Times | Hindustan Times | Getty Images India’s capital Delhi is facing a severe water crisis as the country undergoes its “longest spell” of recorded heatwave. According to India’s Meteorological Department, temperatures in some parts of […]
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China needs bond market reforms to rein in soaring debt, S&P Global says
The aerial view shows residential buildings under construction in Hangzhou, China on March 15, 2024. STR | AFP | Getty Images China needs bond market reforms as soaring debt poses significant longer-term risk to the country, according to S&P Global. Despite the government’s efforts, debt levels remain very high even as nominal GDP growth has […]
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Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan kept its benchmark interest rate unchanged on Friday, […]
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Asia-Pacific markets range bound ahead of Bank of Japan rate decision
The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were largely range bound on Friday ahead of the Bank of Japan’s rate decision. Economists polled by Reuters expect the BOJ will maintain its benchmark interest rate at […]
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Hong Kong wants residents to smile more but experts warn prices and competition are bigger issues for tourism
Guests posing for a group photo at the “Let’s Go the Extra Mile” hospitality campaign launch ceremony at the Central Government Office in Hong Kong on June 3, 2024. Nurphoto | Nurphoto | Getty Images Hong Kong is asking service workers to be more courteous and smile in a bid to win back tourists. But […]
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