Asia Economy
Singapore’s F1 race boosts tourism to the island — and other parts of Asia-Pacific
From $62,000 hotel suites to race packages with six-figure price tags, the Singapore Grand Prix is a windfall for businesses near the Marina Bay track. But the money isn’t staying in Singapore. Data shows travelers are also spending across Asia before and after the three-day Formula One race, which begins Friday. Flight bookings analyzed by […]
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South Korea’s Kospi hits record high as Samsung and SK Hynix soar on OpenAI partnership
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s Kospi index jumped more than 3% Thursday to hit an all-time high, lifted by gains in heavyweight Samsung Electronics and SK Hynix. Shares in Samsung Electronics and SK Hynix, which announced a partnership with OpenAI late Wednesday to supply memory chips, rose over […]
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The Trump crypto firm is planning expansion, from tokenized commodities to debit cards
Donald Trump Jr., co-founder of World Liberty Financial, during at the Token2049 conference in Singapore, on Wednesday, Oct. 1, 2025. Bloomberg | Bloomberg | Getty Images SINGAPORE — World Liberty Financial, a crypto venture linked to U.S. President Donald Trump, is planning to launch new products, including a debit card and tokenized commodity assets, as […]
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Asia markets set to track Wall Street gains ahead of a potential U.S. government shutdown
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were set to open higher Wednesday, following gains on Wall Street ahead of a potential U.S. government shutdown as lawmakers continue to wrangle over […]
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Australia keeps policy rate steady at 3.6% as inflation worries loom
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a press conference in Sydney, Australia, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank expectedly held benchmark policy rates at 3.6% on Tuesday as inflation in the country stays at its highest level in more than a […]
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China manufacturing activity picks up in September — official PMI still in contraction
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images China’s official gauge for manufacturing activity showed a smaller-than-expected contraction in September as Beijing intensified its efforts aimed at curbing industrial […]
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Asia-Pacific markets set to open higher; Reserve Bank of Australia decision in spotlight
Waterfront city skyline of Sydney city downtown at night with bright illumination of modern architectural landmarks in Sydney, Australia. Prasit Photo | Moment | Getty Images Asia-Pacific markets were set to open higher Tuesday with focus on the Reserve Bank of Australia’s interest rate decision later in the day. The RBA is expected to hold […]
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China’s industrial profits rebounded sharply in August. Here’s what powered that growth
Employees work on photovoltaic cell modules, used in solar panels, at a factory which produces the modules for export to the US and Europe, in Lianyungang, in China’s eastern Jiangsu province on September 26, 2025. Afp | Getty Images China’s industrial profits soared in August as Beijing pressed ahead with efforts to rein in excess […]
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Asia markets trade mixed; Australia central bank starts two-day policy meeting
Sydney Opera House, designed by Danish architect Mr Jorn Oberg Utzon, at first light as the sun rises over Sydney harbor and city center skyscrapers. Ucg | Universal Images Group | Getty Images Asia-Pacific markets traded mixed Monday, while the Reserve Bank of Australia will kickstart its two-day policy meeting where it is expected to […]
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Trump’s H-1B visa fee could have one big winner: The Middle East
People walk on Creek Harbour as the Dubai skyline with Burj Khalifa, the world’s largest building (C) is seen in the background on February 5, 2025. Fadel Senna | Afp | Getty Images The Middle East could emerge as the major beneficiary of U.S. President Donald Trump’s plan for higher H-1B visa fees. The Gulf region’s […]
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