Asia Economy
Asia-Pacific stocks rise as investors await Beijing-Washington trade meeting and China data
China Shenzhen Real444 | E+ | Getty Images Asian markets climbed Monday as investors awaited trade talks between the U.S. and China later in the day, following accusations between the two over breaching deal terms agreed in Geneva last month. Trade tensions are seemingly easing as China has reportedly granted temporary approvals for the export […]
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Japan trade negotiator Akazawa says he made progress in U.S. tariff talks
Ryosei Akazawa, Japan’s economic revitalization minster, speaks to members of the media at the Japanese embassy in Washington, DC, US, on Friday, May 30, 2025. Bloomberg | Bloomberg | Getty Images Japan had made some progress in a fifth round of trade talks with U.S. officials aimed at ending tariffs that are hurting Japan’s economy, […]
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Trump says China’s Xi agreed to let rare earth minerals flow to U.S.
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to New Jersey, U.S., June 6, 2025. Nathan Howard | Reuters U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world’s biggest economies. Asked […]
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The world could be facing another ‘China shock,’ but it comes with a silver-lining
Singapore-based online grocery retailer Webuy staff is offloading containers filled with goods shipped from China. SINGAPORE — Vincent Xue runs an online grocery retail business, offering fresh produce, canned food, packaged easy-to-cook ingredients to cost-conscious local consumers in Singapore. Xue’s Nasdaq-listed Webuy Global sources primarily from suppliers in China. Since late last year, one third […]
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India’s central bank beats market expectations to deliver outsized rate cut of 50 points
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024. Indranil Aditya | Nurphoto | Getty Images India’s central bank delivered an outsized cut to its benchmark policy rate, bringing it to 5.5% from 6%, its lowest level since August […]
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Citi plans to slash 3,500 tech roles in China as global banks cut costs
HONG KONG, CHINA – 2024/06/07: Pedestrians walk past the American multinational investment bank, Citibank or Citi, branch in Hong Kong. Sebastian Ng | Lightrocket | Getty Images Citigroup said Thursday it plans to cut around 3,500 technology positions in China, in the latest move by a major U.S. bank aimed at streamlining global operations and […]
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South Korea stocks extend post-election gains, hover near 10-month high amid mixed Asia markets
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty […]
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Australia’s first-quarter economic growth stays flat at 1.3%, missing estimates
Sydney Harbour and the skyline of the central business district (CBD) in Sydney, Australia, on Tuesday, April 29, 2025. Bloomberg | Bloomberg | Getty Images Australia’s economy grew less than expected in the first quarter this year, the Australian Bureau of Statistics said in a statement Wednesday, as growth stalled amid the simmering global trade […]
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Asia-Pacific markets set to open mostly higher after tech rally lifts Wall Street
Landscape of Songdo International City. Incheon, South Korea. Photograph By Kangheewan. | Moment | Getty Images Asia-Pacific markets were set to open mostly higher Wednesday after Wall Street rose on the back of a tech rally, led by chipmaker Nvidia. Shares in the artificial intelligence darling advanced nearly 3%, extending Monday’s gains and driving Nvidia’s […]
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U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
Old Navy and Gap retail stores are seen as people walk through Times Square in New York City on April 9, 2025. Angela Weiss | Afp | Getty Images Economic growth forecasts for the U.S. and globally were cut further by the Organisation for Economic Co-operation and Development as President Donald Trump’s tariff turmoil weighs […]
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