Asia Economy
Biden stands by comment that Xi is a ‘dictator’ hrs just after their initially meeting in a calendar year
WOODSIDE, CALIFORNIA – NOVEMBER 15: U.S. President Joe Biden provides remarks at a information meeting at the Filoli Estate on November 15, 2023 in Woodside, California. The information conference follows a conference amongst Biden and Chinese President Xi Jinping for the duration of the Asia-Pacific Financial Cooperation (APEC) Leaders’ week, their initial due to the […]
Read More
Asia markets mixed as buyers digest Biden-Xi conference
Folks are reflected in a glass though on the lookout at digital boards exhibiting stock details at the Australian Securities Exchange. Brendon Thorne | Bloomberg | Getty Visuals Asia-Pacific marketplaces were being combined Thursday as buyers digested large-degree discussions among U.S. President Joe Biden and Chinese President Xi Jinping, while it was remaining to be witnessed if optimism […]
Read More
Japan’s economic system shrinks much far more than anticipated in third quarter
Watch of Mount Fuji and the Tokyo skyline at dusk. Yongyuan | E+ | Getty Photos Japan’s overall economy shrank at its fastest annualized quarterly tempo in two years in the July-September period, provisional governing administration information showed Wednesday, as increasing domestic inflation weighed on customer demand from customers, adding to export woes as demand […]
Read More
Apple supplier Foxconn posts surprise 11% jump in third-quarter profit
Hon Hai Group’s headquarters, in Taipei, Taiwan, 15 July 2021. Ceng Shou Yi | Nurphoto | Getty Images Apple iPhone supplier Foxconn, officially known as Hon Hai, on Tuesday reported third-quarter profit rose 11.27% from a year ago, beating analysts’ expectations despite an ongoing consumer electronics slump. Here are Foxconn’s results for the quarter ended September versus […]
Read More
Best Boeing exec says 2023 will be the ‘year of widebody orders’ with far more promotions to occur
A Boeing 777x is displayed for the duration of the Global Paris Air Present at the ParisLe Bourget Airport, on June 20, 2023. Geoffroy Van Der Hasselt | AFP | Getty Visuals Boeing Professional Airplanes CEO Stan Offer suggests 2023 has been a 12 months of orders for widebody aircraft with the U.S. manufacturer expecting […]
Read More
Asia markets get started week on strong footing Biden-Xi talks awaited
CNBC Pro: This EV battery stock has prospective double-digit gains forward Electric powered vehicle batteries decide how inexpensive the vehicles are, and how considerably they can push on a solitary charge. 1 Chinese organization has captured a considerable share of that essential sector. It truly is the most significant stock by industry capitalization in the […]
Read More
The Biden-Xi summit could be the last probability to stabilize U.S.-China marriage: Op-ed
The forthcoming Xi-Biden summit on the sidelines of the Asia Pacific Economic Conference (APEC), formally declared by the White Property on Friday early morning, will be a crucial juncture in the intricate relationship in between the United States and China. Presently, this relationship faces extra challenges than it has encountered in the previous two decades. […]
Read More
Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Chinese low-cost retailer Temu is dominating app stores in Japan and South Korea in its category, dethroning rival Shein after its successful expansion in Western markets. “Temu […]
Read More
Asia markets ease after Powell comments
Oil settles slightly higher after sell-off this week Oil settled slightly higher on Thursday but still hovered at three-months lows after a sell-off this week triggered by worries that demand is softening. Brent crude contracts for January edged up 47 cents, or .59%, to $80.01 per barrel, while West Texas Intermediate contracts for December ticked […]
Read More
Laos is spiraling towards a personal debt crisis as China looms huge
A pedestrians at a bus station in Vientiane, Laos, on Saturday, June 24, 2023. Valeria Mongelli | Bloomberg | Getty Photographs An alarming financial debt disaster has unfolded in Laos in the latest yrs, elevating concerns about the little nation’s obligation to its most significant creditor — China. China became the most significant foreign trader […]
Read More