Asia Economy
South Korea vows support for biopharmaceutical, auto sectors over US tariffs
Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by […]
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Chinese businesses stick to diversifying away from the U.S. despite trade truce, survey shows
Vessels carrying shipping containers sail near Kwai Tsing Container Terminal in Hong Kong, China, April 23, 2025. Tyrone Siu | Reuters The intense trade war with the U.S. has left lasting scars on Chinese exporters with many looking to diversify away from the U.S., despite the temporary tariff reprieves, a private survey found. Based on […]
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Australia cuts policy rate to 2-year low as inflation concerns continue to recede
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank cut its policy rate by 25 basis points to the lowest in two years as inflation concerns in […]
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China cuts benchmark lending rates for the first time in 7 months in Beijing’s growth push
A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty Images China cut its key lending rates by 10 basis points on Tuesday, as a stronger yuan and easing trade tensions […]
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Asia-Pacific markets rise as investors eye Reserve Bank of Australia and China loan prime rate decisions
Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia. Prasit Photo | Moment | Getty Images Asia-Pacific markets climbed Tuesday as investors look toward the Reserve Bank of Australia’s policy rate decision, as well as the listing of the world’s largest battery manufacturer Contemporary Amperex Technology. […]
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Chinese exporters are offering sweet deals to U.S. businesses. They often come wrapped in fraud
China Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, U.S., May 12, 2025. Carlos Barria | Reuters Chinese exporters are offering lucrative deals to U.S. customers with promises of bearing the full burden of tariffs. Look beneath and there’s a web of […]
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Japan’s Ishiba rules out tax cuts funded by debt issuance
Japan’s prime minister, Shigeru Ishiba. Bloomberg | Bloomberg | Getty Images Japan will not resort to tax cuts funded by additional debt issuance, Prime Minister Shigeru Ishiba said on Monday, pushing back against political pressure to loosen fiscal policy ahead of an upper house election slated for July. “Japan is seeing interest rates turn positive and its fiscal state is not good,” Ishiba told parliament, […]
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China calls U.S. trade talks ‘good’ but quiet on next steps, as Trump hints at Xi call
U.S. Secretary of the Treasury Scott Bessent, China’s Vice Minister of Finance Liao Min, U.S. Trade Representative Jamieson Greer, and China’s International Trade Representative and Vice Minister of Commerce Li Chenggang, meet on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters […]
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Japan assets saw record inflows in April as investors fled U.S. markets — their promise still holds
A man walks past an electronic board showing the Nikkei 225 index on the Tokyo Stock Exchange along a street in Tokyo on April 7, 2025. Kazuhiro Nogi | Afp | Getty Images Japan saw record foreign inflows into its equities and long-term bonds in April as investors fled U.S. markets following President Donald Trump’s […]
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Japan’s economy contracts by a more than expected 0.2% from prior three months as exports fall
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy shrank for the first time in a year, contracting 0.2% in the March quarter as exports declined sharply, preliminary government data showed Friday. The gross domestic product data was poorer compared to the 0.1% […]
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