Asia Economy
Asia-Pacific shares rise forward of U.S. midterm elections, extra financial facts ahead
A man appears to be like at an electric quotation board exhibiting the Nikkei crucial index of the Tokyo Stock Exchange in Tokyo. Kazuhiro Hogi | AFP | Getty Photographs Shares in the Asia-Pacific rose early Monday as traders digest the newest U.S. work opportunities report and look ahead to the midterm elections. The Nikkei […]
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China posts 6-month substantial Covid rely as it sticks with strategy
A overall health employee wears a protecting suit in the vicinity of a tests booth as outbreaks of coronavirus sickness (COVID-19) continue on in Beijing, China, Oct. 23, 2022. Thomas Peter | Reuters China on Sunday reported its highest selection of new Covid-19 bacterial infections in six months, a working day soon after well being […]
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Germany’s dependence on China is ‘overblown,’ but critical items diversification needs to enhance: EU Chamber of Commerce
The major European company representative in China downplayed problems about Germany’s economic reliance on China as German Chancellor Olaf Scholz helps make his maiden in-particular person check out to Beijing. President of the EU Chamber of Commerce in China Joerg Wuttke told CNBC’s “Squawk Box Asia” on Friday that a lot of of Germany’s imports […]
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Hong Kong Rugby Sevens is back. Rugby union says demand is high despite Covid measures
The Hong Kong Rugby Sevens tournament kicks off Friday for the first time since Covid-19 hit. While the city’s pandemic regulations remain strict, Chris Brooke, chairman of the Hong Kong Rugby Union, claimed demand to attend the event remains high. “I think people are looking forward to a fun weekend. Those restrictions are there but […]
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AirAsia X on strong footing, Capital A to benefit as economy tightens, CEO Tony Fernandes says
Tony Fernandes, chief executive officer of Capital A. Chris Ratcliffe | Bloomberg | Getty Images Despite soaring oil prices and weakening currencies, the outlook for aviation remains positive due to “extremely strong” demand, said Tony Fernandes, CEO of AirAsia parent company Capital A. “We’re looking to add 20 more aircraft to the fleet for the […]
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OCBC profit jumps 31%, rounding up history quarter for Singapore banks
The signage of Oversea-Chinese Banking Corp. (OCBC) at OCBC Centre in Singapore, on Wednesday, Aug. 3, 2022. Edwin Koo | Bloomberg | Getty Visuals Southeast Asia’s second-premier lender Oversea-Chinese Banking Corp (OCBC) joined its Singapore friends in beating marketplace estimates and pumping out record quarterly profits as financial institutions rake it in on larger fascination costs. […]
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Australia central lender cuts advancement outlook, costs want to increase to awesome pink-incredibly hot inflation
A gentleman strolling previous the Reserve Financial institution of Australia in the central enterprise district of Sydney on June 7, 2022. The Financial institution of Queensland is “quite bullish” about Australia’s “incredibly robust economic climate,” though others are more careful. Muhammad Farooq | Afp | Getty Images Australia’s central bank on Friday downgraded the outlook […]
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Taiwan, U.S. to hold in human being trade talks upcoming 7 days
Flags of the United States and Taiwan shown on phone screens are witnessed in this multiple exposure illustration photo taken in Poland on August 4, 2022. Jakub Porzycki | Nurphoto | Getty Photos Taiwan and the United States will keep in-human being trade talks up coming week in New York underneath a new joint initiative […]
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Barclays cuts China GDP outlook after forecasting U.S., Europe economic downturn
China’s export progress has slowed in modern months following surging throughout the height of the pandemic globally. Pictured below is a wind turbine blade staying loaded on to a cargo ship at Yantai Port on Nov.1, 2022. Vcg | Visual China Group | Getty Pictures BEIJING — Barclays slice its forecast for China’s economic growth […]
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Asia markets slip in advance of U.S. positions report
Pedestrians cross a street in front of the Tokyo Inventory Exchange (TSE), operated by Japan Exchange Team Inc. (JPX), in Tokyo, Japan, on Thursday, Oct. 29, 2020. Kiyoshi Ota | Bloomberg via Getty Photographs Asia-Pacific markets opened reduce on Friday as marketplaces continued to process the U.S. Federal Reserve’s 75 basis point fascination rate hike. […]
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