Asia Economy
Asia-Pacific markets poised to climb after Fed rate cut; China’s NPC in focus
People visit a riverside in front of the Lujiazui financial district, during the National People’s Congress (NPC) in Shanghai, China, March 7, 2023. Aly Song | Reuters Asia-Pacific markets were set to climb on Tuesday, after the U.S. Federal Reserve cut interest rates by 25 basis points and major U.S. indexes continued their postelection rally. […]
Read MoreWhat Trump’s historic election victory means for the global economy
A worker is making textile export orders at a production workshop of a textile enterprise in Binzhou, China, on July 8, 2024. Nurphoto | Nurphoto | Getty Images Donald Trump’s election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have […]
Read MoreChina October exports record highest jump in 19 months, imports decline more than expected
A cargo ship is sailing towards the docking of a foreign trade container terminal in Qingdao Port, Shandong province, in Qingdao, China, on June 7, 2024. Costfoto | Nurphoto | Getty Images China’s exports in October rose at their fastest pace in 19 months, sharply beating analysts’ estimates, according to data from the country’s customs […]
Read MoreToyota posts nearly 20% drop in second-quarter operating profit, missing estimates
A Toyota bZ Compact SUV is pictured after a briefing on EV (electric vehicle) battery strategies at the companys showroom in Tokyo on December 14, 2021. Behrouz Mehri | Afp | Getty Images Japanese automaker Toyota Motor on Wednesday reported its first quarterly operating profit drop in about two years, as it strives to navigate […]
Read MoreAsia-Pacific markets to open mostly higher after Wall Street rallies ahead of U.S. election results
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets were set to open mostly higher Wednesday after Wall Street surged overnight ahead of the U.S. presidential election results. […]
Read MoreChina consumer slowdown weighs on U.S. earnings again
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and […]
Read MoreAsia-Pacific markets trade mixed as investors eye Fed and RBA rate decision
The Sydney Opera House Sydney, New South Wales, Australia. Gallo Images | Brand X Pictures | Getty Images Asia-Pacific markets traded mixed on Tuesday as investors prepared for the U.S. presidential election and a possible interest rate cut from the Federal Reserve later this week. Japan’s Nikkei 225 added 0.68% in its first hour of […]
Read MoreAmbani’s Reliance Jio IPO set for 2025, retail debut much later, sources say
Mukesh D. Ambani, chairman of Reliance Industries Ltd., attends the Ajay Mushran Memorial Lecture in New Delhi, India, on Sunday, July 10, 2011. Pankaj Nangia | Bloomberg | Getty Images Indian billionaire Mukesh Ambani targets a 2025 Mumbai listing for his telecom business Jio, valued by analysts at over $100 billion, and plans to launch […]
Read MoreIndia central bank well-equipped for post-U.S. election volatility, Reuters reports
A sign for the Reserve Bank of India (RBI) sign is displayed inside central bank’s headquarters in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week’s U.S. presidential election, two sources familiar with […]
Read MoreAsia markets poised to open mixed as investors gear up for U.S. elections, China parliament meeting
BEIJNG, CHINA – NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Asia-Pacific markets were set to open mixed Monday as investors gear up for a busy week that includes […]
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