Asia Economy
China’s central bank governor says stable yuan key to global financial stability
Pan Gongsheng, governor of the People’s Bank of China (PBOC), during the Asian Financial Forum in Hong Kong, China, on Monday, Jan. 13, 2025. Lam Yik | Bloomberg | Getty Images China’s central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue […]
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Singapore is set to deliver its first budget under its new prime minister. Here’s what to expect
Lawrence Wong, Singapore’s then deputy prime minister and finance minister, speaking during the Milken Institute Asia Summit in Singapore, on Sept. 13, 2023. Wong, now the country’s prime minister, is due to deliver the budget on Feb. 18. Bloomberg | Bloomberg | Getty Images Singapore is gearing up for its first budget under Prime Minister […]
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Singapore’s annual GDP expands at fastest pace since 2021, lifted by trade, finance and manufacturing sectors
An undated photography of a night view of the Singapore skyline from the Marina Barrage. Calvin Chan Wai Meng | Moment | Getty Images Singapore’s GDP expanded by 4.4% in 2024, marking its fastest growth since 2021, government data showed Friday, getting a boost from wholesale trade, finance and insurance, and manufacturing sectors. The economy […]
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U.S. and India aim to more than double bilateral trade to $500 billion in five years, Prime Minister Modi says
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | Reuters India and the U.S. will work to more than double bilateral trade to $500 billion by 2030, Indian Prime Minister Narendra Modi said at a joint press conference […]
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Asia markets rise after Wall Street gains overnight; Singapore logs faster-than-expected GDP growth
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets rose Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately. Australia’s S&P/ASX 200 started […]
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Honda and Nissan end merger talks, say they will continue to ‘collaborate’
The Nissan logo appears on a smartphone screen, and in the background, the Honda Motor Company logo is visible in this illustration photo in Reno, United States, on December 26, 2024. Jaques Silva | Nurphoto | Getty Images Japanese automakers Honda and Nissan said Thursday they would terminate merger talks, ending speculation over the fate […]
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Asia-Pacific markets trade higher after Wall Street declines on inflation fears
Tokyo, Japan skyline with the Tokyo Tower Chunyip Wong | E+ | Getty Images Asia-Pacific markets traded higher Thursday, breaking ranks with Wall Street that fell overnight as a stronger-than-expected U.S. inflation reading diminished prospects of policy easing by the U.S. Federal Reserve. Australia’s S&P/ASX 200 rose 0.26%. Japan’s Nikkei 225 rose 1.1% while the […]
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India’s inflation falls for third straight month to 4.31% in January, making case for further monetary easing
India’s central bank held its key interest rate for a seventh straight policy meeting on Friday as growth in the economy is expected to remain robust while inflation stays above the 4% target. Bloomberg | Bloomberg | Getty Images India’s headline inflation dipped year-on-year for a third straight month to 4.31% in January, providing more […]
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Japan requests US to exclude Japan from steel and aluminum tariffs
Muto Yoji, Japan’s minister of economy, trade and industry. Toshifumi Kitamura | Afp | Getty Images Japan industry minister Yoji Muto said on Wednesday the nation has requested that the United States exempt Japan from steel and aluminum tariffs. U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% “without exceptions or exemptions,” saying they would aid struggling industries in […]
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Asia-Pacific markets trade mixed after Fed’s Powell signals no urgency to lower rates
Yusuf Gandhi | 500Px | Getty Images Asia-Pacific markets opened mixed Wednesday after Federal Reserve Chair Jerome Powell signaled there was no urgency to cut rates. Powell on Tuesday re-emphasized the central bank’s focus on curbing inflation and signaled that policymakers were not in a rush to push interest rates lower. Australia’s S&P/ASX 200 traded […]
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