Asia Economy
Asia markets set for higher open, breaking ranks with Wall Street’s declines on renewed U.S.-China trade feud
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were set to open higher Wednesday, breaking ranks with Wall Street’s declines after U.S. and China exchanged blows in a renewed trade feud. U.S. President Donald Trump […]
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China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean, sending shares down 8%
A hull section that will be sent to the final assembly base is loaded onto a semi-submersible vessel at Hanwha Marine Engineering (Shandong) Co LTD in Yantai, China, on September 16, 2024. Costfoto | Nurphoto | Getty Images Shares of South Korean shipbuilder Hanwha Ocean fell more than 8% Tuesday after China sanctioned five of […]
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PayPay valuation could exceed $20 billion in planned December U.S. IPO, sources say: Reuters
Investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank 9984.T prepares for an initial public offering of the Japanese payments app operator in the United States as early as December, according to two sources. Sopa Images | Lightrocket | Getty Images Investors expect the valuation of PayPay could exceed 3 trillion yen ($20 billion) as SoftBank prepares for an initial public offering of the Japanese payments app […]
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Tata Electronics acquires Chinese iPhone supplier Justech’s India unit for about $100 million, sources say
Key Points Tata Electronics has acquired Chinese industrial firm Justech Precision’s India unit for close to $100 million, according to two people familiar with the matter. Tata Electronics has sought to expand iPhone manufacturing capacity as Apple reportedly aims to make all of the iPhones for the U.S. market in India by end-2026. Apple is […]
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Coffee and ‘chili crab’ ice cream: How luxury fashion brands are capturing Asian consumers
A corduroy Ralph Lauren letter jacket at the brand’s store in Singapore retails for around $900 Singapore dollars ($693). But a vanilla latte in its cafe? A comparative steal at SG$9. From Ralph Lauren to Coach, Louis Vuitton, Dior and Prada, clothing and luxury brands are opening stores in Asia to connect with consumers who […]
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Asia-Pacific markets trade mixed as China port fees on U.S. ships set to kick in
SHANGHAI, CHINA – JUNE 08: Aerial view of skyscrapers standing at the Lujiazui Financial District at sunrise on June 8, 2022 in Shanghai, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets traded mixed Tuesday, breaking ranks with Wall Street that soared after U.S. President Donald Trump softened his stance on China. Following […]
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China September exports beat expectations, imports rise at fastest pace since April 2024
A cargo ship carries foreign trade containers on the Jiaozhou Bay waterway in Qingdao, Shandong Province, China, on August 5, 2025. Costfoto | Nurphoto | Getty Images China’s exports climbed at the fastest pace in six months in September, while imports logged their strongest gain in more than a year, even as a trade deal […]
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Asia-Pacific markets set to open lower, tracking Wall Street losses
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets were set to open lower Friday, tracking Wall Street declines as investors assess the state of the economy. Japan’s benchmark Nikkei 225 index was […]
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Will Takaichi’s ‘Abenomics’ weaken the yen and raise the ire of Trump?
The late Shinzo Abe (L) and Sanae Takaichi (R) at a science and technology innovation conference in Tokyo on October 22, 2014. Toshifumi Kitamura | Afp | Getty Images For years, U.S. President Donald Trump has accused Japan of engaging in “unfair trade practices” — a criticism that dates back to his days as a […]
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SoftBank shares soar 13% after it agrees to buy ABB robotics unit for $5.4 billion
Shares of SoftBank jumped as much as 13% Thursday, hours after the Japanese giant announced a deal to buy the robotics division of Swiss engineering firm ABB for $5.4 billion, further advancing SoftBank’s AI footprint. The deal, which is subject to regulatory approval globally, means ABB will no longer look to spin off its robotics business as […]
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