Breaking News: Asia
Asia markets rise after Wall Street slides overnight
Anek S | 500px Plus | Getty Images Asia-Pacific markets rose Thursday, breaking ranks with Wall Street which declined sharply after U.S. Federal Reserve Chair Jerome Powell cautioned that the ongoing trade tensions could challenge the central bank’s goals of controlling inflation and spurring growth. Japan’s benchmark Nikkei 225 was up 0.48% in early trade, […]
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China replaces top international trade negotiator as talks with Washington stall
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images China on Wednesday appointed Li Chenggang as vice minister of commerce and a top representative for international trade negotiation, according to an official statement, replacing Wang Shouwen. The appointment makes Li, 58, […]
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China’s first-quarter GDP tops estimates at 5.4% as growth momentum continues amid tariff worries
Dongsanhuan Ring Road, CBD, Beijing, China. Xiaoyang Liu/Construction Photography/Avalon | Getty Images China’s economy expanded by a better-than-expected 5.4% in the first quarter, maintaining a strong momentum, even as U.S. tariff threats prompt major investment banks to slash the country’s annual growth outlook. The first-quarter GDP topped Reuters’ poll expectations for a 5.1% growth year […]
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Singapore dissolves parliament ahead of general election
Tourists near Singapore’s Merlion statue on August 14, 2024. Suhaimi Abdullah | Nurphoto | Getty Images Singapore President Tharman Shamugaratnam on Tuesday dissolved the city-state’s parliament, paving the way for a general election. This was done on the advice on Prime Minister Lawrence Wong. A release by the prime minister’s office stated that Nomination Day […]
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Asia-Pacific markets mostly rise after tech rally pushes Wall Street higher
The view of Nanjing Road East Pedestrian Mall, the main shopping street in Shanghai. Bruce Yuanyue Bi | The Image Bank | Getty Images Asia-Pacific markets mostly rose Tuesday after all three key benchmarks on Wall Street rose on a tech rally. Japan’s benchmark Nikkei 225 started the day 1.12% higher, while the broader Topix […]
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Singapore sees zero growth as a possibility this year as it cuts GDP outlook on tariff worries
View of MAS building, Singapore Lee Yen Nee Singapore on Monday eased its monetary policy for the second straight time, as the city-state sees zero growth this year as a possibility after posting a lower-than-expected GDP expansion of 3.8% for the first quarter. The Monetary Authority of Singapore had eased its policy stance in its […]
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China exports skyrocket over 12% in March while imports extend declines as trade war worsens
A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023. CFOTO | Future Publishing | Getty Images China’s exports jumped more than expected in March as businesses frontloaded outbound shipments to avoid prohibitive U.S. tariffs, while imports extended declines as sluggish domestic demand persisted. […]
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Asia-Pacific markets set to climb after Trump pauses tariffs on consumer electronics
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images Asia-Pacific markets were set to climb Monday as U.S. President Donald Trump paused tariffs on some consumer electronics, boosting risk sentiment. Trump exempted smartphones and computers as well as other devices and components such as semiconductors from his new “reciprocal” tariffs, […]
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China strikes back with 125% tariffs on U.S. goods, starting April 12
U.S. and Chinese flags and a “125% tariffs” label are seen in this illustration taken April 10, 2025. Dado Ruvic | Reuters China has retaliated against the U.S. President Donald Trump’s reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, Customs Tariff Commission of the State Council said in a statement on Friday. […]
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China consumer prices drop 0.1% in March signaling rising deflationary pressures
A customer selects vegetables at a supermarket in Mengzi City, southwest China’s Yunnan Province, Feb. 9, 2025. Xinhua News Agency | Xinhua News Agency | Getty Images Consumer prices in China slid 0.1% year on year in March, remaining in deflationary territory after having contracted 0.7% in February. Economists polled by Reuters had expected a […]
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