Breaking News: Asia
Asia-Pacific markets set to open lower as U.S. bombing of Iran escalates Middle East crisis
Oil prices have spiked in recent weeks following the increased tensions in the Middle East. Source
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Asia-Pacific markets trade mixed as investors assess China data, escalating Israel-Iran tensions
Anshun bridge reflecting in the Jinjiang river at dusk in Chengdu, Sichuan Province, China. © Philippe Lejeanvre | Moment Open | Getty Images Asia-Pacific markets traded mixed Friday as investors assessed China data and monitored escalating tensions between Israel and Iran. U.S. President Donald Trump is now weighing on whether to back the Israeli military […]
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China expectedly keeps key lending rates steady after May cut
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images China expectedly kept its benchmark lending rates unchanged Friday, following the sweeping monetary easing measures rolled out last month to boost growth. The People’s Bank of China held the 1-year loan prime rate at 3.0% and […]
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Rice prices more than double in May as Japan core inflation jumps to highest levels since 2023
A worker handles sacks of brown rice at a Shinmei Co. plant in Kawaguchi, Saitama Prefecture, Japan, on Tuesday, Sept. 24, 2024. Bags of rice are expected to start filling the shelves of Japan’s supermarkets again soon as farmers harvest their new crop, though the increase in supply will do little to tame higher prices. […]
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Bank of Japan to slow cuts to government bond purchases from April next year as growth risks loom
A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty Images Japan’s central bank on Tuesday said it would slow the cuts to government bond purchases from April next year, while it also held the benchmark rate at 0.5% amid rising […]
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Asia-Pacific markets trade mixed as investors assess Israel-Iran conflict; BOJ stands pat on rates
Sunset at Shinjuku , Tokyo – Japan. Xavierarnau | E+ | Getty Images Asia-Pacific markets traded mixed Tuesday, as investors assessed the Israel-Iran conflict after U.S. President Donald Trump urged “everyone” to immediately evacuate Tehran. The president subsequently left the Group of Seven summit a day earlier due to the Middle East crisis. Fitch Ratings […]
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China May retail sales grow at fastest pace since December 2023; industrial output misses expectations
Key Points Retail sales jumped 6.4% from a year earlier in May, sharply beating analysts’ estimates for a 5% growth in a Reuters poll and accelerating from the 5.1% growth in the previous month. Growth in industrial output slowed to 5.8% year-on-year in May, slightly weaker than analysts’ expectations for a 5.9% rise. The urban […]
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Asia-Pacific markets set to open subdued as Israel-Iran tensions dent investor sentiment
Beijing Central Business District, mix of offices and apartments Ispyfriend | E+ | Getty Images Asia-Pacific markets were set to open subdued Monday, as the escalating Israel-Iran tensions weigh down investors’ sentiment. Oil prices jumped as Israel and Iran exchanged strikes, while gold prices rallied, as investors sought refuge in the safe haven metal with […]
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India’s headline inflation eases to cooler-than-expected 2.82% in May as food prices slide
People buying vegetables at a local market in Noida, Uttar Pradesh on August 22, 2023. (Photo by Chandradeep Kumar/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images India’s consumer inflation eased to a cooler-than-expected 2.82% in May, the country’s Ministry of Statistics and Programme […]
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Air India Boeing 787 bound for London with 242 aboard crashes after takeoff in India
An Air India Boeing 787-8 Dreamliner. Sopa Images | Lightrocket | Getty Images An Air India Boeing Dreamliner plane with 242 passengers and crew aboard crashed shortly after takeoff from Ahmedabad in western India, local officials and the carrier said Thursday. “The injured are being taken to the nearest hospitals,” Air India said in a […]
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