Breaking News: Asia
Japan exports rise more than expected in October, rebounding from 43-month low
A line of trucks parked outside a shipping terminal in Yokohama, Japan, on Monday, Dec. 4, 2023. Bloomberg | Bloomberg | Getty Images Japan’s exports posted a 3.1% rise in October compared to a year ago, rebounding from a fall in September that marked a 43-month low. The climb beat expectations of a 2.2% rise […]
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China expectedly keeps benchmark lending rates steady as Beijing assesses stimulus measures
The People’s Bank of China (PBOC) building in Beijing on Dec. 15, 2022. Bloomberg | Getty Images China’s central bank on Wednesday kept major benchmark lending rates unchanged, as Beijing assesses the effects of its recent stimulus measures. The People’s Bank of China said it would keep the 1-year loan prime rate at 3.1%, and […]
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Asia markets open mostly higher as investors assess Japan trade data, await China lending rates
The People’s Bank of China (PBOC) building in Beijing, China, on Friday, Nov. 8, 2024. Bloomberg | Getty Images Asia-Pacific markets opened mostly higher Wednesday, following a mixed day on Wall Street amid mounting geopolitical tensions between Ukraine and Russia. Investors assessed October trade data out of Japan. Export growth came in at 3.1% year […]
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China’s top financial officials set to speak at Hong Kong summit
GUANGZHOU, CHINA – APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Ken Ishii | Getty Images News | Getty Images Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global […]
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Samsung shares climb more than 7% after surprise $7 billion buyback plan
A Samsung Group flag flutters in front of the company’s Seocho building in Seoul. Sopa Images | Lightrocket | Getty Images Shares of Samsung Electronics jumped on Monday after the company unveiled a surprise plan to buy back about 10 trillion South Korean won ($7.19 billion) worth of its own stock over the next 12 […]
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Asia markets poised to open mixed as investors await China LPR, Japan inflation data this week
View of the central business district skyline at sunset in Beijing, China. Sheng Peng | Visual China Group | Getty Images Asia-Pacific stocks were set to open mixed Monday as markets kickstart what ING calls a “quiet” week for economic data from the region. Key data this week from the region will include China’s loan […]
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Alibaba shares rise 3% in premarket after Chinese tech giant posts 58% jump in profit
Alibaba Offices In Beijing Bloomberg | Bloomberg | Getty Images Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, citing an acceleration in growth in its cloud business unit. Net income came in 43.9 billion Chinese yuan ($6.07 billion), compared with a LSEG outlook of 25.83 billion yuan. Revenue reached 236.5 […]
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Asia markets mixed as investors assess China economic data and Japan GDP after Wall Street falls
A view of the night scenery in Shanghai, China S3studio | Getty Images Entertainment | Getty Images Asia markets were mixed Friday as Wall Street fell after U.S. Federal Reserve Chair Jerome Powell indicated the central bank was in no rush to cut rates, with investors also assessing China and Japan economic data. Speaking in […]
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Japan GDP expands by 0.3% in third quarter, snapping two quarters of year-on-year declines
Skyline of Tokyo, Japan. Jackyenjoyphotography | Moment | Getty Images Japan’s third-quarter real gross domestic product expanded 0.3% year on year, snapping two straight quarters of year-on-year decline, according to government data released Friday. The GDP reading marked a reversal from the revised 1.1% decline seen in the second quarter. The data comes against the […]
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China set to report retail sales and industrial production data for October
Key Points Retail sales in October were forecast to have picked up to 3.8% year-on-year growth, according to analysts polled by Reuters, after rising by 3.2% in September. Industrial production was expected to have risen by 5.6%. Fixed-asset investment, reported on a year-to-date basis, was anticipated to post 3.5% growth from a year ago. Source
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