Breaking News: Asia
Japan second-quarter GDP beats expectations, expands 0.8% from previous quarter
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Japan’s second-quarter gross domestic product beat analysts’ expectations on Thursday, both on a quarter-on-quarter as well as an annualized basis. GDP rose 0.8% quarter on quarter compared […]
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Chinese tech giant Tencent’s quarterly profit jumps 82% as key gaming unit accelerates
Tencent showed off its tech at the 2023 World Artificial Intelligence Conference in Shanghai, July 8, 2023. Nurphoto | Nurphoto | Getty Images Tencent beat second-quarter top and bottom line estimates as growth in its key gaming division accelerated. Here’s how Tencent did in the June quarter against LSEG consensus estimates: Revenue: 161.12 billion Chinese […]
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Japan Prime Minister Fumio Kishida will not run for party reelection
Japanese Prime Minister Fumio Kishida attends a State Department luncheon held in his honor in Washington, U.S., April 11, 2024. Craig Hudson | Reuters Japan’s Prime Minister Fumio Kishida announced Wednesday he will not be running in the Liberal Democratic Party presidential election due next month. Kishida said in a press conference that it is […]
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China’s consumer prices pick up more than expected in July, up by 0.5%
China’s retail sales grew by 2% in June from a year ago. Data for July is due out Thurs. Aug. 15. Pictured here is a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images BEIJING — China’s consumer prices rose by a more-than-expected 0.5% in July from a year […]
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SoftBank swings back to gains at Vision Fund tech arm, announces up to $3.4 billion share buyback
Workers on the stage as they prepare for a SoftBank Group Corp. news conference in Tokyo, Japan, on Thursday, June 27, 2024. Toru Hanai | Bloomberg | Getty Images SoftBank Group booked a 1.9 billion yen ($12.9 million) investment gain on its Vision Fund tech investment arm in the company’s fiscal first quarter ended in […]
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China’s exports miss expectations in July, while imports pick up with growth of 7.2%
Cargo ships loaded with cars and containers for export are departing at the port of Yantai in Yantai, China, on July 31, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday. Exports in U.S. dollar terms […]
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Nintendo profit plunges 55% as sales of its ageing Switch console fall sharply
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo revenue and profit plunged in the company’s fiscal first quarter, as sales of the ageing Switch console decline. Here’s how Nintendo did in its fiscal […]
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Bank of Japan raises benchmark interest rate, outlines roadmap for trimming bond buying program
The Bank of Japan headquarters (top C) is seen in Tokyo on December 19, 2023. Kazuhiro Nogi | Afp | Getty Images Japan’s central bank has raised its benchmark interest rate to “around 0.25%” from it previous range of 0% to 0.1% and outlined its plan to taper its bond buying program. But the Bank […]
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China calls for bolstering tech ‘breakthroughs’ and achieving the full-year growth target
People walk around the Tiananmen Gate in Beijing on May 15, 2024. Hector Retamal | AFP | Getty Images BEIJING — China’s leaders doubled down on boosting domestic technology in a high-level meeting called the Third Plenum that ended Thursday, according to a state media readout. China must “adapt to the new round of scientific […]
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China reports second-quarter GDP growth of 4.7%, missing expectations
Key Points China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7%. That’s slower than the 5.3% year-on-year GDP increase in the first quarter. Retail sales for June missed expectations, while industrial production figures beat. Source
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