Breaking News: Asia
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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China’s imports unexpectedly drop in June, but exports conquer forecasts
PIctured right here is the Qianwen container terminal in the port town of Qingdao, Shangdong, China on July 11, 2024. Cfoto | Future Publishing | Getty Visuals BEIJING — China’s imports fell in June, missing expectations for slight expansion, even though exports grew much more than predicted, customs knowledge launched Friday showed. China’s imports fell […]
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Samsung launches the Galaxy Ring — a first-of-its-kind product for the tech giant
The Samsung Galaxy Ring has the ability to track various health metrics such as heart rate. It is Samsung’s first foray into the smart ring category of product as it hopes to keep users locked into its ecosystem of devices from smartwatches to smartphones. Arjun Kharpal | CNBC PARIS — Samsung launched the Galaxy Ring […]
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China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer […]
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India’s Modi to meet up with Putin in Moscow as the two sides request to forge deeper ties
Russian President Vladimir Putin talking to Indian Key Minister Narendra Modi for the duration of their meeting at Taj Unique Resort on October, 15, 2016 in Benaulim, Goa, India. Mikhail Svetlov | Getty Visuals Information | Getty Photos India’s Key Minister Narendra Modi is set to fulfill President Vladimir Putin in Moscow on Monday, marking […]
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U.S. regulation business Dechert considering shuttering places of work in Hong Kong, Beijing, Reuters reports citing sources
U.S.–founded law company Dechert is thinking of closing its workplaces in Hong Kong and Beijing, turning out to be the most current foreign firm to scale again in Better China, two men and women reported, amid a prolonged money market place downturn and escalating Sino-U.S. tensions. Nurphoto | Nurphoto | Getty Photos U.S.-started law firm Dechert is […]
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Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan kept its benchmark interest rate unchanged on Friday, […]
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European Union announces larger tariffs of up to 38% on Chinese EVs
Employees get the job done on the assembly line of new power autos at a manufacturing facility of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | Visible China Group | Getty Visuals The European Union on Wednesday reported it would slap increased tariffs on Chinese electrical […]
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India stocks steady after massive declines as investors digest election results; broader Asia markets mixed
Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | Reuters Asia-Pacific markets were mixed on Wednesday, with stocks in India stabilizing after a heavy sell-off in the previous session as investors assessed India’s election results. The Nifty 50 index edged […]
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Modi’s alliance set for narrower-than-expected victory in India’s election
India’s Prime Minister Narendra Modi displays his inked marked finger after casting his ballot at a polling booth at Ranip, Ahmedabad on May 7, 2024. Sajjad Hussain | Afp | Getty Images The Bharatiya Janata Party-led National Democratic Alliance was set to come to power in India again, according to the Election Commission of India […]
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