Breaking News: Asia
Australia’s central bank cuts interest rate for the first time in more than four years
Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows […]
Read More
Asia markets open mixed as investors assess Chinese President Xi’s comments in a meeting with top executives
Australia, New South Wales, Sydney Scott E Barbour | The Image Bank | Getty Images Asia-Pacific markets were set to open mixed Tuesday, a day after Chinese President Xi Jinping signaled support to the country’s private sector and urged businesses to “show their “talents.” Australia’s S&P/ASX 200 was down 0.43%, ahead of the Reserve Bank […]
Read More
Singapore court finds opposition party leader guilty of lying to parliament
Pritam Singh, leader of Singapore’s main opposition Workers’ Party, arrives at its State Courts on Monday, Feb. 17, 2025. Lionel Ng | Bloomberg | Getty Images A court in Singapore on Monday found opposition Workers’ Party leader Pritam Singh guilty of two counts of lying to parliament, a verdict that could see him barred from contesting a general election this year. Singh had pleaded not guilty and his sentencing was due […]
Read More
China’s Xi Jinping speaks to entrepreneurs in a rare high-profile meeting amid economic headwinds
BEIJING, CHINA – FEBRUARY 6: Chinese President Xi Jinping (C) speaks during a bilateral meeting with Brunei Sultan Hassanal Bolkiah (not pictured) at the Great Hall of the People on February 6, 2025 in Beijing, China. Andres Martinez Casares | Getty Images News | Getty Images Chinese President Xi Jinping delivered a speech at a […]
Read More
Japan’s economy expands 0.7% in fourth quarter as exports rise sharply; full-year growth slows
Commercial and residential buildings at dusk in the Minato district of Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economic expansion in the fourth quarter beat analysts’ expectations for quarter-on-quarter and annualized growth, boosted by a jump in exports, preliminary government data showed Monday. GDP grew 0.7% quarter on quarter, more than the 0.3% […]
Read More
Singapore’s annual GDP expands at fastest pace since 2021, lifted by trade, finance and manufacturing sectors
An undated photography of a night view of the Singapore skyline from the Marina Barrage. Calvin Chan Wai Meng | Moment | Getty Images Singapore’s GDP expanded by 4.4% in 2024, marking its fastest growth since 2021, government data showed Friday, getting a boost from wholesale trade, finance and insurance, and manufacturing sectors. The economy […]
Read More
Asia markets rise after Wall Street gains overnight; Singapore logs faster-than-expected GDP growth
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets rose Friday, tracking Wall Street gains overnight as President Donald Trump signed a reciprocal tariffs plans, but did not enact the levies on them immediately. Australia’s S&P/ASX 200 started […]
Read More
Trump reciprocal tariffs could come by Thursday, White House says
U.S. President Donald Trump looks on, as he signs executive orders in the Oval Office of the White House in Washington, U.S., Feb. 10, 2025. Kevin Lamarque | Reuters President Donald Trump could announce his reciprocal tariff plan before he meets with Indian Prime Minister Narendra Modi on Thursday, the White House said Wednesday. “I […]
Read More
India’s inflation falls for third straight month to 4.31% in January, making case for further monetary easing
India’s central bank held its key interest rate for a seventh straight policy meeting on Friday as growth in the economy is expected to remain robust while inflation stays above the 4% target. Bloomberg | Bloomberg | Getty Images India’s headline inflation dipped year-on-year for a third straight month to 4.31% in January, providing more […]
Read More
Asia-Pacific markets fall as tariff worries dent investor sentiment
Dukai Photographer | Moment | Getty Images Asia-Pacific markets fell Monday, tracking U.S. stocks futures that were lower ahead of key economic data, with escalating trade tensions denting investor sentiment. U.S. President Donald Trump told reporters Sunday that he was planning to announce a blanket 25% tariff on all steel and aluminum imports on Monday, […]
Read More