Breaking News: Asia
Seven & i to replace CEO in May, list North American subsidiary in second half of 2026
A customer is seen inside a 7-Eleven convenience store along a street in central Tokyo on September 9, 2024. Richard A. Brooks | Afp | Getty Images Seven & i Holdings, the parent of 7-Eleven, said Thursday it will replace CEO Ryuichi Isaka with lead independent outside director Stephen Dacus, making a foreigner the top […]
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China to raise defense spending by 7.2% in 2025 to ‘firmly safeguard’ national security
China’s navy showed off its J-15T fighter jet at the 2024 Zhuhai Air Show on Nov. 12, 2024. Nurphoto | Nurphoto | Getty Images China on Wednesday increased its defense spending by 7.2% this year, the same growth rate as in the prior two years, as Beijing seeks to “firmly safeguard” its national security. In […]
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China boosts budget deficit target to ‘around 4%’ of gross domestic product in a rare move
Key Points The new deficit plan, which is up from 3% last year, comes amid an escalating trade war with U.S. President Donald Trump’s administration. An increase to 4% of GDP had been widely expected. It marks the highest fiscal deficit on record going back to 2010, according to data accessed via Wind Information. The […]
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China reportedly targets around 5% GDP growth in 2025 amid trade war worries
An aerial view of a new city district in southern China’s Nanning city on Feb. 28, 2025. Nurphoto | Nurphoto | Getty Images China on Wednesday set its GDP growth target for 2025 at around 5% as it starts its annual parliamentary meeting amid escalating trade tensions with the U.S. Beijing raised its budget deficit […]
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Asia-Pacific markets set to track Wall Street declines as Trump tariffs dent sentiment
China World Trade Center. Dukai Photographer | Moment Open | Getty Images Asia-Pacific markets were set to fall Tuesday, tracking Wall Street declines overnight after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Japan’s benchmark Nikkei 225 was set to open lower, with the […]
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China’s February factory activity expands at fastest pace in three months, private survey finds
Workers weld acid batteries at the Leoch International Technology Ltd. factory in Saltillo, Coahuila, Mexico, on Monday, Oct. 7, 2024. Mauricio Palos | Bloomberg | Getty Images China’s factory activity expanded its its fastest pace in three months to 50.8 in February, a private-sector survey showed on Monday, as millions of migrant workers returned to […]
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China’s largest bubble tea chain Mixue soars 28% on Hong Kong trading debut
The Snow King mascot on a cup at a Mixue store in Beijing, China, on Thursday, Feb. 27, 2025. Bloomberg | Bloomberg | Getty Images Shares of China’s largest bubble tea chain Mixue jumped 28% on its market debut after a heavily oversubscribed initial public offering. The company had priced its initial public offering at […]
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Asia-Pacific markets rise as investors await clarity on Trump’s tariff plans
Main Bazar, Paharganj known for its concentration of hotels, lodges, restaurants, dhabas and a wide variety of shops catering to both domestic travellers and foreign tourists, especially backpackers and low-budget travellers. Hadynyah | E+ | Getty Images Asia-Pacific markets rose Monday as investors awaited clarity on U.S. President Donald Trump’s plans to impose impose tariffs […]
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Seven & i shares plunge over 12% as management buyout falls through
Seven & i private branded cooked meals at a 7-Eleven convenience store, operated by Seven & i Holdings Co., in Tokyo, Japan, on Thursday, Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images Shares of Japan’s Seven & i Holdings plunged as much as 12.44% Thursday after the company said the founding family had failed […]
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Asia markets mostly higher as key Wall Street benchmarks rise amid fresh Trump tariff threats
The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were mostly higher Thursday, after key Wall Street indexes rose amid fresh tariff threats from U.S. President Donald Trump. Australia’s S&P/ASX 200 traded 0.37% higher at the open. Japan’s Nikkei 225 rose 0.32% […]
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