US could ease Venezuela sanctions, allow Chevron to pump oil: WSJ
Biden administration preparing to ease sanctions if Caracas takes steps towards restoring democracy, report says.
Category Archives: Economy
Vietnam eyes China’s tech crown as firms tire of ‘zero COVID’
Apple, Google, and Samsung are among the tech giants expanding operations in the fast-growing Southeast Asian country.
New Zealand’s central bank lifts interest rate to 7-year high
Reserve Bank of New Zealand raises the benchmark rate by half a percentage point in fifth straight outsized hike.
Australia breaks with global trend to slow interest rate hikes
Reserve Bank of Australia lifts key rate by 0.25 percentage point in nod to uncertain global economic outlook.
Samsung says to triple advanced chip production by 2027
World's No 2 foundry sees strong demand for chips used in high-performance computers and artificial intelligence.
IMF to consider $1.3bn in emergency funding for Ukraine
Sources say Ukraine has received sufficient financial assurances from partners to meet IMF's debt sustainability rules.
One year in, Japanese PM’s ‘new capitalism’ faces old complaints
Japanese leader's signature economic strategy has been criticised for lacking concrete details or targets.
Japan’s business mood worsens for third straight quarter
Bank of Japan survey shows worsening business sentiment amid rising costs, plummeting yen and COVID-19 pandemic.
Singapore tightens property curbs to cool demand
City-state tightens lending limits for housing loans in response to rise in interest rates.
South Korea’s factory output falls in warning for global economy
Asia’s fourth-largest economy sees industrial output shrink a worse-than-expected 1.8 percent in August.
South Korean President Yoon vows to deal with economic shocks
South Korean leader's remarks come after country's government bond market sees sharps fluctuations.
Taiwan announces end of quarantine for travellers from October
Self-ruled island is among the last economies to reopen to the world after shutting its borders to keep out COVID-19.
Australia tells Optus to pay cost of replacing hacked IDs
Government minister says telecom should pay cost of replacing millions of customers' passports and driver's licences.
Is a global recession coming? More experts are raising the alarm
Figures including the head of World Trade Organization and Paul Krugman are expressing concern about economic outlook.
World Bank slashes economic outlook for Asia over China slowdown
The Washington-based lender expects the region to grow 3.2 percent in 2022, down from a 5 percent forecast in April.
Why is the British pound tanking as the US dollar soars?
Sharp fluctuations of major currencies inject new uncertainty into fraught global economic outlook.
Bank of Japan keeps ultra-low rates despite US Fed tightening
BOJ sticks to global outlier status as central banks elsewhere hike interest rates to tame inflation.
Taiwan to drop quarantine for arrivals by mid-October
East Asian economy is one of the few remaining places still requiring visitors to quarantine.
Hong Kong raises benchmark interest rate to 14-year high
Financial hub’s de facto central bank lifts key rate to 3.5 percent after latest rate hike in the United States.
US, South Korea exchange ‘frank views’ amid EV subsidies dispute
Tensions over economic issues come as South Korean President Yoon Suk-yeol makes first US trip.