Australia’s central bank raises benchmark rate for fourth month
Reserve Bank of Australia lifts cash rate by half a percentage point to 1.85 percent.
Category Archives: Economy
Asian markets rattled by tensions over Pelosi’s Taiwan visit
Indexes in China, Hong Kong, Taiwan, Japan, South Korea and Australia dip ahead of expected trip.
Hong Kong slips into second recession since 2019 mass protests
International financial hub's economy shrinks 1.4 percent in the second quarter, after previous 3.9 percent decline.
South Korea’s prices soar to near quarter-century high
Inflation hits 6.3 percent in July, the highest rate since November 1998.
New Zealand fully reopens borders, marking end of COVID controls
The South Pacific country began easing its tough border regime in February.
China drops reference to economic growth target amid COVID fight
Ruling Communist Party drops previous calls to reach 5.5 percent growth this year.
Samsung Electronics reports 12 percent profit rise in Q2
South Korean tech giant reports record quarterly profit for key semiconductor business.
Australia’s prices rise at fastest pace in over two decades
Inflation rises to 6.1 percent in second quarter amid expectations of further interest rate hikes.
North Korea’s economy shrinks for second straight year: BOK
GDP shrinks an estimated 0.1 percent as border closures and lockdowns hinder industrial activity and trade with China.
China seeking to infiltrate US Fed, senior Republican claims
Ohio Senator Rob Portman says Chinese authorities detained Fed employee in Shanghai and copied their contact details.
Asia goes nuclear as climate, Ukraine banish memory of Fukushima
China, Japan, South Korea, India and Pakistan are betting on nuclear power amid climate crisis, energy security fears.
Biden to hold virtual talks with head of South Korea’s SK Group
White House says virtual meeting will focus on investments in American manufacturing and jobs.
China’s Alibaba eyes dual primary listing in Hong Kong
Move would see Alibaba become the first large company with primary listings in both New York and Hong Kong.
South Korea’s economy beats growth forecasts
Asia's fourth-largest economy grew 2.9 percent year-on-year in the second quarter.
HSBC insists Communist party branches have ‘no influence’
Statement comes after media reports that a CCP committee was established at one of the bank’s units.
In Indonesia, dog meat business booms despite welfare concerns
About 7 percent of Indonesia's 270 million people are estimated to consume dog meat.
Japan’s inflation stays above central bank target for 3rd month
Bank of Japan is keeping ultra-low interest rates in place even as global peers tighten policy to cool rising prices.
South Korean prosecutors raid crypto exchanges amid Luna probe
Authorities carry out searches after investors accuse co-founders of blockchain platform Terraform Labs of fraud.
China investors call it quits as Xi, ‘zero COVID’ sap confidence
Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.
Asia’s economic growth outlook slashed on China, Ukraine fears
Asian Development Bank forecasts region's developing economies to grow 4.6 percent in 2022 amid worsening conditions.