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.
Category Archives: Economy
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.
Hong Kong has lost aviation hub status, airline body head says
International Air Transport Association head says China's pandemic policies have 'devastated' former British colony.
Tencent Music shares debut on Hong Kong stock exchange
Firm is latest US-listed Chinese firm to opt for a second listing to offset the threat of being delisted in New York.
‘Risks loom large’: Asian Development Bank cuts growth forecast
Manila-based development bank lowers the growth forecast for 2022 from 5.2 percent to 4.3 percent.
‘Ideology trumping economy’: EU body warns firms souring on China
European Union Chamber of Commerce says companies increasingly view China as “less predictable, reliable and efficient”.
South Korean president’s first US visit clouded by EV subsidy row
Yoon Suk-yeol is expected to raise concerns over US subsidies rules during summit with US President Joe Biden.
India’s central bank could unveil 0.5% hike: Morgan Stanley
Financial services giant says inflation and global trends raise possibility Reserve Bank of India will front-load hikes.
Taiwan’s amateur fact-checkers wage war on fake news from China
Taiwanese civil society organisations are working to combat misinformation instead of leaving the job to the government.
New Zealand central bank says working with partners on climate
Reserve Bank of New Zealand governor Adrian Orr says 'climate impacts' are already being felt.
China’s prices rise slower than expected amid weak demand
Consumer price index increases 2.5 percent from the same month a year earlier.
US sanctions firms over alleged use of Iranian drones in Ukraine
US Treasury Department unveils sanctions against four firms over alleged role in supplying Russia with Iranian drones.