China cuts lending benchmarks to revive stuttering economy
Moves come after economy unexpectedly slowed in July and global investment banks cut growth forecasts.
Category Archives: Economy
Israeli spyware company NSO Group CEO steps down
Surveillance firm is embroiled in legal action after allegations that its tools have been used to target dissidents.
Chinese-Canadian billionaire Xiao sentenced to 13 years in prison
Shanghai court says tycoon Xiao Jianhua carried out corrupt practices including bribery and the illegal use of funds.
Myanmar to import Russian oil amid supply concerns, military says
Southeast Asian country has maintained friendly ties with Russia amid Western sanctions and isolation.
Suspected Chinese hackers spied on gov’ts, NGOs, media: Report
Cybersecurity firm says Amnesty International and Taiwan's ruling party among organisations targeted in campaign.
US and Taiwan announce trade talks amid tensions with China
Officials say US-Taiwan Initiative on 21st-Century Trade will build "fairer, more prosperous and resilient" economy.
‘Reasonable to conclude’ forced labour in China: UN expert
Special rapporteur on slavery says some abuses in Xinjiang could amount to "crime against humanity".
New Zealand central bank hikes rates, signals aggressive stance
Reserve Bank of New Zealand unveils seventh straight hike, lifting benchmark rate to 3 percent.
China’s premier urges pro-growth policies as economy sputters
Li Keqiang calls on provinces to bolster growth after consumption and output fall short of expectations.
Russia ministry says economic slump less severe than feared
Economy ministry says gross domestic product to shrink 4.2 percent this year amid sanctions over the war in Ukraine.
Hong Kong’s CBD industry faces wipeout as government ban looms
CBD products have become popular in recent years among Hong Kongers seeking relief from anxiety, depression and stress.
South Korea plans to provide 2.7 million new homes over 5 years
Government says it will supply 500,000 homes in the Seoul area over five-year period.
Australia, New Zealand deny ‘rumours’ of meat ban to China
Response comes after Chinese media reports imports could be suspended over foot-and-mouth disease concerns.
Japan’s economy rebounds from COVID, growing 2.2 percent in Q2
Growth driven by rise in private consumption following the lifting of pandemic curbs in March.
South Korea’s SK Hynix to launch US chip plant in 2023: Sources
New facility seen helping United States compete with China in crucial semiconductor sector.
Malaysian economy smashes forecasts, growing 8.9 percent in Q2
Southeast Asian country continues strong pandemic recovery after reopening its borders in April.
Samsung pardon exposes Koreans’ love-hate feelings for tycoons
Lee Jae-yong is the latest in a long list of South Korean business elites to receive clemency after white-collar crimes.
‘China’s Hawaii’ promised escape. Tourists got lockdowns instead
Some 178,000 tourists are reportedly stranded in Hainan as the resort island battles its worst COVID outbreak yet.
Ex-Arm boss exits Chinese chipmaker amid US-China tensions
Tudor Brown steps down from board of Semiconductor Manufacturing International Corporation after nine-year run.
Singapore downgrades growth outlook as Q2 GDP misses forecasts
City state's economy grew 4.4 percent year-on-year in the second quarter, less than official estimates.