Australia’s business conditions surge, stoking inflation fears
National Australia Bank’s index of business conditions doubles amid strong retail sales and labour conditions.
Category Archives: Economy
Far from Ukraine, Indonesia’s poor can’t get cooking oil
Indonesia is facing shortages as the Ukraine war and other factors send palm oil prices soaring.
Asia on course for strong growth despite Ukraine risks: ADB
Manila-based bank forecasts region's developing economies to grow 5.2 percent in 2022 and 5.3 percent in 2023.
Australia’s central bank opens door to first rate hike since 2010
Reserve Bank of Australia's surprise comments send Australian dollar to nine-month highs.
World Bank cuts Asia’s 2022 growth outlook on Ukraine war
Washington-based lender forecasts five percent growth for the region this year, down from 5.4 percent in October.
South Korea’s inflation hits decade high as supply snags bite
Consumer price index rises to 4.1 percent in March compared with a year earlier.
China to cut tariffs for New Zealand wood, paper
China has eliminated or reduced tariffs on 75 wood and paper tariff lines for New Zealand products since 2008.
Tesla to resume production in Shanghai from April 4, sources say
Production has been halted since March 28 as authorities implement a two-stage lockdown in city.
Australia, India sign trade deal in virtual ceremony
Australian prime minister says deal represents 'one of the biggest economic doors there is to open in the world today'.
India starts supplying rice to Sri Lanka in first major food aid
The island nation is struggling to pay for essential imports after a 70 percent drop in foreign exchange reserves.
Huawei CFO Meng Wanzhou named chairwoman in rotating role
Meng will act as company's top leader and head board of directors for six months when it is her turn.
US curbs exports to more Russian and Belarusian companies
Move by Washington is latest measure aimed at punishing Moscow over its invasion of Ukraine.
Taiwan’s ‘silicon shield’: Why island may not be the next Ukraine
Self-ruled island's dominance in semiconductors is seen by some analysts as a deterrent against an invasion by Beijing.
Crowdfunding a capital: Indonesia’s unusual pitch raises eyebrows
Unorthodox proposal comes after Japan’s SoftBank opts not to invest in project estimated to cost $32bn.
Shareholders at troubled Toshiba vote down spin-off plan
Separate activist shareholder-backed motion to solicit buyout offers also fails to gain sufficient support.
Singapore to end quarantine for vaccinated arrivals
Move comes as more Asia-Pacific countries ease border restrictions.
Russian regulator blocks Google News over “inauthentic” war info
Ban comes after Google said it would not help platforms sell ads alongside content that condones conflict in Ukraine.
US judge rules in favour of China’s ZTE, ending probation
Ruling comes on the final day of the company's probation for illegally shipping US technology to Iran and North Korea.
China Eastern faces losses, regulatory scrutiny after fatal crash
Disaster comes as China's airline sector is struggling to recover from the COVID-19 pandemic.
Russia labels Facebook parent company Meta ‘extremist’
The ban on Meta’s activity will not affect the company’s WhatsApp messenger service, says Russian court.