New Zealand central bank warns NAB unit on money laundering
Reserve Bank of New Zealand says bank did not report accurate locations for 50,000 transactions between 2018 and 2020.
Category Archives: Economy
Casino hub Macau locks down landmark hotel amid COVID surge
Restrictions come as former Portuguese colony sticks to China's "zero-COVID" policy aimed at eradicating infections.
South Korea’s inflation hits 24-year high
Consumer price index grew 6 percent in June, fanning expectations of a big rate hike by the central bank.
Chinese-Canadian tycoon who vanished set for trial, embassy says
Billionaire Xiao Jianhua went missing in Hong Kong in 2017.
China’s eateries eye JD.com’s delivery plans with anxiety, hope
Chinese tech giant has floated prospect of entering lucrative market currently dominated by Meituan and Ele.me.
Asia shares cautious as Wall St futures slide
US dollar remains near 20-year highs as investors continue to seek out safe havens.
As China tightens grip, Hong Kong’s luster as ‘world city’ dims
Tens of thousands of residents are exiting the former British colony as Beijing reshapes life in the city.
Philippines’ infrastructure woes in focus as Marcos takes reins
Archipelago has for decades struggled to provide adequate infrastructure to serve the needs of its 110 million people.
Biden eyes China with memorandum to combat illegal fishing
Move comes as Washington steps up engagement with Asia to counter China's growing influence.
Governments, firms make new bet on green hydrogen as climate fix
The number of green hydrogen projects worldwide has increased more than three-fold in less than a year.
Australian activists file bid to stop gas project over reef fears
Conservationists say Woodside Energy's project would harm the Great Barrier Reef through global warming.
Kishida critics seize on weak yen in Japan upper house election
Japanese prime minister defends ultra-loose monetary policy during campaigning for the July 10 vote.
Democrats in Congress ‘optimistic’ chips deal can happen soon
$52bn bipartisan deal would subsidise US semiconductor manufacturing to boost competitiveness with Chinese technology.
Bitcoin holds above $20,000 after week of forced crypto selling
Bitcoin rises as much as 1.6 percent in Asia in a tentative sign of recovery from last week’s rout.
After China row, Australia eyes Southeast Asia as ally in trade
Prime Minister Anthony Albanese has pledged to deepen economic engagement with region amid tensions with Beijing.
Bitcoin’s struggle to hold $20,000 keeps crypto market on edge
Largest cryptocurrency falls as much as 4.8 percent in Asia as a period of volatility continues.
Chinese gambling hub Macau shuts businesses for COVID testing
Mass testing comes after dozens of locally transmitted cases were discovered in the former Portuguese colony.
South Korea passes $49.5bn extra budget ahead of local elections
Supplementary budget will fund support for small businesses and self-employed people affected by pandemic restrictions.
Fiji to join Biden’s economic framework aimed at countering China
White House says island nation will become the 14th member of the Indo-Pacific Economic Framework for Prosperity.
China’s industrial profit falls sharply in April amid COVID curbs
Profits shrink 8.5 percent from a year earlier as lockdowns squeeze margins and disrupt factory activity.