Stocks, futures drop amid China, inflation concerns
Stocks and US equity futures decline as a jump in energy costs again highlights inflation concerns.
Category Archives: Economy
China’s growth beats forecasts, but COVID, Ukraine risks grow
Stronger-than-expected figures cover only a small period of ongoing ultra-strict lockdown in Shanghai.
Japan’s struggling tourism sector despairs at lack of COVID exit
Japan is increasingly an outlier in a region that is lifting border restrictions and reviving quarantine-free travel.
After COVID isolation, Australia struggles to bring students back
Australian universities face huge losses as international students look elsewhere to study despite reopened borders.
For Taiwan tourism, frustration as island misses global reopening
Self-ruled island’s continuing isolation makes it a rare holdout in a region that has largely abandoned border controls.
Singapore, Korea lead Asian central banks’ attack on inflation
Asian economies join Canada and New Zealand in raising interest rates amid soaring inflation worldwide.
Despite lofty goals, China’s leaders sound anxious about economy
Beijing's draconian 'dynamic zero-COVID' policies and global uncertainties cast doubt on 5.5 percent growth target.
South Korea’s autoworkers support banning petrol cars: poll
Poll finds 82 percent of employees believe sales of internal combustion engine vehicles should be banned by 2035.
For Indonesia’s tech star GoTo, success a long time in the making
Analysts say odds-defying market debut reflects regulatory changes, strong branding and careful courting of investors.
South Korea’s bakeries, restaurants feel ripples of Ukraine war
Small businesses in Asia's fourth-largest economy are grappling with surging prices of flour and cooking oil.
Australia’s business conditions surge, stoking inflation fears
National Australia Bank’s index of business conditions doubles amid strong retail sales and labour conditions.
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.