Hong Kong Kanchisa Thitisukthanapong | Moment | Getty Images Hong Kong has surpassed Tokyo as Asia’s most expensive city to build property as rising construction prices add to a worsening labor crunch, a new market survey released by Turner & Townsend showed. The UK-based property consultancy projected that Hong Kong’s average construction cost this year … Read more
Pedestrians cross an intersection in the Shibuya district of Tokyo, Japan, on Tuesday, April 25, 2023. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were mixed as Japan’s May core inflation data came in slightly cooler than expected. The country’s core inflation rate — which strips out prices of … Read more
Workers at the construction site of resettlement housing in Huai ‘an city, Jiangsu province, China, June 17, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets were mostly lower on Thursday as China kept its one- and five-year loan prime rates unchanged. The one-year loan prime rate serves as a benchmark for most corporate … Read more
India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. Puneet Vikram Singh, Nature And Concept Photographer, | Moment | Getty Images For the last two years, Prime Minister Narendra Modi has spoken confidently about his ambitious goal to make India a developed economy … Read more
Cherry trees in bloom near the Nippon Budokan in Tokyo, Japan, on Sunday, April 7, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets mostly rose after key U.S. benchmark indexes hit fresh highs overnight as artificial intelligence chip firm Nvidia overtook Microsoft as the most valuable public company. Shares of the chipmaker jumped 3.5% overnight on … Read more
Employees assemble new energy vehicles at an intelligent factory of electric vehicle company Leapmotor on April 8, 2024 in Jinhua, Zhejiang Province of China. Vcg | Visual China Group | Getty Images BEIJING — Europe’s probe into Chinese electric cars was overly selective to the point that the results are not credible, a Chinese official … Read more
A pedestrian and jogger pass the Reserve Bank of Australia (RBA) building, during a partial lockdown imposed due to the coronavirus, in Sydney, Australia, on Monday, May 18, 2020. David Gray | Bloomberg | Getty Images Asia-Pacific markets were set to open higher on Tuesday, ahead of the Reserve Bank of Australia’s rate decision and … Read more
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Ying Tang | NurPhoto | Getty Images Asia-Pacific markets are all lower on Monday as the region looks to key economic data out from China. The world’s second-largest economy will release May numbers for its retail sales, … Read more
A large hallway with supercomputers inside a server room data center. Luza Studios | E+ | Getty Images Malaysia is emerging as a data center powerhouse in Southeast Asia and the continent more broadly as demand surges for cloud computing and artificial intelligence. Over the past few years, the country has attracted billions of dollars … Read more
The aerial view shows residential buildings under construction in Hangzhou, China on March 15, 2024. STR | AFP | Getty Images China needs bond market reforms as soaring debt poses significant longer-term risk to the country, according to S&P Global. Despite the government’s efforts, debt levels remain very high even as nominal GDP growth has … Read more
