View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May. This adds to the narrative the Fed doesn’t have to rush to lower interest … Read more
America’s economic engagement in Indo-Pacific “isn’t about China” but for strengthening its presence in the region, U.S. Commerce Secretary Gina Raimondo told CNBC. President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries, about two years ago, for economic and trade cooperation among the member states. The IPEF was also seen as … Read more
Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019. Aly Song | Reuters BEIJING — China’s exports in May grew faster than expected, while imports missed forecasts, customs data showed Friday. Exports rose by 7.6% in May from a year a go in U.S. dollar terms, beating expectations for 6% growth, according … Read more
The SoftBank Corp. logo displayed on a glass door of the company’s store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty Images Toru Hanai | Bloomberg | Getty Images SoftBank Group shares rose as much as 6.3% … Read more
Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | Reuters The election outcome in India has turned out to be a huge political blow for Prime Minister Narendra Modi and his ruling party, and has significant implications on how … Read more
SINGAPORE — Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment. After a prolonged period of high inflation — and interest rates — banks in the region are starting to navigate the global trend of lower rates. They’re also facing technological innovation that has the … Read more
India’s Prime Minister Narendra Modi (C) flashes victory sign as he arrives at the Bharatiya Janata Party (BJP) headquarters to celebrate the party’s win in country’s general election, in New Delhi on June 4, 2024. Arun Sankar | Afp | Getty Images Indian Prime Minister Narendra Modi declared victory in the country’s election late on … Read more
India’s Prime Minister Narendra Modi displays his inked marked finger after casting his ballot at a polling booth at Ranip, Ahmedabad on May 7, 2024. Sajjad Hussain | Afp | Getty Images The Bharatiya Janata Party-led National Democratic Alliance was set to come to power in India again, according to the Election Commission of India … Read more
As a bed and breakfast owner in Taiwan’s Hualien County, Chen Rei-jia was used to the minor tremors that sometimes disturbed her work. But this time, something felt different. “The shaking grew stronger and lasted longer, and as rescue vehicles arrived, I became frightened,” she said. “We heard rocks falling everywhere and saw smoke and … Read more
Supporters of the ruling Bharatiya Janta Party (BJP) holding cut-outs of India’s Prime Minister a Narendra Modi during an election campaign rally in Amritsar on May 30, 2024. Narinder Nanu | Afp | Getty Images India will start counting votes for its 2024 general election at 08:00a.m. local time on Tuesday, with Narendra Modi projected … Read more
