People crossing street in Tokyo’s busy Akihabara downtown area Leopatrizi | Istock | Getty Images Japan commemorated its “Respect for the Aged Day” earlier this week, with the national holiday underscoring a somewhat problematic fact — the country has a record number of elderly citizens to celebrate. Government data released ahead of the event showed … Read more
Bank of Japan Governor Kazuo Ueda attends a session in the financial affairs committee at the lower house of parliament on Aug. 23, 2024 in Tokyo. Tomohiro Ohsumi | Getty Images News | Getty Images Economists, FX strategists and Japan-focused fund managers are split over the timing of the Bank of Japan’s next interest rate … Read more
Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Bernd von Jutrczenka | Picture Alliance | Getty Images Most Asia-Pacific markets opened higher Tuesday, following a mixed trading session on Wall Street as investors prepare for the Federal … Read more
Despite widespread bullishness on India, with its stock market highs and healthy bank balance sheets, a shortage of deposits is causing some uneasiness in the country’s financial sector. Speaking to CNBC in an exclusive interview, Reserve Bank of India (RBI) Governor Shaktikanta Das discussed the issue of slowing growth in bank deposits underperforming an expansion … Read more
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty Images SINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s … Read more
Joggers in Shanghai, China, on April 10, 2021. Qilai Shen | Bloomberg | Getty Images Asian markets opened mixed Monday as investors digested the downbeat economic data from China released over the weekend, while several key markets were closed for holidays. Investors also await the Federal Reserve’s policy meeting on Tuesday and Wednesday where the … Read more
Laborers work at a coastal road project construction site in Mumbai on January 12, 2022. Punit Paranjpe | Afp | Getty Images India can achieve sustainable economic growth of up to 8% over the medium term, according to the country’s central bank governor. His comments come shortly after data showed India’s gross domestic product slowed … Read more
Elderly people are relaxing at a park in Fuyang, China, on January 15, 2024. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto/NurPhoto | Nurphoto | Getty Images China’s top legislative body passed an official plan Friday to begin incrementally raising the nation’s statutory retirement age from Jan. 1 of next year and concluding in 2040, according … Read more
A man walks past a monitor showing the stocks curves outside the Taiwan Stock Exchange in Taipei on May 12, 2021. SAM YEH | AFP via Getty Images Pro-Russian hackers reportedly crashed the Taiwan Stock Exchange website on Thursday, according to local media reports. At 3 p.m. Taiwan time, the stock exchange said “a large … Read more
The logo of Alibaba’s e-commerce app Taobao is displayed next to mobile phones displaying the app, in this illustration picture taken October 25, 2023. Reuters | Florence Lo Singapore — Chinese e-commerce giant Alibaba‘s Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version on Tuesday — thanks to … Read more
