China’s exports grow by 8.7% in August, beating expectations

China’s exports grow by 8.7% in August, beating expectations

A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency. That was higher than the forecast … Read more

Chinese travelers taking more last-minute trips as economy struggles

Chinese travelers taking more last-minute trips as economy struggles

HAIKOU, CHINA – SEPTEMBER 08: Passengers wait in line to check in at Haikou Meilan International Airport on September 8, 2024 in Haikou, Hainan Province of China. (Photo by Luo Yunfei/China News Service/VCG via Getty Images) Luo Yunfei | China News Service | Getty Images Chinese travelers are taking more last-minute trips as they become … Read more

Asia-Pacific stocks to open higher following Wall Street’s rebound

Asia-Pacific stocks to open higher following Wall Street’s rebound

Sunrise around the Bund river district on November 02, 2023 in Shanghai, China. James D. Morgan | Getty Images News | Getty Images Asia-Pacific markets are set to open higher on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year. The … Read more

Carry trade unwind could replicate August mayhem, suggests BK’s Lein

Carry trade unwind could replicate August mayhem, suggests BK’s Lein

The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The unwinding of the yen carry trade is expected to continue in … Read more

K-pop is more popular than ever, but that isn’t helping agency stock prices

K-pop is more popular than ever, but that isn’t helping agency stock prices

BTS during an interview with host Jimmy Fallon on September 25, 2018. NBC | NBCUniversal | Getty Images South Korean pop stars are smashing records, performing at premier music festivals in the West and topping charts — but that stratospheric success is not mirrored in the stock performance of their management agencies. South Korea’s “Big … Read more

Japan Q2 GDP, China CPI

Japan Q2 GDP, China CPI

People look at the city’s skyline from the Bunkyo Civic Center Observation Deck in Tokyo on August 14, 2024.  Philip Fong | AFP | Getty Images Asia-Pacific markets fell on Monday, with Japan’s Nikkei 225 leading losses in the region, following the weaker-than-expected U.S. jobs report on Friday. U.S. nonfarm payrolls rose by 142,000 missing … Read more

Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing

Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing

This picture taken on May 1, 2024 shows professors and students looking at a Minimal Fab, a small-scale semiconductor factory that does not require a clean room, at Tokyo University in Tokyo. (Photo by Yuichi YAMAZAKI / AFP) (Photo by YUICHI YAMAZAKI/AFP via Getty Images) Yuichi Yamazaki | Afp | Getty Images Japanese semiconductor equipment … Read more

7-Eleven’s parent company rejects takeover proposal, says offer ‘grossly undervalues’ company

7-Eleven’s parent company rejects takeover proposal, says offer ‘grossly undervalues’ company

Customers exit a 7-Eleven convenience store, operated by Seven & i Holdings Co., in Kobe, Japan, on Friday, Aug. 30, 2024. Alimentation Couche-Tard Inc. had made a preliminary non-binding proposal to buy Seven & i, which operates more than 85,000 stores across the globe, and the deal would be the biggest-ever foreign takeover of a … Read more

‘Economic refugees’ flee from New Zealand as cost-of-living crisis deepens

‘Economic refugees’ flee from New Zealand as cost-of-living crisis deepens

Once recognized by the world as a picturesque and progressive safe haven, New Zealand’s frail economy has pushed many of its citizens to leave the country. Amid high prices, steep interest rates and elevated unemployment, the government recently estimated that 131,200 people fled the country in the past 12 months through June, a record high. … Read more

Japan household spending, U.S. nonfarm payrolls

Japan household spending, U.S. nonfarm payrolls

 Office workers cross the street at lunch time near Tokyo Station on Oct. 20, 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty Images Asia-Pacific markets mostly fell on Friday as investors brace for a crucial jobs report from the U.S. and digest household spending data from Japan. Japan’s household spending data for July … Read more