The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief … Read more
The Japanese yen has weakened significantly against the dollar in 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty Images The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, … Read more
A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty Images The Bank of Japan kept its policy rate unchanged Friday after its monetary policy meeting, holding its benchmark policy rate at 0%-0.1%. This is in line with expectations from economists … Read more
An employee works on the assembly line of intelligent machinery at a workshop on March 31, 2024 in Qingzhou, Weifang City, Shandong Province of China. Vcg | Visual China Group | Getty Images China’s economy grew 5.3% in the first quarter compared to a year ago, faster than the 4.6% growth expected by economists polled … Read more
Singapore’s new prime minister Lawrence Wong will be sworn in on May 15, 2024. The current prime minister Lee Hsien Loong announced on April 15 that he will be stepping down and handing the leadership reins to Wong. Ore Huiying | Bloomberg | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong will step … Read more
U.S. Treasury Secretary Janet Yellen attends a press conference at U.S. Ambassador’s residence in Beijing on April 8, 2024. Pedro Pardo | Afp | Getty Images BEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing’s need to shift its policy on industry and the economy. … Read more
A Xiaomi SU7 electric sedan is seen displayed at a regional HQ of Xiaomi in Nanjing in east China’s Jiangsu province. Future Publishing | Future Publishing | Getty Images BEIJING — Shares of Chinese smartphone maker Xiaomi surged 15% when the Hong Kong market opened Tuesday, the first trading day since the company launched its … Read more
Modern Shanghai city landscape juxtaposed against China’s national flag Yaorusheng | Moment | Getty Images China’s factory activity in March expanded by its strongest pace in more than a year, a private survey showed on Monday, in signs of stabilizing growth in the world’s second-largest economy. The Caixin China manufacturing purchasing managers’ index was 51.1 in … Read more
Japan flag and Japanese Yen cash banknotes (money, economy, business, finance, inflation, crisis) Javier Ghersi | Moment | Getty Images Japan’s central bank raised interest rates on Tuesday for the first time since 2007 and abolished its yield control curve policy, ending the world’s last negative rates regime on early signs of robust wage gains … Read more
High-rise residential and commercial buildings are being constructed near Dongyu Road, Qiantan, in the Pudong New Area of Shanghai, China, on March 15, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China on Monday reported economic data for the first two months of the year that beat analysts’ expectations. Retail sales rose 5.5%, better … Read more
