Today: September 20, 2024
Today: September 20, 2024

Asia

Asia|Economy

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector

Hong Kong's June retail sales fell 9.7% from a year earlier, government data showed on Thursday, reflecting the changing consumption patterns of visitors and residents and the

Hong Kong June retail sales fall 9.7% y/y in 'challenged' sector
Asia|Business|Economy

China developer returns buyers' deposits for unfinished homes, local media says

A Chinese property developer is giving back homebuyers the deposit they paid for apartments in a project it was unable to finish as part of a housing return programme coordinated

China developer returns buyers' deposits for unfinished homes, local media says
Asia|Business|Economy|Finance

China securities official expected to lead Shenzhen stock exchange, say sources

China is expected to appoint a senior securities official to head its second-largest bourse, four sources said, filling a role that has been vacant for the unusually long period of seven

China securities official expected to lead Shenzhen stock exchange, say sources
Asia|News

South Korea says ready to offer flood relief to North Korea

South Korea is ready to provide North Korea with relief supplies for damage caused by recent heavy rainfall, South Korea's Red Cross said on Thursday, marking a rare

South Korea says ready to offer flood relief to North Korea
Asia|Economy|Finance

Investors scramble to get out of the way of the rising yen

A dramatic rally in the yen is tapping one of the most powerful forces in markets: momentum.

Investors scramble to get out of the way of the rising yen
Asia|Finance|Stock Markets

Japanese stocks see biggest weekly foreign outflow in 10 months

Japanese stocks witnessed heavy foreign outflows in the week to July 26, as a strengthening yen and a sell-off in global technology stocks dampened investor sentiment.

Japanese stocks see biggest weekly foreign outflow in 10 months
Asia|Environment|News

Rain, debris, leeches: India landslide survivors recall 'night of horrors'

Whenever it rains very heavily in the hills of Wayanad in southern India, many people stay awake, recalling a 2019 landslide that killed about 20 people.

Rain, debris, leeches: India landslide survivors recall 'night of horrors'
Asia|Business|Technology

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi

Japanese automakers Nissan Motor and Honda Motor have agreed to conduct joint research into technologies for a next-generation software platform, they said in a joint statement on

Japan's Nissan, Honda to jointly research software, start talks with Mitsubishi
Asia|Economy

Thailand's flagship $14 billion handout scheme suffers early snags as millions rush to register

The Thai government's vaunted policy of giving away 10,000 baht ($282) to most of its population had an early setback on Thursday when millions rushed to sign up on the opening day

Thailand's flagship $14 billion handout scheme suffers early snags as millions rush to register
Asia|Economy|Finance

Hedge fund allocations to China hit five-year low

Global hedge funds have trimmed their exposure to Chinese equities to the lowest in five years while ramping up investment in Japan,

Hedge fund allocations to China hit five-year low
Asia|Business|Food|Travel

Korean Air cuts hot cup noodles in economy as turbulence rises

Korean Air will stop serving instant cup noodles, a popular snack in Korea known as ramyeon that requires boiling water, on its long-haul flights, part of changes in response to

Korean Air cuts hot cup noodles in economy as turbulence rises
Asia|Economy|Finance|Stock Markets

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points

U.S. stocks tumbled after weak data raised worries the Federal Reserve may have missed its window to cut interest rates before undercutting the economy’s growth

Stock market today: Worries about the economy hit Wall Street, and the Dow drops nearly 500 points
Asia|Environment

China records hottest month in recent history

China had its hottest month in observed modern history in July, Chinese state media reported, mirroring record hot weather seen around the world last month.

China records hottest month in recent history
Asia|Business|Finance

Japan's Mitsui, Mitsubishi profit climbs on asset sales, weaker yen

Japanese trading houses Mitsui and Mitsubishi posted increases in first-quarter net profit thanks to asset sales and a weaker yen, beating estimates.

Japan's Mitsui, Mitsubishi profit climbs on asset sales, weaker yen
Asia

Indian soldiers building metal bridge to marooned area in Kerala landslides

Indian soldiers rushed to complete construction of a metal bridge on Thursday to connect the worst affected area in the

Indian soldiers building metal bridge to marooned area in Kerala landslides
Asia|Business|Economy

China woes hit BMW as profit margin falls

BMW reported a lower-than-expected profit margin in its core automotive segment during the second quarter on Thursday, hitting its shares as heightened competition and

China woes hit BMW as profit margin falls
Asia|Economy|Finance

BOJ governor's hawkish streak signals more hikes to come

Once seen as a cautious policy dove, Bank of Japan Governor Kazuo Ueda is now presenting himself as a determined hawk who's not afraid to lift interest rates a few

BOJ governor's hawkish streak signals more hikes to come
Asia|Economy|Finance

BOJ sees chance wages, inflation could overshoot

The Bank of Japan said on Thursday there was a chance wage and price growth could overshoot expectations as labour markets tighten.

BOJ sees chance wages, inflation could overshoot
Asia|Business|Economy

India's factory activity maintains solid growth in July, PMI shows

India's manufacturing activity expanded at a solid pace in July thanks to continued robust demand, according to a survey that also showed cost pressures were

India's factory activity maintains solid growth in July, PMI shows
Asia|News|Political

Malaysia PM outraged over removal of Facebook post on Haniyeh assassination

Malaysia Prime Minister Anwar Ibrahim on Thursday accused Meta Platforms of cowardice after his Facebook post on the assassination of Hamas leader Ismail Haniyeh was removed,

Malaysia PM outraged over removal of Facebook post on Haniyeh assassination
Asia|Business|Economy

Toyota posts 17% increase in Q1 profit but shares tumble

Toyota Motor posted a 17% increase in first-quarter profit on Thursday, as cost-cutting and a weaker yen helped offset lower sales and a decline in production at

Toyota posts 17% increase in Q1 profit but shares tumble
Asia|Business|Economy

Global factories struggled in July as demand waned, PMIs show

Manufacturers across the United States, Europe and Asia turned in a weak performance last month as factories grappled with tepid

Global factories struggled in July as demand waned, PMIs show
Asia|Environment|News

Hopes of finding more survivors in the mud and debris wane after landslides in India kill 194

Hopes of finding more than 180 missing people alive are waning as rescue workers searched through mud and debris for a third day after landslides set off by torrential rains killed at least 194 people in southern India

Hopes of finding more survivors in the mud and debris wane after landslides in India kill 194
Asia|Election|Political

Indonesia president-elect Prabowo says seeks stronger ties with 'great friend' Russia

Indonesia's President-elect Prabowo Subianto said his upcoming administration would maintain ties with "great friend" Russia after meeting President Vladimir Putin, adding that he

Indonesia president-elect Prabowo says seeks stronger ties with 'great friend' Russia
Asia|Economy|News

China is capable, confident to hit 2024 growth target: state planner

China has the ability and confidence to achieve its full-year growth target of around 5% and will work to actively expand domestic demand, officials from the state planner said on

China is capable, confident to hit 2024 growth target: state planner

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