Fraser Hall | The Image Bank | Getty Images Asia-Pacific markets dipped Monday at the start of the penultimate week of 2023, after most markets in the region rallied last week following the U.S. Federal Reserve’s decision to hold rates and its roadmap for rate cuts in 2024 and 2025. The Bank of Japan will … Read more
Singapore city skyline on September 18, 2016. Rustam Azmi | Getty Images News | Getty Images Asia’s family offices used to have a far bigger appetite for risks compared to their global counterparts — but that could be changing, according to a recent survey. A Citi Private Bank global survey in the third quarter of … Read more
U.S. Treasury Secretary Janet Yellen outlines the improvements the IRS will deliver to taxpayers in 2024, during remarks at IRS Headquarters in Washington, U.S., November 7, 2023. REUTERS/Kevin Lamarque Kevin Lamarque | Reuters U.S. Treasury Secretary Janet Yellen underscored her priorities aimed at stabilizing frigid ties between the United States and China late Thursday. Yellen, … Read more
View of Shanghai skyline from a container station. Yaorusheng | Moment | Getty Images China posted its biggest industrial output expansion in November since February 2022, though retail sales growth figure underwhelmed expectations pointing to a patchy recovery in the world’s second-largest economy. China’s industrial output grew 6.6% in November, outpacing expectations for 5.6% in … Read more
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds are back,” according to HSBC Asset Management. In its 2024 investment outlook, seen by CNBC, the British lender’s … Read more
Members of Sri Lanka’s National People’s Power Party shout slogans as they protest against the government’s debt restructuring plan affecting the income of the pension funds, in Colombo on July 31, 2023. Ishara S. Kodikara | AFP | Getty Images Developing countries paid a record $443.5 billion in 2022 to service their public debt as … Read more
Beautiful and colorful aerial view of Mumbai skyline during twilight seen from Currey Road, on February 16, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India’s stock markets have staged record-breaking rallies this year, making the country a favorite among its Asia-Pacific counterparts. The Nifty 50 index has repeatedly notched fresh all-time … Read more
The Singapore River and Merlion Park in the evening Photography By Bobi | Moment Open | Getty Images Singapore’s GDP growth in 2024 could be lower than previously expected, according to a survey by the Monetary Authority of Singapore. The quarterly survey, which compiled responses from 25 economists and analysts, pegs the city-state’s economic growth … Read more
Dutch manufacturer of chip-making equipment ASML will jointly invest 1 trillion South Korean won ($760 million) with South Korean chipmaker Samsung Electronics to build a plant that develops cutting-edge semiconductor processing technology in South Korea. The announcement came as South Korean President Yoon Suk-yeol is in the Netherlands for a four-day visit which seeks to … Read more
Pigs moving about their pen. Vw Pics | Universal Images Group | Getty Images Plunging pork prices in China are pushing the world’s second largest economy closer to deflation, in what could be another blow to its faltering economy. A pork glut drove retail pork prices in China down 31.8% in November compared to a … Read more
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