Pedestrians walk past the Reserve Bank of New Zealand headquarters in Wellington, New Zealand, on Thursday, Sept. 13, 2012. Mark Coote | Bloomberg | Getty Images The New Zealand dollar jumped 1% to nearly 0.62 against the U.S. dollar after the Reserve Bank of New Zealand held its official cash rate at 5.5% and warned that … Read more
Pedestrians walk across a road in Seoul on June 20, 2023. Anthony Wallace | Afp | Getty Images South Korean stocks have so far emerged as an undervalued and underloved part of Asia-Pacific equity markets but that is exactly what could make them attractive to investors next year, according to Goldman Sachs. Goldman even argued … Read more
Indonesian President Joko Widodo waving to the crowd while on his journey to Presidential Palace by carriage during the ceremonial parade on October 20, 2014 in Jakarta, Indonesia when he was sworn in. Ulet Ifansasti | Getty Images News | Getty Images A year before stepping down as Indonesia’s president, Joko Widodo is facing serious … Read more
An employee works on the assembly line of LED lighting products in China. Vcg | Visual China Group | Getty Images China’s consumer prices fell in October, as the world’s second-largest economy struggled with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics on Thursday showed October consumer price index shrank 0.2% year-on-year, more than … Read more
Rice is a crucial staple for over half the global population and the world is bracing for its most significant shortage in 20 years. India’s export ban on rice is reverberating through global rice markets, threatening food security if developing nations cannot afford or access rice. “The only shortage out there right now would really … Read more
The United States is working very closely with its trading partners in the Indo-Pacific region to help build economic resilience, said U.S. Trade Representative Katherine Tai. The Indo-Pacific Economic Framework (IPEF) initiative, launched in May last year by U.S. President Joe Biden, is looking to announce a number of initiatives soon, Tai told CNBC’s Martin … Read more
A worker cutting steel pipes near a coal-powered power station in China on Nov. 12, 2021. Greg Baker | AFP | Getty Images China has changed the world’s energy system before and is set to do so again, as a peak in demand for fossil fuels nears, according to the International Energy Agency’s Executive Director. … Read more
China’s Premier Li Keqiang waves as leaving the annual news conference following the closing session of the National People’s Congress at the Great Hall of the People on March 16, 2016 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images China’s former premier Li Keqiang died just past midnight after suffering a … Read more
Residential buildings in Hong Kong, China on October 23, 2023. Vernon Yuen | Nurphoto | Getty Images Hong Kong’s leader John Lee this week eased the city’s decade-old residential property cooling measures — but questions remain on whether it’s enough to boost market sentiment and low transaction volumes for the private housing sector. “Although relaxation … Read more
A partner at a Chinese semiconductor investment fund has welcomed the U.S. government’s ban of certain advanced chip types to be exported to China, describing the move as “great news” which may stimulate a domestic ecosystem. Chloe Wang, a partner and vice-president at the Guangzhou-headquartered Yang Cheng Fund, said: “We received the very great … Read more