A staff member counts Chinese Yuan at a bank’s personal finance business service area in Haian, East China’s Jiangsu province, Sept 15, 2023. CFOTO | Future Publishing | Getty Images China’s central bank cut its benchmark five-year loan prime rate for the first time since June, extending Beijing’s efforts to revive the country’s anemic property … Read more
Lawrence Wong, Singapore’s deputy prime minister and finance minister. Kiyoshi Ota | Bloomberg | Getty Images SINGAPORE — Singapore will increase support for households and companies in the city-state as the country continues to grapple with higher prices, Deputy Prime Minister and Finance Minister Lawrence Wong said Friday when he delivered the 2024 budget. Speaking … Read more
A general view of the skyline of the Singapore Central Business District, the Marina Bay Sands, the ArtScience Museum and the seating platform at Marina Bay on August 1, 2015 in Singapore. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore lowered its full-year growth for 2023, as official data on Thursday showed the economy grew … Read more
An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Manassanant Pamai | Istock | Getty Images Japan’s economy unexpectedly contracted again in the October-December period, provisional government data showed Thursday, as high inflation crimped domestic demand and private consumption in what’s … Read more
Indonesia’s presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country’s presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia’s biggest economy despite concerns … Read more
Sony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty Images Sony posted record quarterly profit in the all-important December quarter which encompasses the holiday season thanks to a boost from its PlayStation gaming business and financial services unit. The Japanese tech … Read more
Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company. Alessandro Di Ciommo | Nurphoto | Getty Images SoftBank posted its biggest gain in nearly three years at the flagship tech investment arm, the Vision Fund, in the December quarter amid a recovery … Read more
People shop for Spring Festival ornaments at a market in Zixing city, Central China’s Hunan province, Feb 4, 2024. CFOTO | Future Publishing | Getty Images China’s producer prices declined for a 16th month in January, while consumer prices slipped for a fourth month. The data underscore the depth of the challenge that Beijing faces … Read more
Alibaba is operating in Suqian City, Jiangsu Province, China, on December 29, 2023. Costfoto | Nurphoto | Getty Images Shares of Alibaba initially whipsawed in premarket trade on Wednesday, as the company missed market expectations for revenue in the December quarter, but announced it is increasing the size of its share buyback program by $25 … Read more
Nintendo has kept players interested in its ageing Switch console series through key games with characters such as Super Mario and Zelda. Charly Triballeau | AFP | Getty Images Nintendo said on Tuesday it now expects to sell 15.5 million of its flagship Switch consoles in its current fiscal year, upping a previous forecast, after … Read more