The Merlion statue in Singapore, on Tuesday, Jan. 3, 2023. Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty Images Singapore’s central bank left its policy unchanged on Monday in its first quarterly monetary policy decision of 2024, as expected. The Monetary Authority of Singapore said it will also maintain its exchange … Read more
Residents waiting at a bus stop under a large Turkish flag in Istanbul, Turkey, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images Turkey’s central bank on Thursday hiked its key interest rate by another 250 basis points to 45%. The hike to the benchmark one-week repo rate was in line with economists’ expectations. … Read more
Art school teacher Sagar Kambli gives final touches to a painting of Indian businessman Gautam Adani (L) highlighting the ongoing crisis of the Adani group in Mumbai on February 3, 2023. Indranil Mukherjee | Afp | Getty Images One of the biggest investors in India’s Adani Enterprises says he may be done doubling down on … Read more
A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty Images After a year of uneven and disappointing post-pandemic recovery in 2023, China’s consumer sentiment may finally start to improve this year. Last year, the … Read more
HANGZHOU, CHINA – NOVEMBER 15, 2023 – An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. CFOTO | Future Publishing | Getty Images Zhongzhi Enterprise Group filed for bankruptcy liquidation late Friday, as the Chinese shadow banking conglomerate is unable to repay its debt amid a … 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
A security guard walks past the National Stock Exchange of India building in Mumbai, India. Dhiraj Singh | Bloomberg | Getty Images India’s stock market value has overtaken Hong Kong’s to become the seventh largest in the world as optimism about the country’s economic prospects grow. As of the end of November, the total market … Read more
The Federal Reserve needs to cut interest rates at least five times next year to avoid tipping the U.S. economy into a recession, according to portfolio manager Paul Gambles. Gambles, co-founder and managing partner at MBMG Group, told CNBC’s “Squawk Box Asia” the Fed was behind the curve on cutting rates, and in order to avoid … Read more
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
Turkey’s Taksim Square, with the figure of Kemal Ataturk, the first president, and the Turkish flag in the background. Sopa Images | Lightrocket | Getty Images Turkey’s central bank on Thursday hiked its key interest rate, the benchmark one-week repo rate, by another 500 basis points to 40%. The hike was double economists’ expectations, who had … Read more