Tokyo, Japan. Matteo Colombo | DigitalVision | Getty Images When it comes to travel abroad, popular destinations like London, Paris and Rome always seem to top the wish list for Americans. But many travelers are looking beyond those mainstay cities for trips in 2024. Interest in major Asian hubs, off-the-beaten-path locales in Europe and other … 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
Anushka Purohit, the co-founder of Breer, a Hong Kong-based startup that turns leftover bread into craft beer. Breer When Anushka Purohit was just 10 years old, she was appalled by the sight of a Starbucks barista throwing leftover cakes and sandwiches into the garbage. A decade later, the memory helped inspire her to launch a … 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
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter … 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
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
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
Hong Kong Chief Executive John Lee delivers his annual policy address to the Legislative Council on October 25, 2023. Peter Parks | Afp | Getty Images Hong Kong will slash buyers’ stamp duties for property buyers to help boost its struggling real estate sector, while reducing levies on stock trades in a bid to kickstart economic … Read more
HONG KONG, CHINA – JUNE 05: A pedestrian walks by an digital display displaying the numbers for the Cling Seng Index on June 5, 2023 in Hong Kong, China. (Photograph by Chen Yongnuo/China Information Service/VCG by way of Getty Photographs) China Information Service | China Information Service | Getty Photographs Buyers will now be capable … Read more