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Asia Economy

Where to stay and how to spend your money in Singapore

by Franz Hernandez
Where to stay and how to spend your money in Singapore

For many, Singapore — the city that inspired “Crazy Rich Asians” — is synonymous with luxury, with everything from top-tier accommodations to high-end shopping and restaurants. For the ultimate stay, …

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Indian hospitals hit as doctors strike to protest rape, murder of medic

by Ron Morgan
Indian hospitals hit as doctors strike to protest rape, murder of medic

Doctors hold a poster to protest the rape and murder of a young medic from Kolkata, at the Government General Hospital in Vijayawada on August 14, 2024. Indian doctors in …

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China’s central bank says local government debt risks are declining

by Walter Watson
China’s central bank says local government debt risks are declining

Pan Gongsheng, governor of the People’s Bank of China (PBOC), during the Lujiazui Forum in Shanghai, China, on Wednesday, June 19, 2024.  Bloomberg | Bloomberg | Getty Images BEIJING — …

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Wall Street rally; South Korea, Singapore trade data

by Walter Watson
Wall Street rally; South Korea, Singapore trade data

Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024. Singapore’s economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity …

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Bank of Japan will take longer to hike rates, says BMI

by Walter Watson
Bank of Japan will take longer to hike rates, says BMI

An editorial montage of the Japan flag and Japanese yen cash bank notes. Javier Ghersi | Moment | Getty Images The Bank of Japan will adopt a more cautious approach …

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China reports slight beat in July retail sales, but industrial data disappoint

by Walter Watson
China reports slight beat in July retail sales, but industrial data disappoint

Pictured here are cars ready for export at the Haitong Automobile Terminal depot in Taicang Port, Suzhou, Jiangsu province of China on Aug. 10, 2024. Nurphoto | Nurphoto | Getty …

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Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom

by Walter Watson
Apple supplier Foxconn’s second-quarter profit rises 6% on AI boom

Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server …

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RBNZ cuts cash rate by 25 basis points; lowers rate forecasts

by Walter Watson
RBNZ cuts cash rate by 25 basis points; lowers rate forecasts

A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. David Gray | Reuters The Reserve …

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Japan Tankan, US PPI, South Korea unemployment

by Walter Watson
Japan Tankan, US PPI, South Korea unemployment

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.  Bloomberg | Bloomberg | Getty Images Asia-Pacific markets have extended gains on Wednesday after producer prices in …

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Unwinding of carry trade will benefit Japan, Monex Group’s Koll says

by Walter Watson
Unwinding of carry trade will benefit Japan, Monex Group’s Koll says

Corrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market.   “It …

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