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Asia Economy

Asia promotes crypto clarity amid regulatory uncertainty in the U.S.

by Edgar Davis
Asia promotes crypto clarity amid regulatory uncertainty in the U.S.

High-rise buildings are seen near Victoria Harbour in Hong Kong, China, July 24, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Costfoto | Nurphoto | Getty Images Asia is promoting crypto …

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Asia markets poised to fall further as Fed hints at higher rates

by Walter Watson
Asia markets poised to fall further as Fed hints at higher rates

Eschcollection | Digitalvision | Getty Images Asia-Pacific markets are set to extend their losses on Thursday after minutes from the U.S. Federal Reserve’s July meeting showed concerns over inflation lingered, …

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Tesla cuts prices of Model S and Model X in China

by Walter Watson
Tesla cuts prices of Model S and Model X in China

Visitors check a Tesla Model 3 car next to a Model Y displayed at a showroom of the U.S. electric vehicle (EV) maker in Beijing, China February 4, 2023. Florence …

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HKEX first-half net profit rises 31%, CEO Nicolas Aguzin optimistic

by Walter Watson
HKEX first-half net profit rises 31%, CEO Nicolas Aguzin optimistic

Hong Kong Exchanges and Clearing reported a 31% jump in net profit for the first six months of the year, compared to a year ago — and its CEO has …

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JPMorgan hikes EM default forecast as Country Garden drives China contagion fears

by Walter Watson
JPMorgan hikes EM default forecast as Country Garden drives China contagion fears

Signage at a residential project developed by Country Garden Holdings Co. in Baoding, Hebei province, China, on Tuesday, Aug. 1, 2023. Bloomberg | Bloomberg | Getty Images JPMorgan raised its …

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Asia markets fall as bank stocks retreat under pressure on Wall Street

by Walter Watson
Asia markets fall as bank stocks retreat under pressure on Wall Street

Tourists at the Bund on July 11, 2023 in Shanghai, China. Vcg | Visual China Group | Getty Images Asia-Pacific markets fell on Wednesday mirroring moves on Wall Street after …

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Cramer points out stocks to watch as China’s economy slows down

by Walter Watson
Cramer points out stocks to watch as China’s economy slows down

CNBC’s Jim Cramer on Tuesday gave investors his top sectors and stocks to watch as China’s economy slows down. The Dow slid more than 300 points on Tuesday as concerns …

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VinFast completes SPAC merger, set to start trading on Nasdaq

by Horatio Thompson
VinFast completes SPAC merger, set to start trading on Nasdaq

CHATHAM COUNTY, NORTH CAROLINA – July 28: VinFast CEO Le Thi Thu Thuy speaks as Electric carmaker Vinfast breaks ground in its $4B NC manufacturing plant located within the Triangle …

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China can become world’s number 1 car exporter by 2023: Moody’s

by Horatio Thompson
China can become world’s number 1 car exporter by 2023: Moody’s

China, automobile, vehicles Vcg | Visual China Group | Getty Images China is on course to overtake Japan as the world’s top auto exporter by the end of 2023, according …

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Japan GDP grew 6%, handily beating expectations on robust exports

by Walter Watson
Japan GDP grew 6%, handily beating expectations on robust exports

Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Philip Fong | Afp | Getty …

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