Iran begins two-day nationwide shutdown due to soaring temperatures
A motorcyclist has a drink from a bottle to cool off during a heat wave in Tehran on July 11, 2023. Atta Kenare | Afp | Getty Images Iran on …
Asia Economy
Singapore PM pledges ‘zero tolerance’ after wave of political scandals
A general view of the Central Business District and the Merlion, illuminated with a projection during the iLight Marina Bay on March 29, 2018 in Singapore. Suhaimi Abdullah | Getty …
Asia’s factories face weak demand, signaling growth challenges ahead
A worker welds in the workshop of a machinery and equipment manufacturing enterprise in Qingzhou Economic Development Zone, East China’s Shandong province, July 17, 2023. Future Publishing | Future Publishing …
Australia’s central bank RBA leaves interest rates unchanged at 4.1%
A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia. James D. Morgan | Getty Images The Reserve …
HSBC sees 89% YOY rise in Q2 pre-tax profit, beating analysts’ expectations
An HSBC Holdings bank branch in Hong Kong on May 24, 2022. A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down …
China property stocks slump after Country Garden cancels share sale
Country Garden canceled its share placement shortly after midnight, a report by IFR revealed, citing bookrunner JPMorgan. Future Publishing | Future Publishing | Getty Images Hong Kong-listed shares of Country Garden fell …
India’s stock market has rallied to all-time highs that could continue
India is poised to become the world’s second-largest economy by 2075, according to Goldman Sachs. Darren Robb | The Image Bank | Getty Images India’s strong growth prospects and recent …
Apple could benefit in China from users spending more on smartphones
IPhone 14 Pro models are promoted outside Apple Inc’s flagship store in Shanghai, China, October 13, 2022. CFOTO | Future Publishing | Getty Images Chinese consumers are on average spending …
BOJ should move to new normal sooner, current policy is ‘very harmful’
Japan needs to transition sooner to a “new normal” as the country’s current ultra low interest rate policy regime has been “inappropriate” and “very harmful” for the economy, according to …
Contraction in China factory activity extends into a fourth month
The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China. Vcg | Visual China Group | Getty Images China’s factory activity contracted …