Economic news

Japanese government bonds retain gains after BOJ sticks to its monetary policy Japanese government bond prices steadied toward gains on Thursday following the Bank of Japan’s (BOJ) decision to stick to its policy targets and tweak its forward policy outlook. The gains had also benefitted from a rally in U.S. bonds after a Federal Reserve […]

German unemployment rises more than October’s expectation Germany’s unemployment rose more than expected in October suggesting that a manufacturing crisis in Europe’s largest economy is spilling over to the labor market. Data from the Federal Labour Office showed the number of people without work increased by 6,000 to a total of 2.287 million in seasonally […]

Washington retracts duties from various Indonesian products The United States has removed tariffs from various Indonesian products under a privileged trade facility. This is a part of the ongoing trade negotiations between the two countries, Indonesian officials said. In a report from the Indonesian trade ministry, the office of the United States Trade Representative (USTR) […]

Rubio to introduce bill to prevent U.S. pensions from investing in Chinese stocks Republican senator Marco Rubio said on Monday that he has plans to introduce legislation to block U.S. government pension funds from investing in Chinese stocks following a fund delayed a decision about tracking an index provided by MSCI Inc. Rubio and a […]

Volkswagen to ramp up Chinese electric car production Volkswagen is ramping up production of electric cars to around 1 million vehicles by the end of 2022. These statistics would enable the German carmaker to leapfrog Tesla Inc and making China the key battleground. Volkswagen is preparing two Chinese-based factories to build electric cars next year. […]

Hong Kong’s Suncity unveils plans to operate Philippine’s casino-resort Hong Kong’s Suncity Group Holdings Ltd unveiled plans on Tuesday to enter the fast-growing gambling market in the Philippines along with a deal to operate a casino and resort in the country’s version of the Las Vegas strip. The deal marks Suncity’s first step in tapping […]

Weak sales to China contracts South Korea’s October exports South Korea’s exports likely contracted in October, falling for an 11th straight month. This was pressured by weak sales to China and a sluggish global demand for semiconductors. However, economists expect the decline to wear out as favorable base effects would likely kick in starting from […]

Oil prices slide despite easing Sino-U.S. trade tensions Oil prices slid down on Monday in Asia despite easing Sino-U.S. trade tensions. China’s Office of the U.S. Trade Representative (USTR) said on Friday that Beijing and Washington were close to signing a partial trade deal. “They made headway on specific issues and the two sides are […]

AIA’s share price climb following release Q3 business results Share prices of the Hong Kong-based insurer AIA Group Ltd climbed up 4% in Aisa after it had posted business results in the three months to September 30. In a statement released on Monday, AIA said that its business had been affected by a “challenging operating […]

Vietnam imposes duties on Chinese and South Korean steelmakers Vietnam had imposed five-year tariffs on Chinese and South Korean color-coated steel products after domestic producers said unfair pricing from overseas competitors forced them to shut down production lines. According to Vietnam’s Ministry of Industry and Trade, anti-dumping duties of 2.53% to 34.27% are being applied […]