South Korea’s trade and finance minsters to meet U.S. counterparts for trade talks on Friday, Reuters reports South Korea’s new finance minister, Koo Yun-cheol, and minister for trade, Yeo Han-koo, are set to hold trade talks with their U.S. counterparts, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer, this Friday, according to Reuters. The…
Chinese yuan trades flat against greenback after PBOC decision The Chinese yuan and offshore yuan traded flat against the greenback on Monday, after the People’s Bank of China stood pat on its key holding rates for July. As at 9.50 a.m. local time (9.50 p.m. ET Sunday), the offshore yuan had strengthened by 0.02% against…
Here are the opening calls for the day Good morning from Singapore. Investors will be keeping a close watch on a slew of data points from the Asia-Pacific region today, including Japan’s trade figures, Singapore’s non-oil domestic exports numbers as well as Australia’s employment print for the month of June. Economists polled by Reuters expect…
China’s second-quarter GDP grows 5.2%, topping market expectations China’s economy grew at a slower clip in the second quarter, slightly beating expectations as trade tensions with the U.S. rattled an economy already mired in deflation and a years-long housing downturn. China’s gross domestic product expanded by 5.2% in the second quarter, according to China’s National…
Singapore’s economy grows 4.3% in second quarter, beating expectations Singapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 3.9% in the first quarter and beating expectations. The advance figure was higher than the 3.5% forecasted by Reuters. On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a…
WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew…
Traders work on the floor of the New York Stock Exchange (NYSE) at the opening bell on May 27, 2025, in New York City. Timothy A. Clary | AFP | Getty Images Stock futures were little changed Tuesday night as investors monitor the latest tariff updates from President Donald Trump. Futures tied to the Dow…
WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew…
Jackal Pan | Moment | Getty Images Asia-Pacific markets rose after U.S. President Donald Trump announced steep tariffs on 14 trading partners, including Japan and South Korea. Goods exported to the U.S. from Japan, South Korea, Malaysia, Kazakhstan and Tunisia are now set to face 25% tariffs starting Aug. 1, according to the letters Trump posted on…
The skyline of Yokohama with the Landmark Tower, Queen’s Square and the ferries wheel with the Aka-Rengo Soko warehouse on a beautiful day. Juergen Sack | E+ | Getty Images Asia-Pacific markets traded mixed Friday after Wall Street gained on a better-than-expected jobs report eased investors’ concerns of a slowdown in the U.S. economy. Japan’s Nikkei 225 benchmark…