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…
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…
Shanghai Bund skyline panorama Yangna | E+ | Getty Images Asia-Pacific markets traded mixed Tuesday as investors assessed the record gains on Wall Street and the global impact of U.S. President Donald Trump’s tariff policies as his 90-day tariff reprieve is set to expire next week. U.S. Treasury Secretary Scott Bessent said on Monday that there are…
Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea. Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets mostly rose Monday as investors parsed details on trade negotiations and a slew of data points, including South Korea and Japan’s industrial output figures…
Aerial view of Osaka Skyline Nikada | E+ | Getty Images Asia-Pacific markets mostly rose Friday, tracking Wall Street’s gains after White House spokesperson Karoline Leavitt downplayed the impending start of the tariff deals, which have weighed on investor sentiment. July 8 is when the so-called liberation day tariffs are set to take effect after…