The Biden administration is set as early as Friday to add at least 10 more Chinese companies and other entities to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang, two sources told Reuters.
The Bank of Japan has little discretion over how and when to dial back stimulus given the huge scale and radical nature of its policies, said Kunio Okina, an academic known as a vocal critic of Governor Haruhiko Kuroda's monetary experiment.
China said on Friday it resolutely opposed what it said was the United States' tendency to politicise economic issues, after a major U.S. shares index removed more Chinese stocks following an executive order by the Biden administration.
Asian shares stumbled to two-month lows on Friday and were set for their worst weekly performance since February as confidence took a beating over the global spread of the Delta virus variant and worries it could stall a worldwide economic recovery.
BEIJING: Auto sales in China, the world's biggest car market, fell 12.4per cent in June from the corresponding month a year earlier, industry data showed on Friday. Overall sales stood at 2.02 million vehicles in June, data from the China Association of Automobile Manufacturers (CAAM) showed ...
SINGAPORE: Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets. The cost of bulk carriers that move grains and oilseeds from production hubs in the Americas and Black Sea ...
China's corporate bond defaults have hit a record high this year, highlighting tightening credit conditions and a growing reluctance by regional governments to bail out troubled state-owned firms.
SINGAPORE: Despite an economic downturn, the incidence of salary claims made by workers last year declined, driven largely by a fall in claims made by foreign employees. The total incidence of salary claims in 2020 fell to 2.15 per 1,000 employees, down from 2019’s 2.68 per 1,000 employees ......
HONG KONG: With their heads in the clouds and their hands in the soil, a group of office workers are busy harvesting the fruits of their labour on the roof of a Hong Kong skyscraper. Invisible to those below, a sprawling garden of radishes, carrots and rhubarb is flourishing...
SINGAPORE: Indonesia's Bukalapak launched an up to US$1.13 billion initial public offering ahead of next month's listing, marking the country's biggest issue in more than a decade amid rising investor appetite for tech stocks in a region boasting a growing consumer class, according to a term sheet ...
