ASIA: Taiwan will speed up the development of drones for military use, considering the lessons of the war in Ukraine and the threat posed by China, the island’s defense ministry said on Tuesday. Unmanned aircraft have played a crucial role on both sides since Russia launched a full-scale invasion of Ukraine in February last year. […]
ASIA: The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions. Huang Yiping, a former member of the Monetary Policy Committee at the People’s Bank of China (PBoC), believes that the Chinese government should think again […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 11.81 points or -0.04% to 28,930.33 Shanghai decreased 19.47 points or -0.59% to 3,258.08 Hang Seng increased 9.12 points or 0.05% to 19,773.03 ASX 200 increased 1.70 points or 0.02% to 7,114.50 Kospi decreased 15.36 points or -0.61% to 2,492.69 […]
ASIA: India’s oil imports from Russia fell in July for the first time since March, along with its overall purchases, while supplies from Saudi Arabia rebounded for the first time in five months, data from trade and industry sources showed. Indian refiners lifted more futures from Saudi Arabia as prices were attractive, while prices for […]
ASIA: China’s banks have detailed 2.11 billion yuan ($312 million) of loans at risk to the increasing number of homebuyers refusing to pay mortgages on unfinished homes, as fears grow over a potential spillover into the wider financial sector. State-owned Agricultural Bank of China Ltd. said Thursday it held 660 million yuan of overdue loans […]
ASIA: Overseas investors disposed of a combined net total of $5.08 billion in Indonesian, Thai, Malaysian, South Korean, and Indian bonds last month, marking the biggest monthly outflow since March, regulatory data and bond market associations showed. The emerging Asia bonds were hit by a surge in U.S. yields and a jump in the U.S. […]
ASIA: Japanese Ambassador to Sri Lanka Mizukoshi Hideaki on Friday said that Japan is ready to support Sri Lanka for its economic program with the International Monetary Fund (IMF) and for the development activities of the country. The President’s Media Division said that during the discussion between the Japanese Ambassador and Sri Lanka President Gotabaya […]
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 315.82 points or -1.20% to 26,107.65 Shanghai decreased 48.68 points or -1.43% to 3,355.35 Hang Seng decreased 266.41 points or -1.22% to 21,586.66 ASX 200 decreased 34.80 points or -0.52% to 6,594.50 Kospi decreased 49.77 […]
ASIA: The Japanese economy contracted in the first quarter, but at a slower pace than earlier estimated, the government data released last Wednesday showed. The world’s third-largest economy contracted at an annual rate of 0.5 per cent, according to Cabinet Office data. That was smaller than the 1.0 per cent contraction in the preliminary estimate for […]
ASIA: Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World Bank’s International Finance Corporation (IFC). The five cornerstone banks are Bank of China (Hong Kong), Citigroup, Crédit Agricole CIB, HSBC, and Standard Chartered. […]
