Prime Minister Fumio Kishida and Bank of Japan Governor Kazuo Ueda met Tuesday to discuss financial conditions amid continued yen weakness and a rise in bond yields ahead of a key gathering of central bankers in Jackson Hole later this week.
Geely Automobile Holdings Ltd., one of China’s largest private carmakers, posted first-half earnings that beat estimates, weathering a price war that continues to hit the industry.
North Korea’s state airline made its first international trip since the start of the Covid pandemic, in a sign of easing border restrictions that could repatriate its stranded nationals abroad and increase trade with its powerful neighbor.
Singapore charged 10 foreigners Wednesday in one of its biggest money laundering and forgery cases involving about S$1 billion ($736 million) of properties, luxury cars, cash and other assets.
India’s biggest asset manager is bolstering its cash holdings on bets the central bank will raise borrowing costs further, helping it deploy funds at higher yields.
About half of the stocks in Hong Kong’s benchmark index are now oversold as investor sentiment deteriorates amid China’s dismal economic data, deflation fears, and a property market slump that’s now threatening a crisis in the shadow lending sector.
Taiwan plans to increase its military spending next year by the smallest percentage since 2018, even as Beijing ramps up its military pressure on the self-ruled island it considers its territory.
Chinese authorities imposed fines on US due diligence firm Mintz Group of around $1.5 million for gathering statistics in an illegal fashion.
Local governments in some Chinese cities owe property developers 1 billion yuan ($137 million) to 2 billion yuan each in unpaid bills, according to a local media report, with pressure building on the authorities to pay their debt.
China’s sportswear stocks have been in a funk amid the nation’s sluggish consumption recovery. Analysts say earnings results of Anta Sports Products Ltd., one of the industry leaders on the mainland, may do little to lure back investors.
