Indonesia's exports dropped by 5.73% in May from the same month last year to $23.20 billion, official data showed on Wednesday, compared to the median forecast of a 5.2% rise in a Reuters poll of analysts.The statistics bureau is due to release imports and the trade balance data later on Wednesday.
Indonesia's annual inflation rate accelerated to a three-month high of 3.34% in June from 3.08% the previous month, data showed on Wednesday, higher than the median forecast in a Reuters poll and moving closer to the top end of the central bank's target range.The poll had expected a June annual ra…
Taiwan's legislature has passed a law establishing a regulatory framework for the crypto industry, including rules for crypto trading platforms and stablecoin issuers.The Legislative Yuan passed the "Virtual Asset Service Act" in its third reading on Tuesday, officially sending the bill to Presiden…
By Ying Xian WongIndonesia's consumer inflation picked up last month as higher energy prices continued to push up prices.The headline consumer-price index rose 3.34% in June from a year earlier, accelerating from the 3.08% increase in May, reflecting higher food, transportation and personal care pr…
The US is pouring money into fossil fuel power generation at a pace not seen in a generation. The International Energy Agency projects that American spending on coal and gas power plants will reach $50 billion this year, a figure that reflects the country's scramble to keep the lights on as electri…
Indonesia’s annual inflation accelerated to 3.34% in June 2026 from 3.08% in the previous month, exceeding market expectations of 3.2% and marking the highest reading since March.The latest result remained within the upper end of the central bank’s 1-1/2%–3-1/2% target range.Core inflation, which s…
Omdia data showed US PC shipments (excluding tablets) fell 7.0% year on year to 15.8 million units in Q1 2026, marking the biggest YoY decline since Q3 2023, according to 36Kr. Omdia attributed the downturn to sharp increases in PC memory and storage prices that constrained supply and raised costs…
Bank of England Governor Andrew Bailey said the BOE was on track to cut UK interest rates twice this year because of concerns about weak growth before the outbreak of the US-Iran war pushed up inflation, according to Bloomberg.
Indonesia's annual inflation rate accelerated to 3.34% in June from 3.08% the previous month, data showed on Wednesday, higher than the median forecast in a Reuters poll and moving closer to the top end of the central bank's target range.The poll had expected an inflation rate of 3.20%. Bank Indone…
Amazon’s new transatlantic fiber-optic link is being viewed as a symbol of Ireland’s tech economy and AI ambitions, but it is also drawing attention to the country’s chronic lack of defense spending, according to Bloomberg.
The International Energy Agency has forecast U.S. based spending on power plants fuelled by coal and gas will reach $50 billion this year, more than China for the first time in decades, the Financial Times reported on Wednesday.
The Reserve Bank of India's new rules for proprietary trading, which came into effect on July 1, are expected to significantly increase funding costs for domestic broking firms and high-frequency traders, according to Rajesh Baheti, Managing Director of Crosseas Capital Services.Baheti said, “It's…
The South Korean won weakened to around 1,557 per dollar, approaching its weakest level since March 2009 near 1,560 touched earlier in June, as persistent foreign selling of local equities and broad demand for the US dollar weighed on the currency.Overseas investors remained net sellers of Korean s…
The bad-loan ratio for Indian banks could start rising from multi-year lows through March 2028 and may worsen further if geopolitical risks intensify, according to Bloomberg.
Glenmede’s investment strategy leaders said investors should expect the U.S. unemployment rate in June to remain unchanged at 4.3%, with nonfarm payrolls rising by about 87,000.According to ChainCatcher, the forecast was provided by Jason Pride, head of investment strategy, and Michael Reynolds, vi…
According to Bloomberg, Asian equities edged lower as investors turned cautious after a rally in chipmakers and tech stocks helped propel them to their best quarter in 17 years. MSCI's regional equities gauge dropped 0.2%, snapping a two-day gain, with nine of 11 subgroups declining.Stocks in Japan…
Thailand's investment board approved a 7 billion baht ($210 million) investment from the Mazda-Ford AutoAlliance joint venture, it said on Wednesday.Mazda's investment will improve its production line by using automation and robotics in key processes such as chassis welding, body assembly, painting…
The New Zealand dollar slipped to $0.566 on the first trading day of July, hovering near its lowest level in seven months amid a firm US dollar, while investors assessed the Reserve Bank’s interest rate outlook.Markets continue to price in a rate hike from the RBNZ next week, although analysts have…
China's resale home prices fell at a faster pace in June, a private survey showed on Wednesday, as the country's prolonged property downturn continued to weigh on market confidence.
China’s manufacturing sector capped its strongest quarter in almost six years, a private survey showed, even as growth eased slightly in June, according to Bloomberg.The gauge suggested the underlying economy remains fragile.
