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.
By Christine Chen and Scott MurdochThe Australian government said on Wednesday it was considering breaking up the Big Four accounting firms and bringing them under the corporate regulator's purview following some high-profile scandals in the sector.The proposals, outlined in a paper from the Treasu…
Vietnam's government has extended its suspension of some fuel taxes and cuts to other levies by three months until the end of September, the Ministry of Industry and Trade said on Wednesday.
Thailand's investment board has approved a 7 billion baht ($210.21 million) investment from the Mazda-Ford AutoAlliance joint venture, it said on Wednesday.($1 = 33.30 baht)
China's yuan weakened against a rebounding dollar on Wednesday despite the central bank setting a strong guidance rate, amid growing concerns over China's economic health.Onshore yuan FX_IDC:USDCNY changed hands at 6.7922 per dollar at 2:37 GMT, roughly 0.05% weaker than the previous day's close.Th…
The Bank of Japan's tankan survey indicates business sentiment will deteriorate in the coming three months, but it could actually turn more optimistic because the latest survey is unlikely to fully reflect the impact of the peace talk between the U.S. and Iran, says Daiwa Securities economist Yutar…
Indian oil marketing companies have cut the price of 19 kg commercial LPG cylinders for industrial clients by 183.5 rupees ($1.94), with no change in rates for household cylinders, local media reported on Wednesday.Indian Oil Corporation NSE:IOC, India's largest state-run refiner and fuel reta…
By Helen Reid and Philip BlenkinsopEurope on Wednesday took a first step towards curbing what it calls unfair competition from online retailers such as Shein, Temu and AliExpress by imposing a €3 fee on low-value e-commerce imports from China that previously entered the bloc duty-free.The move is a…
By Leika KiharaThe global AI boom powered Asia's manufacturing sector in June, with brisk demand for technology-related goods offsetting the drag from the Iran war, private surveys showed on Wednesday, offering some relief for the region's export-reliant economies.Price pressures, however, remained…
By Christine ChenThe Australian government said on Wednesday it was considering breaking up the Big Four accounting firms and bringing them under the corporate regulator's purview following some high-profile scandals in the sector.The proposals, outlined in a paper from the Treasury department, als…
Ib Vogt to Begin Commercial Operations of 29.99 MWac Solar Project in Malaysia
India’s proprietary trading firms are bracing for a funding squeeze from the Reserve Bank of India that could pressure returns from strategies including cash-futures arbitrage, options market making and index arbitrage, according to Bloomberg.
The annual GDP growth in Mauritius slowed to 2.0% in Q1 2026 from 2.7% in Q4, marking the softest reading since a contraction in Q1 2021.Total final consumption fell 0.2%, as a 0.5% rise in household consumption was offset by a 3.3% drop in general government spending.Gross fixed capital formation…
Japanese corporate profit plans show resilience despite global geopolitical risks, says Mizuho Securities economist Ryosuke Katagi. The Bank of Japan tankan survey released Wednesday shows companies of all industries and all sizes project their current profits to fall 6.5% this fiscal year, compare…
China’s manufacturing activity grew less than expected in June, according to Bloomberg.The survey result contrasted with an official gauge that showed an uptick, partly due to export strength.
By Stella QiuAustralian home prices suffered their steepest fall in three-and-a-half years in June as a record housing boom succumbed to higher borrowing costs, while a tax clampdown on investment properties rattled buyers.Figures from Cotality showed national prices fell 0.4% in June from May, the…
Australian regulators' data on banks suggest that the industry remains comfortably funded, UBS analysts say. Parsing numbers from the Australian Prudential Regulation Authority, the investment bank's analysts tell clients in a note that total deposits across the banking industry were up 8.1% on yea…
A private gauge showed China's manufacturing activity grew at a slower pace in June due to tapered factory production, diverging from a pickup shown in a competing index.The RatingDog general manufacturing purchasing managers index fell to 51.7 in June from 51.8 in May, according to a statement on…
Australia’s seasonally adjusted dwelling approvals fell 1.1% month-on-month to a four-month low of 17,019 units in May 2026, following a 0.2% decline in the previous month and coming in slightly weaker than market expectations for a 1.0% drop, according to preliminary data.The decline was driven by…
By Kwanwoo JunSouth Korea's exports posted the strongest growth in nearly 50 years as the global artificial-intelligence buildout keeps fueling demand for chips.The June trade result comes on the heels of an announcement by the South Korean government and top memory-chip makers Samsung Electronics…
