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…
By Yasuaki Kobayashi / Yomiuri Shimbun Staff WriterJapan's Economy, Trade and Industry Ministry plans to provide about 10 billion yen in funding for an artificial intelligence-driven robot development project being pursued by entities including Honda Motor Co., according to sources.Honda is develop…
Singapore’s bank loans increased to a new record high of SGD 917.7 billion in May 2026 from SGD 908.4 billion in the previous month.Loans to businesses advanced to SGD 557.8 billion from SGD 551.3 billion, driven mainly by higher lending to manufacturing (SGD 28.1 billion vs SGD 27.3 billion), buil…
By James RomoserWASHINGTON — The Supreme Court has wrapped up one of its most consequential terms in decades, delivering a mix of sweeping wins and losses to President Trump while marching forward with long-held priorities of the conservative legal movement.Just four days before America's 250th bir…
Executive Branch G/EXE Congress G/CNG Federal Reserve Board G/FED Treasury Department G/TRE Defense Department G/DEF Justice Department G/JUS Central Intelligence Agency…
The PBOC's recently introduced overnight reverse repo looks more like a liquidity provision tool similar to outright repos and medium-term lending facility loans, says Xinquan Chen at Goldman Sachs Economics Research. The PBOC conducted the first 300-billion-yuan overnight reverse repo on June 29 a…
Private house approvals in Australia rose by 2.8% month-over-month to 10,537 units in May 2026, according to preliminary estimates, rebounding from a revised 0.4% decline in the previous month.The latest reading marked the highest since September 2025, driven by higher approvals in Western Austral…
The RatingDog China Manufacturing PMI inched down to 51.7 in June 2026 from 51.8 in May, but remained slightly above forecasts of 51.6.It marked the weakest expansion in factory activity since March, but remained above the long-run survey trend of 50.8 since 2004.Output grew solidly, while new orde…
Solid results of Bank of Japan's Tankan corporate sentiment survey released earlier on Wednesday support the central bank's view that Middle East tensions are unlikely to cause a significant economic downturn, says Mizuho Securities economist Ryosuke Katagi. The headline index measuring sentiment a…
China's manufacturing sector expanded for a seventh straight month in June, completing its strongest quarter since late 2020 as output and new orders continued to rise, a business survey showed on Wednesday.The RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P…
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Copyright RTT News/dpa-AFX
Copyright RTT News/dpa-AFX
Given the uncertain times facing the Reserve Bank of New Zealand, the central bank is likely to focus first on risk management needs at next week's policy meeting and raise the official cash rate by 25 basis points, says Sharon Zollner, an economist at ANZ. The OCR is still 75 basis points below th…
The BOJ's tankan survey released earlier adds to the case for rapid BOJ rate increases, Capital Economics' Marcel Thieliant says in commentary. The headline index measuring sentiment among large manufacturers jumped to +22, highest since the global financial crisis, the head of Asia-Pacific notes…
Silver steadied above $58 an ounce on Wednesday but remained near its lowest level in seven months as strong US economic data underscored the economy’s resilience and reinforced expectations that the Federal Reserve will raise interest rates this year.The latest JOLTS report showed job openings cli…
Private home prices in Singapore increased 0.5% quarter-on-quarter in the second quarter of 2026, slowing from a 0.9% rise in the first quarter, preliminary estimates showed.It was the softest increase since the third quarter of 2024, when prices declined, weighed down by a fall in non-landed prope…
The S&P Global Philippines Manufacturing PMI edged up to 50.9 in June 2026 from 50.8 in May, marking the second consecutive month of growth.Growth in new business was sustained, with output rising for a second month running, albeit with the pace of increase losing some momentum.The downturn in new…
By Jihoon LeeSouth Korea's exports expanded at the strongest pace in nearly half a century last month, smashing forecasts, on a surge in chip sales propelled by the global boom in AI investment.Exports from Asia's fourth-largest economy rose 70.9% in June from a year earlier to $102.25 billion, qui…
Thailand's S&P Global Manufacturing PMI rose to 53.6 in June 2026, picking up from a ten-month low of 52.6 in the previous month.It marked the highest reading since March, as production growth rose to its fastest pace since December 2025 amid robust demand conditions.New business also increased for…
