The Reserve Bank of New Zealand in Wellington. The central bank signaled more cuts ahead depending on how inflation evolves.
Economy

N.Z. cuts rates for first time in over 4 years, flags more easing

Kiwi dollar tumbles as markets bet on more aggressive easing path

14 August 2024
The Mount Holland lithium mine in Southern Cross, Western Australia: Some producers of the key ingredient in EV batteries are scaling back production as others push ahead.
Commodities

As lithium slump drags on, some Australian miners look to grow

Operators push through gloom to position for long-term demand forecasts

14 August 2024
Fanuc is focused on reducing excess inventory instead of building new capacity. (Photo by Hirofumi Hasebe) 
Technology

Japan's Fanuc builds $4bn cash hoard. Is it ready to spend?

Investors watch for next step from robot maker as rivals spend more freely

14 August 2024
The stocks of major exporters Sony Group and Toyota Motor rose 5% and 3.3%, respectively, on the Nikkei average by the end of trading on Tuesday. (Photo by Yutaka Miyaguchi)
Equities

Japan stocks surge 3.5% on return from holiday with weak yen's support

Chip-related companies, major exporters gain in rally

13 August 2024
President and CEO of the Philippine Stock Exchange Ramon Monzon said in an exclusive interview with Nikkei Asia that cuts in the key benchmark rate is vital to generate excitement among investors and lure new IPOs to the market. (Nikkei montage / Source photos by Yuki Fujita)
Equities

Philippine exchange chief backs rate cuts to spur IPOs

Central bank halfway to new listing target set for 2024

13 August 2024
Shanghai's Lujiazui financial district. The city was the first to establish a QDLP in 2012 and counts $5 billion worth of allocations through the mechanism so far.
China debt crunch

China mechanism for foreign investment faces tighter scrutiny

Checks meant to curb risk and ensure taxation create bottlenecks amid high demand

13 August 2024
The dollar is coming down from a prolonged period of strength, boosting Asian currencies. (Photo by Akira Kodaka)
Currencies

Ringgit, baht gain against dollar on speculation of U.S. rate cut

Asian central banks seen weighing own moves as inflationary pressures ease

13 August 2024
A soldier with the Japanese Ground Self-Defense Force takes part in a military drill on the uninhabited Irisuna island close to Okinawa, Japan, in November 2023.
Opinion

Japan must hedge currency risk to avoid defense funding crisis

Biggest military buildup since World War II at risk from fluctuating forex

13 August 2024
Though the majority of Asian countries did not join in the West's sanctions against Russian oil, they are expected to abide by them.
Opinion

'Dark fleet' of oil tankers risk more maritime disasters in Asia

The West needs to bring Russian oil shipping out of the shadows

12 August 2024
Workers at a commercial housing complex under construction by China Vanke in Nanjing, Jiangsu province. Labor disputes involving the property and manufacturing sectors have swelled in the first half of 2024 due to an economic slowdown.
Economy

Strikes hit China's property, manufacturing sectors as growth slows

Labor disputes reflect disparities in the country's social safety net

12 August 2024
Kaisa Group Holdings is one of several Chinese property developers facing winding-up petitions.
China debt crunch

China's Kaisa Group liquidation hearing adjourned by Hong Kong court

Property developer hopes to strike deal to restructure $12bn in offshore debt

12 August 2024
Foreign ministers of Southeast Asian countries pose for a photo in Vientiane on July 25. ASEAN now faces significant centrifugal forces amid the reshaping of global orders. 
Comment

OECD or BRICS? Key members' differences might weaken ASEAN unity

Indonesia, Malaysia, Thailand all pursue different 'diversification' strategies

12 August 2024
EBS is a platform for forex transactions operated by the Chicago Mercantile Exchange (CME) Group. It played a major role in interbank transactions in the late 1990s. (Photo by Yumi Kotani)
Currencies

EBS for forex faces challenges as trading platforms diversify

More banks and hedge funds use exclusive systems, and new platforms gaining momentum

12 August 2024
The market fluctuation comes as the government is encouraging more households to direct their cash and savings worth 1,050 trillion yen ($7.1 trillion) into stocks and mutual funds. (Source photos by Yo Inoue and Toshiki Sasazu)
Market Spotlight

Japan retail investors keep the faith in stocks despite historic volatility

Mom-and-pop investors are seen 'buying the dip' in domestic and global stocks

12 August 2024
Tokyo Skytree is seen through condo buildings in the downtown of Japan's capital city. (Photo by Konosuke Urata)
Property

Condo prices in Tokyo's Roppongi triple 10 years after built

Foreign buyers see Japan property as relatively inexpensive

11 August 2024
According to the International Monetary Fund, as of March 2024, the total balance of global foreign reserves stood at $12.3499 trillion, with the dollar accounting for 58.9% based on currency allocation.
Currencies

Central banks dump dollars and yuan in favor of gold

The 'stateless currency' shines as a haven amid geopolitical tension

10 August 2024
Bank of Japan Gov. Kazuo Ueda speaks at a press conference following a monetary policy meeting on July 31. (Photo by Yutaka Miyaguchi)
Opinion

BOJ still on hawkish track despite dovish bid to cool market turmoil

Central bank must improve communication, economy judgment and risk assessment

10 August 2024
Stream article image
Markets

On topic: Japan stocks hit by historic turbulence

A collection of stories on current hot topics

10 August 2024
Submarines are among the defense hardware that Mitsubishi Heavy Industries builds for Japan's Self-Defense Forces. (Photo by Naoki Hori)
Equities

Mitsubishi Heavy leads Japan's defense-sector rally as market roils

Contractors benefit from higher military spending in tenser world

10 August 2024
Japanese stock prices have been trending down this month. (Photo by Yutaka Miyaguchi)
Equities

Japan stock sell-off: The end of the beginning?

Past crashes suggest a 20% recovery ahead -- if the first wave of selling is over

10 August 2024
Companies listed on Tokyo's Prime market have seen three consecutive years of record high profits. (Photo by Konosuke Urata)
Business trends

Japan corporate profits up 10% on weak yen, AI demand

Toyota, Hitachi among winners in April-June as China slump drags on others

10 August 2024
Bhavish Aggarwal, CEO of Ola Cabs and founder of Ola Electric, third from left, rings the bell during Ola Electric's listing ceremony at the National Stock Exchange in Mumbai on Aug. 9.
IPO

Shares in Indian e-scooter maker Ola close up 20% after tepid debut

Softbank-backed startup yet to make profit despite accelerating sales

9 August 2024
The mighty dollar has taken a 10% hit since early July from a suddenly strengthening Japanese yen. (Photo by Yuji Murakami)
Currencies

Currency strategists see yen closing out the year in the mid-140s

Speculators scurry to reduce their bets on the yen's fall

9 August 2024
India's National Stock Exchange had enjoyed a banner year up until the beginning of August. (Photo by Ryosuke Hanada)
Markets

India stock rally falters over tax hike plan, governance doubts

Sensex retreats from all-time high as overseas money pulls back

9 August 2024
China's central government is encouraging local governments to acquire property and build affordable housing on it. (Photo by Mizuho Miyazaki)
China debt crunch

China taps public debt to buy unused land from developers

New response to property slump risks further financial woes for local governments

9 August 2024