Economy

Federal Reserve Chair Jerome Powell delivered a highly anticipated speech Friday morning at an economic summit in Jackson Hole, Wyoming.
Economy

Yen edges down as Fed's Powell says higher rates may be needed

Robust U.S. consumer spending, housing market threaten 2% target

26 August 2023
A ship carrying Russian crude anchored in Karachi in June: Pakistan's refinery says the oil was processed successfully, but experts and officials have cast doubt on the viability of the imports.
Economy

Pakistan eyes deeper discounts as Russian oil imports hit snag

Current deal economically infeasible despite official denials, insiders say

19 August 2023
Chinese President Xi Jinping, left, central bank chief Pan Gongsheng and Vice Premier He Lifeng. (Nikkei montage/Source photos by Reuters and AP)
Interview

Xi's apparatchiks will struggle to revive economy: China watcher

President's inner circle lacks global trade and finance know-how, Willy Lam warns

19 August 2023
Women walk on the streets in Tehran as the country's morality police resume hijab patrols on July 18, 2023.
Economy

Iran's new hijab law puts stores, restaurants, e-commerce on edge

Sanctions-hit economy suffers another blow nearly a year after mass protests

17 August 2023
Lahaina residents Nora Bulosan, right, and Hannah Tomas comfort each other as they and others gather in hope of getting access to their homes on Aug. 16.
Natural disasters

Hawaii governor vows to block land grabs as fire-ravaged Maui rebuilds

Death toll reaches 111 as investigation continues over cause of deadly blaze

17 August 2023
U.S. President Joe Biden in Wisconsin on Aug. 12: His order restricting U.S. investment in China's tech industry adds to the forces already throwing Asia's biggest economy off balance.
Opinion

Wrong timing for Biden to further squeeze China's economy

Instability would rebound on U.S. to its detriment

17 August 2023
Construction machinery digs in the rubble from buildings demolished by the deadly February earthquakes in Hatay, Turkey, on July 28 (Photo by Sinan Tavsan)
Natural disasters

Turkey set to recycle quake debris covering 'two Manhattans'

Japan-funded project targets some of 200m tonnes of rubble from February disaster

16 August 2023
Supporters of the junta in Niger gather for a rally on Aug. 3. The West African country has been in turmoil since the military seized power on July 26.
Politics

Niger tensions threaten Chinese projects, as dam building stops

Beijing tells citizens to leave, stoking fears PetroChina pipeline works may stall

11 August 2023
Cost savings boosted profit margins at Apple, which is building up its services business to reduce dependence on the iPhone.
Business trends

Global corporate earnings dip amid flagging China demand

Apple, Amazon and other Big Tech players bounce back on cost cuts, ad sales

11 August 2023
U.S. President Joe Biden's new executive order warns that advances in sensitive technologies by countries of concern pose "an unusual and extraordinary threat" to national security.
US-China tensions

Biden bans some U.S. tech investments in mainland China, Hong Kong

Beijing criticizes restrictions covering AI, advanced chips and quantum technology

10 August 2023
A goods demand shortage is hitting manufacturers worldwide, as China's economy sputters and consumers shift toward services.
Economy

Demand slump drags global manufacturing to financial crisis levels

70% of major economies show shrinking production as China flags

8 August 2023
The yen's fall has put investors on alert about another possible currency intervention by the Bank of Japan and the government. (Nikkei montage/Satoko Kawasaki)
Market Spotlight

Bank of Japan's policy adjustment hasn't stopped the yen's slide

Japan-U.S. yield gap remains wide after Treasury rates shoot up

7 August 2023
China "views us very much as their adversary," former U.S. Trade Representative Robert Lighthizer says. (Photo by Nikkei)
US-China tensions

Trump will raise China tariffs if he wins White House: ex-USTR

Robert Lighthizer says former president 'deadly serious' about campaign pledges

6 August 2023
The U.S. has been importing more chemotherapy treatments, immunosuppressants and other lifesaving drugs from China.
Pharmaceuticals

U.S. dependence on China for lifesaving drugs grows

Treatments for cancer, cardiovascular diseases drive rising imports

2 August 2023
Raw ore taken from an industrial copper-cobalt mine in the Democratic Republic of Congo.
Supply Chain

Japan builds supply chain for EV battery minerals in Africa

Tokyo eyes exploration with Zambia, Congo and Namibia to counter China

2 August 2023
Crew members check the deck of a ship delivering Russian crude oil to Pakistan at the port of Karachi in June.
Economy

Pakistan lines up Saudi-backed refinery as it eyes more Russian oil

$10bn project in Gwadar draws skepticism but some experts see long game

1 August 2023
Gold at a Beijing jewelry store: China, together with Russia, accounted for 60% of official purchases of gold between 2010 and 2022.
Opinion

Asia's growing dollar wariness is hardening up gold

Seizure of central bank reserves, U.S. debt worries drive search for alternatives

31 July 2023
China's Vice Premier He Lifeng and French Economy and Finance Minister Bruno Le Maire attend the China-France Economic and Financial Dialogue at the Diaoyutai State Guesthouse in Beijing on July 29.
International relations

Le Maire says France wants better China access, not decoupling

Finance Minister says 'de-risking' does not mean China is a risk

30 July 2023
 India remains the world's fastest growing big economy with a 6.1% expansion this year.
Economy

IMF upgrades India economic outlook, while China's recovery loses steam

'Too early to celebrate' about world economy despite resilient start to 2023

26 July 2023
Rick Rieder, BlackRock's chief investment officer of global fixed income, said the best time to invest is "after the tough years."
Interview

BlackRock's Rick Rieder optimistic that U.S. can avert recession

Fixed-income chief bullish on equities, sees 'great environment' to invest in

25 July 2023
The yuan was used in 49% of China's cross-border transactions made by companies and institutional investors in the April-June quarter, topping the dollar's share for the first time.
Currencies

Yuan exceeds dollar in China's bilateral trade for first time

April-June figure driven by capital market liberalization and Russian trade

25 July 2023
China welcomed visitors to "Summer Davos" in June, but a preoccupation with security was evident throughout the event.
Comment

China's overconfidence could trip up its self-sufficiency dream

Contradictory words and actions on display at Summer Davos

23 July 2023
Japan now requires export licenses for semiconductor-manufacturing equipment. (Photo by Masayuki Kozono)
Semiconductors

Japan's new chip equipment export rules take effect Sunday

Tokyo aligns with Washington to keep most advanced technology out of China's hands

23 July 2023
Goods remain the main driver of inflation in Japan as companies pass on higher materials and energy costs to consumers. (Photo by Makoto Okada)
Inflation

Japan overtakes U.S. in inflation, but wage growth lags

Service-sector pay raises are key to Tokyo's goal of a virtuous cycle

22 July 2023
Business and Trade Secretary Kemi Badenoch says joining the CPTPP "will help grow the U.K. economy." London's own assessment shows a boost of 0.08% over 15 years. (Photo courtesy of U.K. Department for Business and Trade)
Trade

U.K. formally joins CPTPP to little fanfare and low expectations

Malaysia stands to gain from free palm oil exports but few other benefits seen

16 July 2023