Economy

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a two-day meeting of the Federal Open Market Committee in Washington.
Inflation

Fed raises rates by 75 basis points again in quest to tame inflation

Yen rises against dollar on Powell's less hawkish comments

28 July 2022
Jerome Powell during a hearing on June 13: The Fed chair should be dusting off the Paul Volcker playbook.
Opinion

Why Jerome Powell is about to wreck Asia's year

China, Japan, the Philippines and others set to pay price for Fed delay

27 July 2022
Port of Felixstowe, the U.K.'s largest container terminal, on April 9: The U.K. is ready to play its part.  
Opinion

CPTPP trade pact will be better with U.K. inside

Admitting Britain will magnify impact of high-standards agreement

27 July 2022
Electric cars, such as this concept vehicle from Tata Motors, lie at the heart of India's push for greener transport.
Automobiles

Indian electric car makers charge up to head off overseas rivals

Global auto giants have been speeding into nation's fledgling EV sector

25 July 2022
The Philippines new president, Ferdinand Marcos Jr., will give his first State of the Nation address on July 25 and is expected to lay out his plans to speed the country's recovery from the pandemic. 
24 July 2022
From left, Japan's Yoshimasa Hayashi and Koichi Hagiuda will meet the U.S.'s Antony Blinken and Gina Raimondo for their first economic 2-plus-2 talks. (Photos by Nikkei, Kyodo and UPI)
Indo-Pacific

Japan, U.S. to align on human rights, infrastructure at 2-plus-2

Allies seek unified standards for adoption in Indo-Pacific region as China rises

24 July 2022
Japan's imports of Beaujolais Nouveau have been dropping since 2012 and fell 5% in 2021. Steep cost increases in 2022 will deepen the trend. 
Food & Beverage

Beaujolais Nouveau prices expected to nearly double in Japan

Weak yen, Russian airspace detours add to cost of popular early wine

23 July 2022
Rep. Ami Bera chairs the House Foreign Affairs subcommittee on Asia, the Pacific, Central Asia, and Nonproliferation.
Interview

Biden could temporarily lower China tariffs, U.S. lawmaker says

Ami Bera says anything to get goods on shelves for consumers is good

22 July 2022
Pudong Lujiazui financial district in Shanghai on April 1: Europe is becoming nothing more than a bit player in Asia.
Opinion

Europe's descent into irrelevance in Asia

Natural forces displacing the continent from the region are ever more powerful

20 July 2022
Novelis, the U.S. unit of Birla-owned metals giant Hindalco Industries, has started work on an aluminum plant in Alabama. (Source photo by Reuters and the Aditya Birla Group)
Companies

Indian conglomerate Aditya Birla in spotlight over Alabama plans

Giant company expects to build $2.5 billion aluminum plant in U.S. state

20 July 2022
In 2021, China purchased nearly 70% of the world’s iron ore exports, spending about $180 billion.
Caixin

China close to setting up iron ore trading giant

Company aims to consolidate domestic industry, coordinate mining investment

20 July 2022
Federal Reserve Chairman Jerome Powell's news conference on the screen at the New York Stock Exchange on June 15: Emerging markets are vulnerable to changes in the Fed's stance.
Opinion

China still not ready to supplant U.S. dollar hegemony

Opaque economy and distrust of Beijing's ambitions will prove difficult to overcome

20 July 2022
Imports of Russian palladium have plunged as more companies look for other suppliers.
Ukraine war

Battery makers seek price hikes on lack of Russia rare metals

Ukraine war disruption pushes lithium, titanium, palladium to new highs

18 July 2022
Indonesian Finance Minister Sri Mulyani Indrawati delivers a speech during the G-20 Finance Ministers' Meeting in Bali on July 15.
International relations

G-20 finance chiefs fail to reach consensus on global inflation

Indonesia gives up on wringing out joint communique from premier economic bloc

16 July 2022
The first vessel berths as Lekki Port takes delivery of cranes and equipment on July 2: The arrival of the megaship from Shanghai was historic. (Handout photo from Lekki Port LFTZ Enterprise)
Opinion

A Chinese port in Nigeria will change the world economy

New facility unites the economic and demographic giants of Asia and Africa

15 July 2022
Russia's Anton Siluanov, left, the U.S.'s Janet Yellen, Indonesia's Sri Mulyani Indrawati, Japan's Shunichi Suzuki and others have a wide divide to bridge if the G-20 is to help solve the world's food shortages and price increases. (Source photos by Reuters)
International relations

G-20 finance chiefs meet in Bali as Ukraine war tests unity

U.S.'s Yellen scolds Russian peers for 'their continued support of Putin regime'

15 July 2022
"Abenomics has been a truly revolutionary policy," said Adam Posen, president of the Peterson Institute for International Economics. 
Shinzo Abe

Japan economy changed course with Abe's policy: U.S. economists

'Abenomics' remebered for stemming deflation spiral and promoting women's role

15 July 2022
St. Louis Federal Reserve Bank President James Bullard. 
Interview

St. Louis Fed president favors 75 basis point rate hike

Jim Bullard sees inflation slowing in 2023, not in favor of raising by full 1%

14 July 2022
Intel flagged future "targeted" price rises when it presented its last quarterly earnings in April.
Semiconductors

Intel plans price hikes on broad range of products

Customers told move is a response to cost pressures

14 July 2022
Indonesian President Joko Widodo visited Kyiv last month shortly before a trip to Moscow.
International relations

Indonesia's Jokowi set to visit Japan this month

China and South Korea trips also in the works as Ukraine conflict hangs over G-20

14 July 2022
A Cosco Shipping container ship in Shanghai, where a pandemic lockdown reduced shipment activity.
Economy

U.S.-bound container ship traffic from Asia up 4%

Shipments reached a record for June, but inflation threatens to snarl demand

13 July 2022
South Korean President Yoon Suk-yeol, second from left, tours Doosan Enerbility in June. (Photo courtesy of the Office of the President of South Korea)
Energy

Yoon reboots South Korea's nuclear export ambitions

Delegation touts reactors in Czech Republic and Poland

12 July 2022
Indonesia's Foreign Minister Retno Marsudi delivers her opening speech during the G-20 Foreign Ministers' Meeting in Bali.
International relations

G-20 ministers debate food, energy prices as global divide worsens

Russia's invasion of Ukraine casts pall over international cooperation

8 July 2022
Xi Jinping hosts the 14th BRICS summit via video link in Beijing on June 23: Countries including Saudi Arabia, Iran and Argentina have expressed interest in joining the club of five.
Opinion

Ukraine war divides Western alliance from the Global South

BRICS nations have long aspired to a new world order

8 July 2022
Foreign ministers of the Group of 20 major economies will discuss global issues face-to-face in Bali, meeting for the first time since Russia's invasion of Ukraine. (Nikkei montage/Reuters)
International relations

G-20 foreign ministers gather in Bali amid Ukraine war, inflation

U.S.-China, other meetings on sidelines; Russia's Lavrov expected to attend

7 July 2022