The Bank of Korea unexpectedly held rates at 3%, citing economic and political uncertainty, including President Yoon’s arrest. Amid modest export recovery and faltering domestic demand, the BOK opted for caution to manage household debt and unpredictable global conditions, signaling a focus on stability amid South Korea’s uneven recovery.
Browsing: Asia
Asia-Pacific markets saw mixed performances as U.S. inflation data signaled easing pressures, while Japan’s business sentiment improved slightly. Key indices fluctuated, with China and Australia declining, and Hong Kong rising. Geopolitical uncertainty and Indonesia’s trade imbalances added complexity, reflecting the cautious yet hopeful investor sentiment shaping early 2025.
Asian shares stopped on Wednesday as surprisingly strong U.S. economic news clashed with global growth concerns, the yen touched a…
Asian markets surged to a four-month high on Friday as U.S. economic data fueled views that the Federal Reserve is…
Asia will discuss Japan’s market protection proposal. As global banking sector woes and fears of a recession in advanced economies…
U.S. WASHINGTON, Oct 20 (Reuters) – Delivering on a commitment to supply COVID-19 vaccine shots to Southeast Asia is crucial…
Huawei, ZTE face more backlash The Democratic National Committee told Democrats not to use technology from Chinese-based smartphone manufacturers Huawei…
Binance stays consistent as crypto market fluctuates Overall, cryptocurrency values have fallen by 70% so far this year. Crypto exchange…
Toyota grabs Grab Japanese car manufacturer Toyota announced on Wednesday that it will invest $1 billion in Singapore-based ride-hailing firm…
All aboard the self-driving bandwagon GM and Softbank are the most recent firms to invest in self-driving cars. Japanese holding…
Tencent and Alibaba make the top 10 China has two firms in the BrandZ top ten most valuable global companies…
Wednesday, the board of reeling technology giant Toshiba announced that it has approved the $18 billion sale of the company’s…
China’s most prominent ride sharing company, Didi Chuxing, and SoftBank, a leader in the Japanese telecommunications and internet services industries,…
Malaysian-based AirAsia X announced on Tuesday that the Federal Aviation Administration had granted it certification to fly into the U.S. The…
Poultry prices continue to be on the rise possibly hurting corporation who rely heavily on their supply. Indonesia’s government efforts…
Toyota aims to give all-electric car manufacturer Tesla a run for its money with the all-new, hydrogen cell powered FCV.…
