Highest-Ranking News Article Indonesia’s first-quarter GDP grows at fastest pace in three quarters 2 Hours Ago Summary Indonesia’s first-quarter gross domestic product climbed 5.11% year on year, marking its fastest expansion in three quarters. The reading also beat the 5% growth expected by economists polled by Reuters. On a quarter-on-quarter basis, Southeast Asia’s largest economy … Read more
Japanese Yen Recovers 4.5% Against U.S. Dollar, Set for Best Week in Over a Year 2 Hours Ago Overview The Japanese yen has experienced a robust recovery, gaining 4.5% against the U.S. dollar. This surge marks its best week in over a year and indicates a significant turnaround in its previous weak performance. Despite hitting … Read more
Microsoft opens first regional data centre in Thailand May 1, 2024 Tech giant Microsoft announced it will open its first regional data center in Thailand. The company said it will also build new cloud and AI infrastructure in Thailand, as well as provide AI skilling opportunities for over 100,000 people. Microsoft said the data center … Read more
Singapore’s headline inflation rate falls to lowest since September 2021 Singapore’s headline inflation rate fell to its lowest since September 2021, coming in at 2.7% for March. This was lower than the 3.4% rate in February and also below the 3% expected by economists polled by Reuters. The city-state’s core inflation rate – also known … Read more
Australia GDP grows 0.2% in the final quarter of 2023 Australia’s Economy Grows Despite Slowing in 2023 Australia’s economy grew by 0.2% in the fourth quarter of 2023, according to the Australian Bureau of Statistics. This growth was driven by government expenditure and private business investment. However, the growth rate was slightly below the Reuters … Read more
Paytm shares rise after CEO exits payments bank board Shares of Paytm owner One 97 Communications jumped 5% in early India trading on Tuesday, after the company’s chief executive officer stepped down from the board of its payments bank unit. The company said in a release late Monday that Vijay Shekhar Sharma would exit his … Read more
Maersk Expected to See Decline in Earnings Amid Ongoing Shipping Disruptions Giant gantry cranes and offloading freighter in Haifa container port, Israel Giant gantry cranes and offloading freighter in Haifa container port, Israel. Ucg | Universal Images Group | Getty Images Challenges Faced by Maersk Maersk, a leading global shipping company, anticipates a decline in … Read more
Latest News: Hong Kong-listed China EV stocks rise on Beijing’s plan to boost sector’s growth Hong Kong-listed China EV stocks rise on Beijing’s plan to boost sector’s growth 5 Hours Ago Hong Kong-listed shares of Chinese electric vehicle companies soar after China’s commerce ministry reveals plan Hong Kong-listed shares of Chinese electric vehicle companies rose … Read more
China and Hong Kong stocks surge 2% as healthcare, tech firms gain Mainland Chinese and Hong Kong equity benchmarks surged 2% on Tuesday, led by healthcare and tech stocks, respectively. This comes after Chinese regulators took measures to calm a recent sell-off in markets, including a statement from the country’s securities and regulatory commission that … Read more
Japan’s Jobless Rate Hits Lowest Level since January 2023 An Hour Ago Japan’s jobless rate in December reached its lowest level since January 2023, signaling a positive trend in the country’s labor market. According to official data, the unemployment rate dropped to 2.4% from the previous month’s rate of 2.5%. This figure also beat the … Read more