Yamaguchi emerges as candidate for next Bank of Japan governor: Sankei Former Bank of Japan deputy governor Hirohide Yamaguchi is in the process of becoming a candidate for central bank chief, according to Japanese local media Sankei reportedciting people familiar with the matter. Yamaguchi, who served as deputy central banker until 2013, has been highly …
Indonesia to ban bauxite exports from June 2023 India’s central bank chief warns next financial crisis will come from private cryptocurrencies The next financial crisis will come from private cryptocurrencies, India’s central bank governor Shaktikanta Das said on Wednesday. Speaking at the BFSI Insight Summit 2022 hosted by Business Standard, Das said he was a …
Asia-Pacific markets mixed as Japan stocks see second day of losses Read More »
Bank of Japan holds rates steady and widens yield curve control band The Bank of Japan kept its benchmark interest rates stable and announced it would change its yield curve control band, the central bank said in a statement. The BOJ will widen the range of fluctuations in 10-year Japanese government bond yields from its …
November retail sales in China experience major misfires Chinese industrial production in November rose 2.2%, after growing 5% in October, according to official data. That’s less than expectations for 3.6% growth in a Reuters survey. Retail sales fell 5.9% on an annualized basis, more than expectations of a 3.7% drop in a Reuters survey and …
Fed rate decision, South Korea Trade, Australia Unemployment, New Zealand GDP Read More »
Hong Kong plans to scrap outdoor mask rules: report Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to decline significantly by 7% to 10% next year, it said in its latest outlook. report. The agency also predicts that house prices in China will fall …
Hong Kong stocks rise nearly 3% after reports say city is considering Covid rule easing Read More »
Indonesian GoTo has lost nearly 70% of its valuation since its IPO in April indonesia Go to group – the merged entity of ridesharing giant Gojek and e-commerce marketplace Tokopedia – lost 68.5% of its initial value of 400 trillion rupees ($28 billion) since its IPO in April. On Thursday, pre-IPO shareholders such as Alibaba …
Japanese yen strengthens after Powell’s comment on small bulls Temasek’s $245m FTX loss ‘damaged reputation’ of Singapore, Deputy PM says Singapore’s Deputy Prime Minister Lawrence Wong says the state’s sovereign wealth fund investment loss of $275 million in collapsed crypto exchange FTX was “disappointing and caused reputational damage” to the city-state. But the loss of …
South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence Read More »
Chinese factory activity beats expectations and contracts for second straight month Official China Manufacture Purchasing Managers Index for November came in at 48, below the 50 point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential …
China’s factory activity data misses expectations; Asia-Pacific markets mostly higher Read More »
G-7 proposed price cap may have no effect on Russia, says Wood Mackenzie Group of Seven (G7) Nations proposed price cap for Russian oil between $65 and $70 a barrel may not be a significant deterrent to Moscow, according to Wood Mackenzie. The planned cap shouldn’t hurt Russia’s oil revenue, as the oil prices that …
Foxconn says new hires raised pay issues, ongoing communication adds Apple major supplier foxcon said new hires at its iPhone factory in Zhengzhou “have appealed to the company” regarding compensation, according to a statement on its website. The statement comes after the media reported a mass protest by hundreds of workers appears to have been …