Tag: Breaking News: Asia
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Indonesia’s new finance minister faces an uphill battle on fiscal credibility
Nazara, sworn in hours after Purbaya’s dismissal, spent seven years as deputy finance minister and led the ministry’s fiscal policy agency from 2015 to 2019.
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Wealthy Chinese, tech talent confront tighter borders as Beijing widens exit controls
China’s new border-control regulations are designed to keep two of its most valuable assets from leaving the country: money and talent.
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China’s August retail sales miss forecast while investment slump deepens, piling pressure on Beijing
China’s investment slump deepened, retail sales growth slowed further in August while industrial output blew past estimates as Beijing warns of supply-demand imbalance.
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China-Philippines tensions simmer after Beijing rebukes Manila over Seoul clash
China and the Philippines have been locked in years of tension over their competing claims in the South China Sea, with friction intensifying in recent months.
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‘Saved the day’: How China helped keep the lid on oil price surge as Iran war disrupted supplies
China’s crude stockpiling and subsequent pullback on purchases since the war erupted in late February has helped the world avoid a deeper energy crisis.
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China’s wholesale inflation tops estimates in August on commodity costs, tech demand as consumer price increases meet forecast
Much of the anticipated pickup reflects a favorable base-effect comparison and higher commodity costs, rather than a genuine strengthening in household demand.
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China’s imports in August miss estimates as exports pick up pace amid calls for rebalancing trade
China’s exports and imports gathered momentum in August, as the world’s second-largest economy faces mounting pressure to rebalance trade.
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China pulls in Big Tobacco to help with smaller-than-expected finance-industry capital injections
With a bigger capital cushion, financial institutions may also be asked to do more to mobilize resources in capital markets, analysts say.
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European Union joins U.S.-led ‘Operation Economic Outcast’ as Iran cries foul
The bloc’s endorsement came as the Group of 20 finance ministers and central bank governors gathered in Asheville, North Carolina, earlier this week.
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