Tag: Breaking News: Asia
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Trump says Iran talks to resume Monday after calling off planned strikes
The latest peace proposal calls for warring parties to return to negotiations and continue working out some of the thorny issues that derailed diplomatic efforts.
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BOJ holds rates at 1%, warns of core inflation exceeding 2% target
The decision comes as speculation continues to swirl around whether the Bank of Japan will hike rates at a faster pace.
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Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
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Trump plans steep tariffs on generic drugs starting in 2028 to spur U.S. production
The phased schedule is intended to push generic drugmakers to move production onshore.
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Japan exports and imports grow at fastest pace in June since November 2022, beating estimates
Exports climbed 19.3%, while imports spiked 25.4% compared to June last year.
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Bank of Korea raises rates to 2.75% in first hike in over three years
The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.
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China posts slowest GDP growth since 2022 at 4.3%, missing expectations
That second-quarter growth came below Beijing’s full-year growth target range of 4.5% to 5%, the least ambitious goal in decades.
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China exports in June jump at fastest pace since 2021 as AI boom, tariff rush lift trade
China’s trade growth accelerated far more than expected in June, as booming global demand for AI hardware and a rush by exporters to beat anticipated tariff hikes turbocharged shipments.
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China consumer price growth weakens in June while producer inflation rises on export orders
Investors increasingly view China’s two-speed growth with robust export and tepid domestic demand as a defining long-term feature of the Chinese economy.
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Russia launches massive strike on Ukraine as Poland scrambles jets, Finland restricts airspace
The Russian defence ministry said that it launched a “massive strike using long-range precision air, land, and sea-based weapons and attack drones.”
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