Tag: Breaking News: Asia
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Japan wholesale inflation eases slightly to 7.2%, undershooting expectations
The PPI reading was lower than the 7.4% expected by economists polled by Reuters, and was down from a revised 7.3% seen in June.
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India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year
India’s inflation rises for the ninth month in a row, raising the odds in favor of a rate hike later this year.
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Trump claims total control of Hormuz, demands Iran pay reparations as standoff deepens
The dueling positions Washington and Tehran staked out showed how far apart the two sides remain even as both talked of winding down regional hostilities.
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U.S. reaffirms grip on Hormuz blockade, turning away 55 ships as talks stall
The escalating tally underscores how far the two sides remain from resolving a crisis that has choked the Strait of Hormuz for more than five months.
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Hormuz closure clouds China’s crude imports after they hit a 3-month high in July
China’s crude oil imports recorded a smaller decline in July, though the recovery may be short-lived, as the conflict drags on and demand remains soft.
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China’s exports jump 23% in July, beating estimates; imports cool
China’s exports rose more than expected in July, as global demand for high-tech components continues to absorb the country’s manufactured goods.
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Iran’s chief negotiator accuses Trump of ‘theater diplomacy’ with Hormuz traffic near standstill
The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.
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Beijing flips the script on the U.S. tech war — and tests the truce weeks before Xi’s visit
China unleashed its broadest package of trade countermeasures since last October’s trade truce, pushing back against a string of recent U.S. restrictions.
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China’s super-rich ‘in shock’ and hunting for cash as Beijing issues surprise tax on offshore trusts
Beijing’s move to tax offshore trusts, long used by China’s ultra-rich to hold money, has set off a rush to lawyers and a scramble for cash.
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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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