India’s central bank cut interest rates more than expected on Friday, citing muted inflation and a need to kickstart economic growth as the impact of US tariffs weighed on the country’s outlook.The Reserve Bank of India (RBI) lowered the benchmark repo rate, the level at which it lends to commercial banks, by 50 basis points …
India’s central bank cuts rates more than expected to boost growth Read More »
Vietnam’s exports rose sharply last month, official figures showed Friday, as the communist country tries to negotiate relief from swingeing tariffs threatened by US President Donald Trump.May exports stood at $39.6 billion, according to data from the General Statistics Office, up 17 percent on the same period a year ago, while the year-to-date total reached …
Japan’s hopes of achieving its first soft touchdown on the Moon by a private company were dashed Friday when the mission was aborted after an assumed crash-landing, the startup said.Tokyo-based ispace had hoped to make history as only the third private firm — and the first outside the United States — to achieve a controlled …
Japanese company aborts Moon mission after assumed crash-landing Read More »
Asian markets stuttered Friday as optimism from “very positive” talks between presidents Donald Trump and Xi Jinping was wiped out by the stunning public row between the US leader and Elon Musk.The much-anticipated discussions between the heads of the world’s biggest economies fuelled hopes for an easing of tensions following the US leader’s “Liberation Day” …
Asian markets wobble as Trump-Xi talks offset by Musk row Read More »
Wall Street closed lower Thursday as a spat between President Donald Trump and his billionaire former aide Elon Musk spilled into the public eye, but global markets were mixed while investors assessed trade talks between Washington and Beijing.Major US indexes fell, with shares in Musk’s electric vehicle company Tesla tanking more than 14 percent as …
Trump-Xi call fuels market optimism but US stocks slip on Musk row Read More »
US President Donald Trump and Chinese leader Xi Jinping spoke Thursday, with both sides agreeing to talks to prevent an all-out trade war over tariffs and global rare earth supplies.Trump said the call reached a “very positive conclusion” and that they agreed to meet in person — but Beijing issued a more muted readout saying …
Trump, Xi hold long-awaited phone call on trade war Read More »
Gamers finally got their hands on Nintendo’s new Switch 2 on Thursday, the console that could score record early sales for the Japanese “Super Mario” creator.The device, which features a bigger screen and more processing power, is an upgrade to the Switch that became a global phenomenon with hit games such as “Animal Crossing”.The original …
Gamers get hold of Nintendo’s hotly awaited Switch 2 Read More »
The Indonesian government is allowing environmental damage including deforestation and violations against Indigenous people to go unchecked around a multi-billion dollar industrial park on a once-pristine eastern island, a report said Thursday.Indonesia is both the world’s largest nickel producer, and home to the biggest-known reserves, and a 2020 export ban has spurred a domestic industrial …
Indonesia allowing nickel industry abuses to go unchecked: report Read More »
Hundreds of protesting Myanmar tribespeople march up a hillside to a cavernous facility where a Chinese joint venture’s giant milling machines stand ready to grind up the rocks of their ancestral homeland for lead ore.Demand for the heavy metal is forecast to rise, driven by its use in the batteries needed for the global energy …
China lead mine plan weighs heavily on Myanmar tribe Read More »
Asian shares mostly rose Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week.Investors were also keeping track of developments in Donald Trump’s trade war and signs of movement on possible talks between the …
Most Asian markets rise as US data feeds rate-cut hopes Read More »
