Britain’s economic growth will fall further behind the euro area next year, and inflation will remain stubbornly high, according to new forecasts that paint a bleak backdrop for the next general election.
Chinese banks’ profits may take a hit as policymakers urge lenders to lower the refinancing costs on $5.4 trillion of home loans, adding further pressure on the sector to help revive the nation’s flagging economy.
Support for Japanese Prime Minister Fumio Kishida’s cabinet fell, amid concerns over problems with a national ID card and the release of treated wastewater from the Fukushima nuclear site.
Indonesia named Budi Arie Setiadi as the new minister of communications and information technology, replacing Johnny Gerard Plate who was detained as part of an ongoing corruption case.
China’s central bank scaled back its injection of medium-term policy loans, as it keeps liquidity support measured for the struggling economy.
Two major Chinese chip equipment makers are predicting a doubling in profits after the US clamped on exports of American technology, forcing manufacturers to rely on homegrown alternatives.
PT Nusantara Sejahtera Raya, the largest cinema chain operator in Indonesia, raised about 2.25 trillion rupiah ($150 million) after pricing its initial public offering at the bottom of a marketed range, according to people familiar with the matter.
Not even a dovish Reserve Bank of New Zealand has prevented a kiwi rebound extending, but that’s not stopping some investors from positioning for weakness with one eye on this week’s key inflation data.
Artwork and statues in China’s Dunhuang caves have survived sandstorms, political upheaval and tourists for more than a millennium. Now preservationists fear they’re facing their most unrelenting foe yet — climate change.
Hedge funds turned the most bearish on the yen in more than a year just as the currency was in the midst of a two-week rally.
