Chinese real estate investment slumped further in May, showing both extended weakness in a key engine for economic growth and the challenges facing the nation’s cash-strapped developers.
India’s largest asset manager is forecasting a stronger performance for the rupee in the second half of the year, helped by easing oil prices and cooling intervention by the central bank.
Japanese Prime Minister Fumio Kishida’s $25 billion package of measures to boost the birthrate of the country’s shrinking population is unlikely to be the game changer he has called for or a big vote winner should he call an early election.
Australia’s yield curve inverted for the first time since the financial crisis as traders increasingly priced in the risk of a recession.
The Michelin Guide has named 19 new eateries on the Bib Gourmands, its value-for-money list, in Singapore.
Prime Minister Justin Trudeau’s government stopped Canada’s work with the Asian Infrastructure Investment Bank while it investigates claims the institution faces substantial interference from the Chinese government.
Australian employment smashed expectations in May and unemployment surprisingly declined, bolstering the case for the Reserve Bank to raise interest rates further to counter inflationary pressures.
Hysata Pty Ltd., an Australian clean energy technology startup, is working with Morgan Stanley to help raise as much as A$100 million ($68 million) in a series B round.
Europe’s biggest money manager is seeking opportunities in Japan’s cheap construction stocks as the sector reduces cross-shareholdings and increases returns for investors.
Secretary of State Antony Blinken’s last attempt to visit China was derailed by an alleged Chinese spy balloon. Now he’s ready to try again, departing Friday for a two-day trip aimed at stabilizing ties with the world’s second-largest economy and reducing the risk that miscommunication ignites conflict between the two superpowers.
