Hong Kong’s benchmark stock index fell to the brink of a correction Wednesday as growing geopolitical concerns and doubts over the strength of China’s economy spurred a rethink on the market’s outlook.
For more than half a century, Japan’s corporate giants have held annual negotiations with labor unions to decide pay increases for the year ahead. Never have those talks meant so much to so many beyond the workers themselves.
Hong Kong stock traders may no longer get their “typhoon holidays” as the city’s bourse explores arrangements to continue trading under severe weather.
Two of Japan’s biggest automakers agreed to the biggest wage hikes in decades in an early sign of momentum in annual pay negotiations as the central bank looks for evidence of a wage-price cycle that could lead to policy change.
Commodities are poised to rally in 2023 as China recovers, US inflation proves to be benign, and Russian oil production contracts, according to Goldman Sachs Group Inc.’s Jeff Currie.
The chief of Taiwan’s military told a local magazine the island’s forces could repel an initial attack from China if they are well-prepared.
Chinese President Xi Jinping urged the country to accelerate fundamental scientific research so it can become self-reliant in critical technologies, capping a series of government proclamations in past days about the need to counter Washington’s sanctions on everything from semiconductors to software.
The argument that crypto is an alternative to fiat currency has been settled following last year’s turmoil in the digital-asset sector, according to Agustin Carstens, the head of the Bank for International Settlements.
Rio Tinto Group reported lower-than-expected profits and slashed its dividend on weak demand for iron ore, aluminum and copper from a lockdown-hit China.
Pakistan pledged to pay its sovereign debt obligations this year as it treads close to a possible default with foreign-exchange reserves covering less than a month of imports.
