Bank of Korea Governor Rhee Chang-yong said the central bank will do its best to coordinate policy with the government to ensure the economy has a soft landing at a time when the country faces an array of headwinds from falling exports to a weakening property market.
The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel.
Japan plans to boost financial support to households to move away from the capital to combat depopulation in other areas of the country, according to multiple local media reports.
In three decades at Samsung Electronics Co., Yang Hyang-ja helped shape the 84-year-old conglomerate’s present dominance in global memory chipmaking. Now, she’s taking on a far broader challenge: ensuring Korea remains relevant as the US and China fight over semiconductors.
South Korea’s government plans to hike tax breaks for big chip companies’ capex to as much as 25%, after President Yoon Suk Yeol called for bigger incentives to fuel the critical sector.
Turkish consumer inflation probably fell at the steepest pace in nearly 28 years, but public spending ahead of elections is set to keep price gains among the world’s highest.
Foxconn Technology Group has brought the world’s largest iPhone plant to about 90% of anticipated peak capacity, suggesting Apple Inc.’s biggest main production partner has secured enough workers despite a Covid resurgence and recent staff upheaval.
Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand.
The yen advanced to a six-month high versus the dollar as Japan’s decision to raise its bond-yield cap last month stoked bets the nation may tighten policy even more.
China’s economy ended the year in a major slump as business and consumer spending plunged in December, with more disruption likely in the first few months of the year as Covid infections surge across the country.
