China vowed to expand fiscal spending “appropriately” next year while “optimizing” policy tools including fiscal deficit and special debt as part of efforts to support the nation’s key strategic development.
South Korean President Yoon Suk Yeol ordered his government to devise stronger incentives to drive its chip industry, accusing opposition lawmakers of impeding that critical effort as other countries spend billions on semiconductor policy support.
Futu Holdings Ltd., a Chinese online broker backed by Tencent Holdings Ltd., has abruptly postponed its Hong Kong listing less than a day before its scheduled debut on Friday.
In a year when global markets were tethered to anticipation over the end to China’s Covid-Zero policy, the nation’s virus rules and its abrupt unwinding heavily influenced local stock winners and losers.
Economic activity is rebounding in several Chinese cities where Covid infections likely already peaked, although many parts of the country are still grappling with soaring cases and mobility is still far below levels reached a few months ago.
US military forces and their allies in Iraq and Syria killed almost 700 Islamic State operatives, including several of the organization’s leaders, in 2022, according to the US Central Command.
China could see as many as 25,000 deaths a day from Covid-19 later in January, casting a shadow over the start of the first Lunar New Year festivities without pandemic restrictions.
Hong Kong scrapped its closed-loop requirement for international airline crews late on Thursday, ending almost two years of pandemic-related restrictions on flight staff.
(Bloomberg) — South Korea’s inflation stayed strong enough in December to justify another interest rate hike in the new year as the central bank edges closer to the end of its policy-tightening cycle.
President Joe Biden signed a $1.7 trillion government funding bill that includes $47 billion in additional aid for Ukraine in a victory for Democrats who feared that Republicans who will have control of the House in January could force deeper spending cuts and block assistance to Kyiv.
