Japan’s Huge GDP Beat Driven by Exports as Domestic Demand Falls
Japan’s economy expanded at a much faster clip than forecast, as a surge in exports more than offset weaker-than-expected results for both business investment and private consumption.
Japan’s economy expanded at a much faster clip than forecast, as a surge in exports more than offset weaker-than-expected results for both business investment and private consumption.
China’s gold price is rising against levels in London, a trend that local traders say is due to government curbs on imports of the precious metal.
National Australia Bank plans to buy back as much as A$1.5 billion ($970 million) of its shares to help further bolster its balance sheet.
Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.
Singapore presidential hopeful George Goh plans to introduce an annual report card on the president’s performance if he’s elected, in a push to create a more “open and inclusive” office.
Treasury Secretary Janet Yellen called China’s economic woes a “risk factor” for the US, but one that doesn’t significantly dent her optimism for the American economy.
Former President Donald Trump’s latest financial disclosure revealed a sprawling portfolio that includes everything from his primary residence to revenue from resorts and crypto that he could theoretically tap to fuel his 2024 White House comeback bid.
China’s yuan is plumbing fresh lows for the year with the central bank’s favorite tool for guiding the managed currency quickly losing its effectiveness.
Banks and the stock exchange in Hong Kong are discussing ways to revive moribund trading volumes.
Argentina intends to ask the International Monetary Fund to increase a disbursement planned for later this month by an unspecified amount, a senior government official said after the central bank was forced to devalue its official exchange rate by 18%.