Asia Economy

Pictured here is a science-fiction themed installation at the Maison Hermes in Shanghai, China, on Nov. 28, 2022.Future Publishing | Future Publishing | Getty ImagesBEIJING — Wealthier Chinese were more inclined to spend this year, while…
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Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute."Inflation has seen its peak this year, but…
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Shares of U.S.-listed Chinese companies rise in pre-market tradeU.S.-listed shares of Chinese technology companies rose in pre-market trade after Chinese health authorities reported a recent uptick in senior vaccination rates.Alibaba…
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Bitcoin briefly crosses $17,000 to highest levels since mid-NovemberThe price of bitcoin briefly surpassed $17,000 in Asia's morning session for the first time since mid-November.Bitcoin rose 2.2% from the 24 hours previous, according to…
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India stocks reach historic high levelsIndian stocks reached new highs in Monday's session.The Nifty 50 index, the flagship index on the National Stock Exchange of India, touched 18,611.05, breaching the previous intraday all-time high…
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Australia's central bank hikes rates by 25 basis points as expectedThe Reserve Bank of Australia raised interest rates by 25 basis points to 3.1% on Tuesday, in line with analysts forecast in a Reuters poll.That's the central bank's…
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China could reportedly reopen border with Hong Kong before Lunar New YearChina may scrap quarantine requirements for Hong Kong residents traveling to the mainland before Lunar New Year next month as part of the latest slew of reopening…
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Hong Kong movers: Reopening and tech stocks drop as China reports Covid-related deathsJapan trading houses rise as Berkshire Hathaway reportedly boosts stakeShares of some Japanese trading houses rose early in the Asia session, despite…
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Singapore won't take sides in geopolitical conflicts and will instead take positions that support the rule of law, the country's Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia Pacific summit in…
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An Hour AgoShares of Adani Group companies slump by almost 20%Shares of Adani Group companies lost almost 20% as vote counting for India's election indicated a closer-than-expected contest between the BJP-led NDA and the Congress-led…
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