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UNITED STATES consumer prices jumped more than expected in May, up 5.4% on a year-on-year (y-o-y) basis, the highest since the summer of 2008, when oil prices were skyrocketing.
Asian shares were mixed Tuesday after a Wall Street rally that reflected some optimism about the economy recovering from the pandemic.
BEIJING: China’s foreign exchange (forex) regulator highlighted specific measures to further promote two-way opening-up of the financial market, mainly through steadily freeing up cross-border capital flows and improving the yuan exchange rate regime.
HONG KONG, Nov 8 (SCMP): Virtual gathering of Shanghai Cooperation Organisation to be the first for leaders of China and India since their bloody Himalayan border clash in MayBut the meeting is expected to strengthen Beijing’s hand in the region, observers say
by Lukas Heiwolt
The stronger-than-expected U.S. economic rebound from coronavirus lows could set up an early test for the Federal Reserve's new pledge to keep interest rates near zero and its increased tolerance for inflation.
SINGAPORE: Thai shares languished at a six-month low on Monday as escalating anti-government protests threatened to further erode investor confidence in the country and heaped further pressure on the region's worst performing stock market this year.
BEIJING: Activity in China's factories extended solid growth in September as payrolls expanded for the first time this year and overseas demand surged, a private survey showed on Monday, adding further momentum to an economy recovering from the coronavirus crisis.
BANGKOK: Economic indicators for August show significant improvement from July but suggest the economy is still contracting, according to the Finance Ministry.