Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
A widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months.
Economy asian news
Gen Z, social media helping fuel spiritual tourism in India
Spiritual tourism is seeing a boom in India thanks to the wide reach of social media and better transport connectivity.
Temasek's China strategy to focus on companies with big domestic demand
SINGAPORE -- Temasek Holdings will focus on investing in Chinese companies with large, domestic-focused businesses rather than those that depend on foreign markets, underscoring its cautious stance toward Asia's largest economy amid mounting geopolitical risk.
China's young people are 'revenge saving' even as Gen Zers around the world are piling up debt
Post-pandemic revenge spending is still continuing, but in one part of the world there's something starkly opposite happening — revenge saving.
‘Obscene’ amounts spent at Indian billionaire Ambani’s son’s wedding
Social media posts from Reliance and Bollywood stars have whipped up interest in the wedding that some are critical of.
China charms Hong Kong with economic boosts, from pandas to visas
HONG KONG -- The Chinese government has served up a fresh batch of economic measures for Hong Kong, coinciding with Monday's 27th anniversary of the handover from Britain and prompting the city's top leader to urge locals to be thankful.
U.S. economy added 206,000 jobs in June, unemployment rate rises to 4.1%
The U.S. economy again added slightly more jobs than expected in June though the unemployment rate increased, the Labor Department reported Friday.
Singapore Q2 GDP grew 2.9%, beating economist forecasts
SINGAPORE -- Singapore's economy grew 2.9% in the April to June period from a year earlier, preliminary data showed on Friday, after a revised 3.0% expansion in the previous quarter.