The Fed probably won't be delivering any interest rate cuts this summer
Investors likely will have to sweat out a summer during which it looks increasingly improbable that the Federal Reserve will be cutting interest rates.
Economy asian news
Indonesia to apply for CPTPP membership this year: minister
TOKYO -- Indonesia will apply to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership trade pact "within this year," Coordinating Minister for Economic Affairs Airlangga Hartarto said Friday, seeking a faster export boost than from bilateral deals.
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.
China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.
China has a housing problem. A very big one. It has nearly four million apartments that no one wants to buy, a combined expanse of unwanted living space roughly the area of Philadelphia.
'We have failed economically': Bhutan turns to 'Gross National Happiness 2.0' as crisis deepens
Bhutan's governing philosophy of "Gross National Happiness" has been heralded the world over for balancing economic growth with the well-being of its citizens.
Singapore says Taiwan one of most ‘dangerous flashpoints’ in Beijing’s rivalry with US
“Taiwan is one of the most sensitive issues in US-China relations,” Gan said at the Nikkei Forum in Tokyo. “Any clash in the Taiwan Strait will have dire consequences not just for the parties involved, but the entire world.”
Japan to address unfair startup contracts to breed more unicorns
TOKYO -- The Japanese government plans to create an environment that is more conducive to the birth of billion-dollar-plus unicorn companies by helping startups sign fairer contracts with large enterprises.
Vietnam working to avoid power shortage 'bottleneck' this year: deputy PM
TOKYO -- Vietnamese Deputy Prime Minister Le Minh Khai on Thursday expressed confidence that power grid improvements will help avoid a repeat of the electricity shortages that hurt the economy in last year's peak season.