Asia markets trade lower as China cuts key 5-year lending rate
This is CNBC's live blog covering Asia-Pacific markets.
Trade asian news
The Fed is set to cut rates this year. Here are the Asian currencies that stand to benefit
The U.S. Federal Reserve is expected to cut interest rates later this year and, while that may not be good news for the dollar, some Asian currencies stand to benefit.
China Lunar New Year travel spending surpasses pre-Covid levels — is consumption revival in sight?
China's travel activity and spending jumped above pre-pandemic levels during the Lunar New year holiday, in a sign that consumption was improving in the world's second-largest economy.
Why is Japan hosting a conference for Ukraine reconstruction when it’s still at war? AP explains.
TOKYO (AP) — Japan is hosting a conference for Japanese and Ukrainian officials to discuss reconstruction of Ukraine just ahead of the two-year anniversary of Russia’s invasion, while the U.S. and other Western countries are still focusing on military aid for the battlefield. Hundreds of senior officials and executives are attending the Japan-Ukraine Conference for Promotion of Economic Growth and Reconstruction in Tokyo. AP explains the event, its purpose, who’s attending and the projects being discussed.
Mitsubishi Corp. to set up car dealer network in India
TOKYO/CHENNAI, India -- Japanese trading house Mitsubishi Corp. will enter the car sales business in India this summer, taking a stake of more than 30% in an Indian company that operates car dealerships in the South Asian nation.
Chinese foreign minister says trying to cut his country out of trade would be a historic mistake
MUNICH (AP) — China’s foreign minister told a gathering of international security policy officials Saturday that trying to shut China out of trade in the name of avoiding dependency would be a historic mistake.
WTO chief insists trade body remains relevant as tariff-wielding Trump makes a run at White House
GENEVA (AP) — The head of the World Trade Organization insisted Friday that it remains relevant and its leaders focus on reform “no matter who comes into power” as Donald Trump — who as U.S. president bypassed WTO rules by slapping tariffs on America’s friends and foes alike — makes another run at the White House.
UAW threatens to strike Ford truck plant in Kentucky if local issues aren't resolved
DETROIT — The United Auto Workers is threatening a labor strike at Ford Motor's largest U.S. plant if local union demands aren't resolved by next week.