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TOKYO/LONDON -- The flow of foreign money into Japanese stocks reached a 10-year high in fiscal 2023, driven by investment from the U.K. -- including Middle Eastern oil money via London -- as well as South Korea and China.
TOKYO -- Seven central banks will join with private-sector lenders to test the use of "tokenized" money on a digital ledger for faster, cheaper international transactions, which could mark a step toward a new settlement system.
SEOUL (Reuters) -- North Korea successfully test-fired a new hypersonic missile, state news agency KCNA said on Wednesday, the latest step in a plan its leader Kim Jong Un described as aimed at using solid fuel to power missiles of all ranges.
Amazon's cloud computing division is laying off hundreds of employees in its physical stores technology and sales and marketing units, the company confirmed Wednesday.
The East Asian nation hopes to reinforce its reputation as a nation that promotes the rule of law in international disputes and to play a larger role in regional diplomacy, analysts told This Week in Asia.
Inflation in the 20-nation euro zone eased to 2.4% in March, according to flash figures published by the European Union's statistics agency Wednesday, boosting expectations for interest rate cuts to begin in the summer.
Atlanta Federal Reserve President Raphael Bostic expressed concern Wednesday about the pace of inflation and indicated he doesn't think interest rate cuts should come until much later in the year.
TAIPEI, Taiwan (AP) — Taiwan was struck Wednesday by its most powerful earthquake in a quarter of a century. At least nine people were killed and hundreds injured, buildings and highways damaged and train service interrupted.