China has voiced its strong opposition to the recent U.S. investigation into its maritime, logistics, and shipbuilding industries. The Chinese Ministry of Commerce has labeled this move as a “mistake on top of a mistake,” emphasizing that the development of China’s industries is a result of technological innovation and active market competition, rather than unfair
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Singapore’s non-oil domestic exports experienced a drastic fall of 20.7% in March compared to the same period last year. This substantial decline was unexpected, with economists anticipating a much smaller decrease of 7%. The sharp drop in exports marks the largest recorded since January 2023, painting a bleak picture for Singapore’s trade industry. The decline
Federal Reserve Chair Jerome Powell recently expressed concern about the persistently high levels of inflation in the economy. Powell highlighted the lack of progress in bringing down price growth this year, indicating that interest rates may need to remain higher for longer in order to combat inflation. This cautious approach by the Fed reflects the
The Asia-Pacific markets faced a downward trend on Monday as traders assessed the repercussions of Iran’s recent drone and missile attacks on Israel. The attack, characterized as “unprecedented” by President Joe Biden, involved over 300 drones and missiles targeting military installations in Israel. The United States intervened to aid Israel in intercepting most of the
Iran’s recent attacks on Israel, as reported by U.S. officials, have significantly escalated tensions between the two nations. The potential consequences of these attacks extend far beyond just a localized conflict, with the possibility of triggering a regional war looming large. The launch of an airborne attack by Iran against Israel has raised alarm bells
The recent statements from Ukraine’s commander-in-chief of the armed forces, Oleksandr Syrskyi, paint a bleak picture of the situation in Eastern Ukraine. According to Syrskyi, the battlefield conditions in the region have taken a turn for the worse in recent days. The increased intensity of offensive actions by Russian forces following the presidential elections in
As Asia-Pacific markets gear up for a potential rebound, investors are closely eyeing key economic data set to be released in the region. China is expected to unveil its trade numbers for March, with economists forecasting a 2.3% year-on-year decline in exports. This comes on the heels of a lackluster inflation report from the country.
The commercial property sector in China is experiencing a surge in demand despite an overall slump in the real estate market. According to a report by property consultancy JLL, rents for prime retail locations in Beijing have seen a significant increase, with a 1.3% rise in the first three months of this year compared to
China’s economic activity heavily relies on the stabilization and growth of home prices. Richard Koo, chief economist at Nomura Research Institute, emphasized the need to convince people that home prices are on the rise to stimulate borrowing and spending. Without a positive narrative surrounding home prices, both businesses and consumers may remain hesitant to take
Analysts are bullish on the potential for India’s market capitalization to reach $40 trillion in the next 20 years. This optimism is driven by stronger investor confidence and robust economic growth in the country. Chief economist Sujan Hajra believes that hitting the $40 trillion mark is easily achievable, citing India’s strong economic growth and stable