Japanese Prime Minister Shinzo Abe said on Monday he will work to regain public trust after his party suffered an historic defeat in an election in the nation’s capital, signalling trouble for the premier amid tumbling support rates. The dismal showing for Abe’s Liberal Democratic Party (LDP) in Sunday’s Tokyo Metropolitan assembly election was a […]
Read moreThe Caixin China manufacturing purchasing manufacturers’ index (PMI) for June beat expectations, offering another signal that the world’s second-largest economy continues to defy expectations for a slowdown. The private survey came in at 50.4, marking a three-month high. It was up from May’s 49.6, which was an 11-month low, and beat a Reuters poll forecast […]
Read moreJapan’s Tankan report showed the Big Manufacturers Index for June came in higher than expected at +17, compared with a Reuters poll forecast for +15. The dollar/yen spiked as high as 112.38 after the data, before retreating to 112.27 at 8:26 a.m. HK/SIN. It was at 112.26 just before the release. The Big Manufacturers Index […]
Read moreAustralia‘s oldest newspaper publisher Fairfax Media on Monday said it had ceased discussions with two U.S private equity suitors, after neither lodged a binding offer for the company. The publisher last month fielded bids worth as much as A$2.87 billion ($2.2 billion) from TPG Capital Management LP and Hellman & Friedman, and both firms were […]
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The financial markets of Hong Kong have become increasingly intertwined with the mainland through the years, with the launch of the Shenzhen Connect in December last year an example of ongoing developments. Of the 1,995 companies listed on Hong Kong’s main board and Growth Enterprise Market in 2016, 989 were mainland companies, according to data […]
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Philippines President Rodrigo Duterte begins his second year in office on Saturday as a hugely popular leader, after taking Filipino’s on a promised “rough ride” during his first 12 months in power. The former mayor has been heavily criticized for a number of foreign policy U-turns, his confrontational style and, most notably, his administration’s unprecedented […]
Read moreChina urged the United States to revoke immediately its “wrong decision” to sell Taiwan $1.42 billion worth of arms, saying it contradicted a “consensus” President Xi Jinping reached with his counterpart, Donald Trump, in talks in April in Florida. The sales would send a very wrong message to “Taiwan independence” forces, China’s embassy in Washington […]
Read moreJapan’s central bank issued a rare apology on Friday over a board member’s praise for Adolf Hitler’s economic policies. Yutaka Harada, a member of the board of the Bank of Japan, told a seminar on Thursday Hitler’s economic policies had been “appropriate” and “wonderful” but had enabled the Nazi dictator to do “horrible” things to […]
Read moreSony Music is moving the needle on the way it produces music as demand for vinyl records continues to grow in Asia. From early-2018, the global record label is to resume in-house vinyl production at a Japanese factory in Tokyo. The launch marks almost three decades since the firm’s Japanese arm ceased production of the […]
Read moreOnline food takeaway company Delivery Hero appeared to whet investors’ appetite on Friday as its shares surged higher on the company’s stock market debut. “I’m glad we have had a good start but this is really about the long term… (it’s) about the next 10 to 15 years to build a very good service,” CEO […]
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