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Asia
Asia
Japan exports fall for first time in 10 months in September, trade deficit reaches $1.97 billion
Soft demand in China and slowing U.S. growth weighed on Japan's exports
Asia
South Korea to provide $6.45 billion in financial support for semiconductor industry by 2025
The government will allocate 1.7 trillion won next year for chip R&D and talent developmentÂ
Asia
China reveals world’s largest floating offshore wind turbine, generating 62 million kWh annually for 37,000 homes
This turbine has a 260-meter diameter wind wheel and a sweeping area of 53,100 square meters
Asia
China advances green finance with 19 key measures
The guideline highlights the green transformation of industries and ecosystem restoration
Asia
Japan’s inflation climbs 2.8 percent in September amid rising transportation, fertilizer costs
Egg prices have also surged due to unseasonably warm weatherÂ
Asia
South Korea reports $1.7 billion increase in revenue, yet faces $62.43 billion fiscal deficit in first 8 months of 2024
The finance ministry noted that this year's deficit is the third-largest ever for the specified timeframe
Asia
India’s Central Bank holds rates as GDP growth projected at 7.2 percent for 2024-25 and 7.3 percent for Q1 2025-26
The Central Bank kept the repo rate steady at 6.5 percent
Asia
South Korea’s foreign reserves up for third month to $419.97 billion in September 2024
The BOK attributed the rise to higher non-dollar asset values, driven by a weaker U.S. dollar and investment gainsÂ
Asia
South Korea’s inflation slows to 3.5 year low of 1.6 percent in September
September's figure marked the lowest inflation level since February 2021 when consumer prices grew 1.4 percent
Asia
Japan’s unemployment rate drops to 2.5 percent in August as employment reaches record levels of 67.91 million
The number of unemployed persons fell by 8.0 percent to 1.72 millionÂ
Asia
China’s external financial assets surpass $9.79 trillion by end of June
Financial liabilities exceeded $6.8 trillion at the same date, resulting in net external assets of nearly $2.99 trillionÂ
Asia
Japan’s manufacturing sector deteriorates slightly in September on weaker demand, says PMI
Japan's manufacturing PMI declined from 49.8 in August to 49.7 in September, indicating a slight slip in overall operating conditions
Asia
India dominates global IPO landscape with over 220 deals worth $12.2 billion: Report
The U.S. came in second with 133 deals of $23.1 billion while China ranked third with 69 transactions worth $5.3 billion
Asia
South Korea, China, and Japan unite to tackle plastic pollution
The three countries agreed to strengthen cooperation in reducing yellow dust levels, particularly in collaboration with MongoliaÂ
Asia
China’s international trade reaches $585.2 billion in August, 4 percent YoY growth
The nation's exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion
Asia
Russia remains one of leading energy market players despite challenges, says Putin
Russia's oil exports to Asia-Pacific region grew 1.5-fold and already exceeded 60 percent
Asia
South Korea’s foreign currency deposits rise to $100.41 billion, up $5.97 billion in August 2024Â
This marks an increase of $5.97 billion from the prior month
Asia
South Korea’s public account deficit narrows to $34.8 billion in 2023
South Korea's public account logged a deficit for the fourth straight year due to economic uncertainties
Asia
Japan can raise renewable energy share to 80 percent by 2035: Report
Japan can reduce its CO2 emissions by 65 percent by increasing the number of storage batteries and grid interconnection
Asia
Japan’s land prices rise 1.4 percent as of July, marking three years of growth since 1992
This trend is attributed to heightened foreign investment spurred by the weak yenÂ
Asia
South Korea’s KASA, NASA collaborate on deep space exploration, lunar research, and space traffic management
The two entities pledged to identify innovative projects in space life sciences and deep space antennas
Asia
Bank of Japan maintains short-term rate steady at 0.25 percent, upgrades view on consumption
The Bank of Japan ended negative interest rates in March and hiked short-term rates to 0.25 percent in July
Asia
World Bank commits over $2 billion to support Bangladesh’s reforms
The Bank will reallocate $1 billion, totaling $3 billion in loans and grants for the fiscal year ending June 2025
Asia
China’s industrial output sees $6.4 billion export growth in August 2024
The industrial output, a key economic indicator, increased by 4.5 percent YoY in August
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