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China Economy
China’s container bookings to plunge up to 60% as US tariffs wipe out trade
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Global Economy
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Science
The Chinese AI scientists dying in the pursuit of greatness
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United States & Canada
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United States
S&P 500, Nasdaq gain on boost from US-Japan tariff talks
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European Union
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Banking & finance
US Treasury market sees historic yield curve steepening amid Trump’s trade war
Investors demanding higher yield to own 30-year Treasuries over two-year maturities has increased for nine straight weeks.
14 Apr 2025 - 12:43PM
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Singapore
Singapore braces for US-China trade war fallout with growth outlook downgrade
Is zero growth on the horizon? Singapore now fears its trade-reliant economy might flatline amid US tariffs and the trade war.
14 Apr 2025 - 12:07PM
Hong Kong economy
Weaker yuan boon for Hong Kong shoppers but bane of retail sector: analysts
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13 Apr 2025 - 4:13PM
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Americas and the Caribbean
Argentina seals US$20 billion IMF deal, tears down currency controls
The IMF will first disburse US$12 billion, with another US$2 billion by June, as Argentina’s central bank set to undo fixed currency peg.
12 Apr 2025 - 4:28PM
Malaysia
Malaysia faces US tariffs from position of strength, central bank says
Forget rate cuts, Bank Negara Malaysia insists the country’s economic fundamentals can withstand Trump’s tariff onslaught.
9 Apr 2025 - 11:34AM
Hong Kong economy
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Hong Kong better prepared with Beijing backing for uphill battle ahead
China has many levers at its disposal to support both its and Hong Kong’s stock markets during Donald Trump’s senseless trade war.
9 Apr 2025 - 8:15AM
Banking & finance
China’s central bank plans to name money launderers to curb financial crimes
The People’s Bank of China has added a column to its website listing entities at high risk for money laundering in advance of an international review.
7 Apr 2025 - 6:19PM
Yuan
China opts for stability over devaluation as tariff tremors give yuan a jolt
The yuan’s midpoint rate was set to a four-month low, but did not overshoot the 7.2 benchmark, suggesting devaluation not yet on the agenda.
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US-China trade war
China’s ‘national team’ intervenes to stabilise markets after Beijing’s pledge of support
The move comes after Communist Party newspaper suggested Beijing has policy tools ready to counter the fallout from a US trade war.
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US-China relations
US pressures Argentina’s Milei to scrap currency swap accord with China
Trump adviser says Washington would withhold support for Buenos Aires loan request to IMF if it reinforces China’s ‘position’ in Argentina.
5 Apr 2025 - 5:18AM
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Singapore
Ahead of Trump’s tariffs, most MNCs in Singapore worry about slowdown: survey
The survey by AmChamSG, conducted before Trump’s 10 per cent universal tariff move, reveals fears over rising costs and supply disruptions.
7 Apr 2025 - 1:33PM
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Bangladesh
Bangladesh’s ‘remittance warriors’ deliver record US$3 billion boost
The surge in money being sent home by overseas workers is a vote of confidence in Muhammad Yunus’ transitional government, observers say.
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China's economic recovery
China’s capital outflow pressure may continue for now, top economists warn
Article on social media suggests US policy, low consumer sentiment will continue to motivate capital flight, though movement is likely to be slower.
31 Mar 2025 - 3:00PM
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Banking & finance
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World is ready to cut US dollar down to size – but not too quickly
The US dollar is too central to the global financial system for the so-called Mar-a-Lago Accord to find traction outside the US. But the search is on for alternatives.
29 Mar 2025 - 5:31PM
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Banking & finance
Chinese state banks’ 2024 profits rise, NPLs dip even as margins thin
All six state-owned commercial banks posted moderate profit growth for last year, as non-performing loan ratios declined slightly.
28 Mar 2025 - 6:32PM
Icons and Influencers
Meet Canada’s new first lady, economist and author Diana Fox Carney
Diana met her husband, new Canadian PM Mark Carney, at Oxford University, where they both played ice hockey – they now have 4 daughters and she is an economist who has spoken out against consumerism.
27 Mar 2025 - 6:00PM
Indonesia
Indonesian rupiah’s low spotlights Prabowo policy concerns, global uncertainty
The decline in the currency led the central bank to intervene, stabilising the rupiah and restoring confidence.
26 Mar 2025 - 12:15PM
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Indonesia
‘Dream team’ of Jokowi, ex-Thai PM, Bridgewater’s Dalio to advise Indonesian fund
Danantara Indonesia’s sovereign fund, targeting 8 per cent growth by 2029, enlisted ex-presidents and global experts to manage a potential US$900 billion in assets.
25 Mar 2025 - 10:19AM
Canada
Canadian PM Carney calls April 28 election as Trump looms over race
Polls show a close contest between Prime Minister Mark Carney and Conservative leader Pierre Poilievre.
24 Mar 2025 - 4:39PM
Canada
Canada’s PM Carney expected to call for April 28 snap election
The next election is not due until October 20, but Carney is hoping to capitalise on a remarkable recovery by his Liberal Party in the polls.
21 Mar 2025 - 7:11AM
Hong Kong Monetary Authority (HKMA)
Hong Kong banks keep their prime rates steady after HKMA, Fed hold fire
The Fed is seen cutting rates again by midyear, while Hong Kong banks may lower their prime rates by 0.125 percentage points.
20 Mar 2025 - 6:11PM
Banking & finance
The custodian of a third of China’s US$3.2 trillion reserves is hiring in Hong Kong
The firm is seeking trainees for fundamental research and systematic trading, according to a posting on HKCampusRecruitment.
19 Mar 2025 - 7:48AM
China and climate change
Chinese economist calls for bold action to fill climate leadership vacuum
Former central bank official says China can take up position abdicated by US if it adopts a strategy of mutual benefit in climate policy.
18 Mar 2025 - 5:00PM
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Canada
Canada’s PM Carney meets King Charles and Macron after Trump threats
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Canada
Mark Carney sworn in as Canadian prime minister, now faces Trump
The new PM says he can work with the US president, but that Trump’s talk of annexing Canada is ‘crazy’.
15 Mar 2025 - 2:35AM
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