Asia Economy

Turkey’s bid for BRICS both strategic and symbolic step, analysts say

Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod,…

Federal Reserve will opt for slow policy easing as there’s ‘still work to do’ on inflation, Fitch says

The U.S. Federal Reserve’s easing cycle will be “mild” by historical standards when it starts cutting rates at its September…

Harris says Trump ‘sold us out on China’: Highlights from the presidential debate on trade and tariffs

Donald Trump and Kamala Harris clashed on China policy during the presidential debate hosted by ABC News on Tuesday night…

‘Spook the West’: Turkey’s bid for BRICS both a strategic and symbolic step, analysts say

Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country…

7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company

Seven & i Holdings has rejected the takeover offer from Canadian convenience store operator Alimentation Couche-Tard, saying the offer “is…

China’s central bank says risks from local government debt have dropped

BEIJING — China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said…

Singapore’s monetary authority sets up review group in bid to revive its equities market

Singapore’s central bank established a task force to bolster the city-state’s stock market. The Monetary Authority of Singapore announced that…

China’s Communist Party removes ex-foreign, defence ministers from top body

China’s Communist Party removed its former foreign and defence ministers, Qin Gang and Li Shangfu, from its Central Committee on…

U.S.-China tensions are not a ‘new Cold War,’ veteran Singapore diplomat Bilahari Kausikan says

While some may characterize tensions between the U.S. and China as a “new Cold War,” Bilahari Kausikan, Singapore’s former permanent…

Japan is worried about another ‘transactional’ Trump presidency, Tokyo-based expert says

There is a lot of uncertainty in Japan about the next few years as a “transactional” Donald Trump’s possible return…