TOKYO: Japan’s exports fell for a fourth straight month in March as China-bound shipments slumped again, reinforcing growing anxiety that weak external demand may have knocked the economy into contraction in the first quarter. Ministry of Finance data out yesterday showed exports fell 2.4 percent in March from a year
BEIJING: New home prices in China grew slightly faster in March after growth slowed the previous month, putting a floor under the cooling market, as Beijing rolled out stimulus to boost the economy. The sector’s solid growth could cushion the impact of a vigorous multi-year government crackdown on debt and
MONTREAL/SINGAPORE/SHANGHAI: Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China’s growing elite, despite the country’s slowing economy. The Asian Business Aviation Conference & Exhibition, (ABACE) opened yesterday in Shanghai under a cloud of economic
HONG KONG: The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters. The two join Morgan Stanley and JPMorgan, both of which
WASHINGTON: President Donald Trump said on Sunday that actions by the US Federal Reserve have nicked US economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession. Trump’s latest broadside against the central
HONG KONG: Asia’s internet firms are challenging the region’s traditional banks for consumer finances, tapping their massive user networks for business and following a trail blazed in China by tech giants Alibaba and Tencent. The push into banking by companies better known for their messaging apps, cute emojis and online
Indonesians to vote in world’s biggest single-day election JAKARTA: Tens of millions of Indonesians will vote in presidential and parliamentary elections this week after campaigns focused on the economy, but with political Islam looming ever larger in the world’s biggest Muslim-majority nation. President Joko Widodo, a former furniture salesman who
LOS ANGELES: The world’s largest aircraft took off over the Mojave Desert in California on Saturday, the first flight for the carbon-composite plane built by Stratolaunch Systems Corp, started by late Microsoft co-founder Paul Allen, as the company enters the lucrative private space market. The white airplane called Roc, which
SYDNEY: Three dozen Australian journalists and publishers are to face court today over their coverage of Cardinal George Pell’s trial for child sex abuse, with prosecutors seeking fines and jail terms over accusations of breached gag orders in the case. Prosecutors in the south-eastern state of Victoria have accused the
WASHINGTON: Protectionism has harmed mutual trust among countries and limited the scope for multilateral cooperation, a vice governor of China’s central bank said on Saturday, taking a swipe at the Trump administration’s ‘America First’ trade policies. Chen Yulu, a vice governor at the People’s Bank of China (PBOC), urged the
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