South Korean Central Bank Stresses Financial Stability amid Soaring Household Debt
In the face of mounting household debt, the Bank of Korea (BOK) is underscoring the vital importance of effectively managing…
Chinese Government Imposes $984 Million Sanction on Ant Group Concluding Regulatory Overhaul
The Chinese government has announced a staggering 7.12 billion yuan ($984 million) sanction against Ant Group, effectively concluding a comprehensive…
South Korea’s Manufacturing Sector Facing Prolonged Contraction
South Korea’s manufacturing sector experienced a deepening downturn in June as factory activity contracted for the 12th consecutive month, according…
US Considers Tightening AI Chip Export Restrictions to China
Officials in the United States are contemplating stricter export regulations on artificial intelligence (AI) chips bound for China, focusing primarily…
Honda Recalls 1.3 Million Vehicles Worldwide Over Rearview Camera Issue
Honda has announced a major recall of 1.3 million vehicles worldwide, citing a problem with the rearview camera. The recall…
UBS to Cut Asia Investment Banking Positions at Credit Suisse Following Acquisition
UBS has announced its decision to eliminate several Asia investment banking positions at Credit Suisse. The move comes as part…
Qatar Strengthens Energy Ties with China, Secures Major Gas Supply Agreement
In a move that solidifies their energy partnership, Qatar has secured a second significant gas supply agreement with a Chinese…
Japan’s Exports Experience Unexpected Rise
Japan’s exports experienced an unexpected rise in May, marking the 27th consecutive month of growth, according to recent data. The…
Chinese Commercial Institutions Lower Yuan Deposit Rates
In a bid to ease the strain on banks’ profit margins, several Chinese commercial institutions have taken significant measures by…
Australian House Prices Surge for Third Consecutive Month
Property prices in Australia have surged for the third consecutive month, as limited housing supply and robust demand continue to…