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Business

China's yuan falls against dollar, raising questions about weaker currency to boost exports

Aug 17, 2023

China’s yuan has dipped briefly to a 16-year low against the dollar, raising questions about whether Beijing might weaken its currency to help struggling exporters and reverse a deepening economic slump

Aug 17, 2023

Stock market today: Asia follows Wall Street lower after Fed's notes dent hopes of rate hikes ending

Asian stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes interest rate hikes are finished

Aug 17, 2023

Stock market today: Global shares sink after Fed notes dent hopes of rate hikes ending

Global stocks have followed Wall Street lower after notes from a U.S. Federal Reserve meeting dented hopes that interest rate hikes are finished

Aug 17, 2023

Stock market today: Asian shares mostly decline after Wall Street drop on higher bond yields

Asian shares have slipped as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. Benchmarks fell in Tokyo, Hong Kong, Shanghai and Seoul, while rising slightly in Sydney

Aug 17, 2023

China's Xi calls for patience as Communist Party tries to reverse economic slump

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said the West’s pursuit of material wealth led to “spiritual poverty.”

Aug 17, 2023

China's government tries to defuse economic fears after real estate developer's debt struggle

China’s government is trying to reassure jittery homebuyers after a major real estate developer missed a payment on its multibillion-dollar debt, reviving fears about the industry’s shaky finances and their impact on the struggling Chinese economy

Aug 15, 2023

Stock market today: Asia shares decline as faltering Chinese economy sets off global slide

Asian shares have declined amid worries over discouraging data on China, as well as over the future of the U.S. economy

Aug 15, 2023

Japanese economic growth surges on strong exports and tourism

Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered

Aug 14, 2023

Stock market today: Asian stocks mixed after China reports weak July data and cuts key interest rate

Asian stock markets are mixed after China reported weak July consumer and business activity and its central bank cut a key interest rate to shore up the struggling economy

Aug 14, 2023

Stock market today: Asia follows Wall Street lower after US data revive fears about rate hike

Asian stock markets have tumbled after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again