News
Stephen Miran, Trump's economic guru, is leaving the Fed. What happens now?
7+ hour, 51+ min ago (174+ words) Miran quit his job as a Trump economic adviser to join the US Federal Reserve board, where he became known as a vocal dove The move is also sparking speculation about what comes next for Miran " a former top economic…...
Western powers ramp up support for Philippines" Luzon economic hub
8+ hour, 43+ min ago (165+ words) Eight more countries will invest in the project as they accelerate regional trade diversification in sectors ranging from AI to energy Initially envisioned as a connectivity project linking three main ports and two international airports across four cities on Luzon,…...
Hong Kong maintains 2026 GDP growth forecast at 2. 5% to 3. 5%
9+ hour, 7+ min ago (208+ words) Government also raises headline inflation forecast for year to 2. 6 per cent, up from 1. 8 per cent projected in February's budget Hong Kong authorities have maintained their full-year economic growth forecast at between 2. 5 and 3. 5 per cent after the city's economy expanded by…...
Is China set to benefit from new US Fed chair Kevin Warsh's policy vision?
1+ day, 4+ hour ago (203+ words) South China Morning Post Is China set to benefit from new US Fed chair Kevin Warsh's policy vision? The appointment follows White House pressure on the central bank to lower interest rates " a move analysts warn could have unintended consequences…...
China's credit demand weak in April despite policy support, strong industry
1+ day, 8+ hour ago (169+ words) Lending growth slows as borrowing demand from households and businesses remains weak The rare monthly fall in April " only the second in the past decade " comes as household and corporate appetite for debt remains at historic lows. Data released by…...
Warsh confirmed as Fed chair, as US central bank faces Trump assault
2+ day, 9+ min ago (209+ words) He is taking over as the world's largest economy reels from repeated shocks, including inflation fuelled in part by the Iran war The US Senate on Wednesday confirmed Kevin Warsh as the new Federal Reserve chairman to lead a central…...
US consumer inflation jumps as Iran war sends energy prices higher
3+ day, 6+ hour ago (287+ words) Inflation had been dropping more or less steadily since peaking with a 9. 1 per cent year-over-year spike in prices in June 2022 US consumer prices climbed sharply again last month as the 10-week war with Iran pushed energy prices higher. The Labor…...
German firms in China more optimistic despite Iran war, trade headwinds: survey
3+ day, 8+ hour ago (282+ words) Expectations for growth, profits and investment are all up, despite geopolitical turbulence In a survey released on Tuesday, the chamber found that 37 per cent of respondents expected China's economy to improve over the next six months. That was up 22 percentage…...
Singapore's stability woos investors; Omega-3 and brain risks: 5 weekend reads
4+ day, 14+ hour ago (55+ words) South China Morning Post Xi's leverage ahead of Trump meet, Hong Kong schools: 5 weekend reads you missed From Hong Kong schools' rise in students to Singapore's investment stability, here are five stories you may have missed over the weekend...
Opinion | Can China engineer a price recovery that doesn't make people feel poorer?
5+ day, 11+ hour ago (195+ words) The producer price uptick offers a policy window: if reinforced by household demand and expectations, it could kick off a broader recovery China may finally have a chance to loosen the grip of deflation. Yet, the more important question is…...