News
US key inflation gauge worsens, eroding Americans" income, spending power
2+ hour, 51+ min ago (204+ words) South China Morning Post US key inflation gauge worsens, eroding Americans" income and spending power Inflation of 3. 8 per cent in April was the highest since May 2023 amid high petrol prices and food costs A key inflation gauge accelerated in April…...
Hong Kong exports surge 43% in April, driven by strong demand for AI electronics
5+ hour, 37+ min ago (230+ words) Figure follows earlier five-year high of 35. 8% growth in March, but government remains cautious and says Middle East war could cloud outlook Hong Kong's exports rose by nearly 43 per cent year on year in April, driven by strong global demand for…...
Gold continues to decline as inflation fears outweigh hope of an end to Iran war
10+ hour, 5+ min ago (291+ words) South China Morning Post Gold continues to decline as inflation fears outweigh hopes of an end to the Iran war The metal is down nearly 20 per cent from its all-time high in January as investors focus on the Federal Reserve's…...
Founder of Japan's 7-Eleven chain Toshifumi Suzuki dies aged 93
3+ day, 8+ hour ago (184+ words) The "father of the convenience store" was the first to come up with the idea of selling onigiri at 7-Eleven outlets "We would like to express our deepest gratitude for the kindness shown to him during his lifetime and respectfully…...
Singapore's economy grows on back of AI boom, defying Iran war slowdown
3+ day, 14+ hour ago (214+ words) Singapore's economy expanded faster than expected in the first quarter as the global artificial-intelligence boom lifted the nation's manufacturing and services, offsetting the drag from higher crude prices. Gross domestic product grew a seasonally adjusted 1 per cent in the three…...
For third time in 8 days, India raises diesel and petrol prices
5+ day, 2+ hour ago (156+ words) India's state-run refiners raised retail prices again of diesel and petrol on Saturday to help processors cut losses on discounted sales and to control a spike in demand. Prices of both fuels rose by nearly one per cent, or less…...
Macroscope | Can Europe and Asia break the grip of US bond markets?
5+ day, 7+ hour ago (337+ words) South China Morning Post Can Europe and Asia break the grip of US bond markets? Too much money is chasing too few investment opportunities. Unified bond markets in Europe and Asia could offer safe options for savings to flow into…...
Warsh takes US Fed's helm with inflation dilemma already unfolding
5+ day, 22+ hour ago (280+ words) Trump's pick to lead the central bank must contend with an economy roiled by the AI boom, as well as oil price and tariff shocks Kevin Warsh, whose broad criticism of current US "Federal Reserve officials, playbook for rate cuts…...
Opinion | Not even a quick end to Iran war can save AI stock bubble now
6+ day, 18+ hour ago (584+ words) South China Morning Post Not even a quick end to Iran war can save AI stock bubble now Rising prices are draining the liquidity from financial markets, including bonds. The AI stock bubble is ripe for bursting The Iran war…...
China's corporate earnings lag behind stock market gains, survey finds
1+ week, 8+ hour ago (183+ words) Equities post strong gains driven by improved market sentiment and tech optimism, though profit growth lags, a new survey shows Chinese listed companies have delivered strong stock returns over the past year even as net profits grew by only about…...