Goldman Sachs Maps Asia's AI Currency Winners and Losers
Goldman Sachs identifies Asian currencies tied to semiconductor and AI supply chains as outperformers, with South Korea, Taiwan, and China leading gains while energy-dependent economies lag.
economy
Economy & Finance
Markets await clarity on Fed policy as Kevin Warsh heads to Jackson Hole amid pressure from Treasury Secretary Bessent's market interventions and uncertainty over inflation stance.
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Coverage (10770 articles)
Japan's minimum wage talks deadlocked as labor seeks record ¥75 hike
Japan's labor and management representatives remain sharply divided over a proposed minimum wage increase, with workers seeking a record ¥75 hike while businesses cite Middle East turmoil and rising costs as constraints.
KZN tackles medicine shortages through redistribution and therapeutic alternatives
KwaZulu-Natal's health department attributes medicine shortages to global supply chain disruptions, managing gaps through inter-hospital redistribution and therapeutic alternatives while awaiting supplier restocking by July.
US-Iran ceasefire hopes spark market rally, but Strait of Hormuz closure tells different story
Markets rally on US-Iran ceasefire hopes, but analysts warn the pattern mirrors a failed June deal. Critical shipping chokepoints remain closed despite diplomatic optimism.
Four Square owner fined $44k for charging migrants $120k for jobs
A Four Square supermarket in Thames and its owner were fined $44,000 after two migrant workers each paid $60,000 to secure employment, exploiting visa-tied vulnerable workers.
iD Collective wins Eight Sleep brief, signaling shift toward integrated wellness PR
iD Collective appointed to manage Eight Sleep's Australian PR, media relations and influencer communications, signaling how wellness technology brands now require integrated earned media and creator strategies.
Malaysia's Passport Ranks 7th Globally, Outpacing US in Travel Freedom
Malaysia's passport ranks 7th globally with visa-free access to 183 destinations, ahead of the US and Iceland. The ranking reflects Malaysia's strong international reputation and regional leadership in Southeast Asia.
Markets surge as U.S.-Iran tensions ease, oil prices plummet
Stock futures rise and oil prices fall 5% as the U.S. and Iran signal a pause in military attacks, easing geopolitical tensions ahead of Federal Reserve meetings.
El hermetismo de Warsh en la Fed genera incertidumbre antes de la decisión sobre tipos
La Reserva Federal se reúne el miércoles en medio de creciente volatilidad tras el colapso de la tregua entre EE.UU. e Irán. El nuevo presidente Kevin Warsh ha eliminado la orientación prospectiva, dificultando que analistas e inversores anticipen decisiones sobre tasas de interés.
El hermetismo de la Fed eleva volatilidad y reduce visibilidad sobre tipos de interés
La Reserva Federal bajo Kevin Warsh adopta una postura más opaca en comunicaciones, elevando la volatilidad de mercados y reduciendo claridad sobre decisiones futuras de tipos de interés.
Indonesia's Central Bank Governor Resigns, Sparking Independence Concerns
Indonesia's central bank governor Perry Warjiyo resigned unexpectedly, triggering market concerns about central bank independence and fiscal policy under President Prabowo's administration.
Nigeria's $3.57B sovereign fund earns IMF praise for governance model
Nigeria's Sovereign Investment Authority manages $3.57 billion of the $16 trillion global sovereign wealth fund market. The IMF calls for stronger legal frameworks and governance standards as these funds expand their mandates beyond traditional roles.
PNB Property Arm Set for PSE Listing on September 25
Philippine National Bank's property subsidiary plans to list on the Philippine Stock Exchange on September 25, 2026, with PNB expressing support for the planned IPO.
Malaysia's Economy Minister Acknowledges Gap Between GDP Growth and Wage Stagnation
Malaysia's Economy Minister acknowledges a critical gap between strong GDP growth (5.4%) and stagnant worker wages, citing manufacturing productivity up 7.7% while salaries grew only 1.8% in May.
Chinese chipmaker CXMT soars 500% in Shanghai IPO debut
Chinese memory chipmaker CXMT surged nearly 500% in its Shanghai stock market debut following a $9.8 billion IPO, marking a blockbuster listing that boosted Asian shares while oil prices declined.
Three firms sign MOU to tokenize art assets on blockchain in Hong Kong
Three Hong Kong-based firms signed an MOU to develop art tokenization and blockchain finance products, positioning Hong Kong as a hub for digital asset innovation within regulatory compliance frameworks.
China's K-shaped economy widens regional divide as tech hubs surge ahead
China's economic growth is increasingly bifurcated geographically, with tech-hub regions like Zhejiang outperforming national averages while other provinces lag significantly behind.
Taiwan signals renewed push for homegrown Teng Yun drone amid defense modernization
Taiwan is renewing interest in its domestically developed Teng Yun II medium-altitude UAV as part of defense strategy, with potential ROCAF acquisition alongside US MQ-9Bs despite budget constraints and operational vulnerabilities.
Decisión de la Fed podría desencadenar próxima rotura en oro y plata
Oro y plata se mantienen en consolidación mientras inversores esperan la decisión de la Reserva Federal, que podría determinar el próximo movimiento significativo en estos metales preciosos.
El BCE presenta dos diseños finalistas para renovar los billetes de euro con Cervantes y naturaleza
El Banco Central Europeo abre consulta pública para elegir entre dos colecciones de nuevos billetes: una dedicada a figuras culturales europeas como Cervantes y Beethoven, otra inspirada en ríos y aves. Los nuevos billetes comenzarían a circular en 2027.
Indonesia's Central Bank Governor Resigns as Economy Reels from Currency Crisis
Indonesia's central bank governor Perry Warjiyo resigned early citing personal reasons as the nation grapples with currency depreciation, inflation, and economic strain triggered by Middle East geopolitical tensions.
FAO Launches Global Partnership to Combat Transboundary Animal Diseases
The FAO unveiled a new strategic framework (GPP-TAD) to address transboundary animal diseases through country-led initiatives and diversified financing, with 110 nations already committed to participation.
Shein posts $99M loss as Trump tariffs squeeze fast-fashion margins ahead of Hong Kong IPO
Fast-fashion retailer Shein posted a $99 million quarterly loss as Trump-era tariffs and the end of de minimis shipping exemptions eroded margins ahead of its Hong Kong IPO filing.
Shein posts $99m loss as Trump tariffs squeeze fast-fashion giant ahead of Hong Kong IPO
Fast-fashion retailer Shein swung to a $99m quarterly loss as Trump's removal of tariff exemptions on small packages hit US sales, complicating its Hong Kong IPO plans.