Wednesday, 26 Jun 2024

Asia

Asia News – Get latest breaking news & top stories today in Asia, South-East Asia, South Asia, East Asia, Australia/New Zealand at…

Germany on 'road to recovery' as business morale brightens further

BERLIN (Reuters) – German business morale improved more than expected in August as both manufacturing and services picked up steam, a survey showed on Tuesday, boosting hopes that Europe’s largest economy is set for a strong recovery following the massive coronavirus shock. The Ifo institute said its business climate index rose to 92.6 from a […]

What happens if Japan's PM Shinzo Abe is incapacitated, or resigns?

TOKYO (REUTERS) – Japanese Prime Minister Shinzo Abe’s recent visits to hospital have raised concern whether he will be able to stay on as leader of the world’s third-biggest economy until the Sept 2021 end of his term as ruling party chief, and hence, premier. Abe plans to hold a news conference on his health […]

Credit Suisse to merge Aargau retail banks in 100 million Swiss francs savings drive

ZURICH (Reuters) – Credit Suisse (CSGN.S) intends to generate 100 million Swiss francs ($110 million) in annual savings by merging subsidiaries in the canton of Aargau and cutting the number of branches in favour of more digital bank. The move, announced on Tuesday, is the latest stage in the revamp of the lender’s Swiss retail […]

U.S.-China trade optimism boosts European stocks, DAX at month high

(Reuters) – Renewed optimism over a U.S.-China trade deal and a smaller-than-expected decline in German economic output fuelled a rally in European stocks on Tuesday, with Frankfurt shares hitting a 1-month high. The pan-European STOXX 600 index rose 0.8% by 0711 GMT, extending this week’s gains on the back of positive updates on COVID-19 treatment efforts. […]

U.S.-China trade optimism boosts European stocks, DAX at month high

(Reuters) – Renewed optimism over a U.S.-China trade deal and a smaller-than-expected decline in German economic output fuelled a rally in European stocks on Tuesday, with Frankfurt shares hitting a 1-month high. The pan-European STOXX 600 index rose 0.8% by 0711 GMT, extending this week’s gains on the back of positive updates on COVID-19 treatment efforts. […]

China will stay determined to keep 'normal' monetary policy: cenbank official

BEIJING (Reuters) – China’s determination to maintain a “normal” monetary policy will not change, said Sun Guofeng, head of the monetary policy department at the People’s Bank of China. China’s monetary policy direction will not change and its flexible and appropriate approach will not change either, said Sun, adding that the uncertainty stemming from the […]

Taiwan says won't let China firms 'pull a fast one' to get into market

TAIPEI (Reuters) – Taiwan will not allow Chinese companies to “pull a fast one” by using indirect methods to bypass rules and regulations to operate in the island’s market, Premier Su Tseng-chang said on Tuesday. Taiwan already has tough regulations restricting Chinese companies, and has in recent weeks ramped up actions to investigate those it […]

China logs 9th consecutive day with no locally transmitted Covid-19 cases

SHANGHAI (REUTERS) – China reported its ninth consecutive day with no new locally transmitted Covid-19 cases, as a major university in the city of Wuhan opened for face-to-face classes on Tuesday (Aug 25) for the first time in eight months. The daily update from national health officials, which provided data for Monday, showed the recent […]