Asia Pacific Stocks Set to Rise as Investors Wait for China Economic Data
China will report data on April's industrial production, retail sales, fixed asset investment and unemployment on Monday — investors are looking to those numbers for clues on the impact of the country's zero-Covid policy on the economy.
"While Shanghai provided some positivity for markets, it is not clear when China will pivot to living with Covid," Tapas Strickland, director of economics at National Australia Bank,Shanghai authorities said on Sunday that some businesses will begin to resume in-store operations,Currencies
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Nomura begins offering Bitcoin OTC derivatives to clients in Asia“Options enable investors to trade volatility directly and protect against downside risks in the crypto market,” said Rig Karkhanis, Nomura’s head of global markets for Asia ex-Japan.
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Biden proposes $150 million in Southeast Asia spending ahead of leader summitPresident JoeBiden is proposing more than $150 million in spending as he attempts to demonstrate his commitment to Southeast Asia.
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Biden Names Envoy to SE Asia Bloc, Stressing US AttentionPresident Joe Biden says he’s nominating one of his top national security aides to serve as his ambassador to the Association of Southeast Asian Nations. It’s a move meant to underscore his administration’s commitment to the Pacific region despite the recent focus on Russia’s invasion of Ukraine. Biden announced his decision to tap Yohannes Abraham, chief of staff to the White House National Security Council, to serve as his ambassador to the 10-country bloc as he wrapped up summit talks with the visiting leaders on Friday. It’s Biden’s latest effort to send the message that he’s serious about recalibrating American foreign policy to counter China’s rapid rise as a national security and economic power.
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China withdraws as 2023 Asian Cup host due to pandemicThe Asian Football Confederation praised China for the 'difficult choice' to withdraw as the country battles to stamp out the virus with rapid lockdowns and mass testing.
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Chuck Grassley Slams Democrats' China Immigration BillIowa Republican Sen. Chuck Grassley dropped the hammer on the Democrats’ latest plan to sneak a vast gateway for white-collar immigration into the draft anti-China bill.
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China tensions loom as Japan's Okinawa marks 50 years since US handoverThe Japanese island chain of Okinawa marked the 50th anniversary on Sunday of the end of US occupation and its return to Japan with ceremonies and celebrations amid growing worry about its proximity to an increasingly assertive China.
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