World Trade

Sunak is the favourite to be Prime Minister of the UK now that Johnson has given up on a comeback.

Boris Johnson dropped out of the race on Sunday, saying that even though he had enough support to make it…

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Hong Kong stocks drop because Xi’s appointments make people worry about the economy, and the yuan gets weaker. 

Hong Kong On Monday, Hong Kong stocks fell to their lowest levels in 13 years, and the onshore yuan fell…

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China’s prices for new homes have dropped for the second month in a row.

China’s new home prices fell for the second month in a row in September. This was due to mortgage boycotts,…

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Japan govt urges BOJ to be vigilant to market swings-stimulus draught

A draught document obtained by Reuters on Monday showed that Japan’s government will ask the central bank to keep an…

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Flying back to Britain, Boris Johnson tries to make a quick comeback. 

London A few weeks after being forced to resign, Boris Johnson is returning to Britain as he considers making an…

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A U.S. appeals court temporarily prohibited Biden’s plan to cancel student loans. 

One day after a judge dismissed a Republican-led lawsuit brought by six states opposing the loan-forgiveness scheme, a U.S. appeals…

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As U.S. yields jump and the dollar climbs above 150 yen, sterling prices plummet. 

Singapore On Friday, the dollar gained a lot of ground, pushing to new 32-year highs above 150 yen on predictions…

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Asian equities are down on rate hike fears, while the Japanese currency is at 32-year lows. 

Singapore The yen sank to fresh 32-year lows on Friday, with markets on high alert for any indication of intervention,…

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In Asia stocks fall because people are less willing to take risks because they think interest rates will go up. 

Singapore Thursday was the worst day for Asian stocks since April 2020. Investors were less willing to take risks after…

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After Erdogan’s push, the Turkish central bank will lower rates to 11%. 

A Reuters poll released on Friday showed that Turkey’s central bank is likely to cut its policy rate by 100…

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