Business News Asia
South Korea’s National Bureau of Statistics reported that South Korean industrial production fell 3.5% in October from the previous month. Industrial production fell the most in October in nearly two and a half years, or since May 2020, as demand…
Manufacturing activity in China remains under pressure in November. The COVID measures under the Chinese government’s zero COVID policy are leaving visible traces in the manufacturing sector, but also in the service sector. The official manufacturing purchasing managers’ index from…
The European Commission (EC), the executive body of the European Union (EU), announced that its economic sentiment index for the Eurozone rose to 93.7 in November from 92.7 in October. This was above analysts’ expectations of 93.5. The index rose…
South Korea’s Ministry of Trade, Industry and Energy reported Nov. 29 that South Korean retail sales increased in October due to the easing of measures to prevent COVID-19. According to the report, sales of major online and offline retailers in…
Asian currencies may post their strongest monthly gains in more than 6 years, supported by expectations that the Federal Reserve (Fed) has reached the end of its rate hike cycle. The Bloomberg JPMorgan Asia Dollar Index, which measures the performance…
Toyota Motor Co. announced that global auto production rose 23% in October, exceeding targets for the third straight month, as Toyota continues to struggle with a shortage of chips affecting the production of its vehicles. Toyota produced 771,382 vehicles worldwide…
Saudi Arabia, the world’s largest oil exporter, may cut the price of crude oil exported to Asian markets in January. Middle East trade stalled over concerns about slowing demand in China and a surge in Russian crude in Asia after…
Tuesday’s data showed Japan’s retail sales rose for the eighth consecutive month in October after borders were fully reopened. This is due to the removal of pandemic response measures this year. However, there has been little growth since September as…
Honda Motor announced Monday (Nov. 28) that it is suspending operations at three auto plants in the Chinese city of Wuhan as China continues to implement lockdown measures to continuously contain the spread of COVID-19. The decision to suspend operations…
According to government data released on Tuesday, the unemployment rate in Japan remained unchanged at 2.6% in October, while the jobless rate improved for the tenth consecutive month. The jobs-to-applicants ratio was 1.35, up from 1.34 in September and the…
